From the President of a Gift Catalog Company in MD

I would like to extend my appreciation to American Finasco for the outstanding results of the service that was provided to my company. I discovered American Finasco through their website during my search for an organization that assisted commercial businesses experiencing financial distress. We assigned 127 creditor claims that totaled $315,643.00.


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The Importance of Professional Support in the Face of Financial Difficulty in Business

Accidents do happen, and unexpected hardships - from hurricanes to employee theft - can hinder a company’s ability to meet its financial obligations. When businesses have cash flow problems and difficulties paying their bills, times are challenging.  Some business owners are forced to borrow a sub prime loan at a high interest rates, mortgage a homestead, or max a credit card - all to satisfy a debt.  Aggressive debt collecting agencies add frustration to the situation.  The intrusion of debt collection phone calls can dramatically impact business performance.  Attorney Demand Letters requesting immediate payment and even pending suits filed against your company greatly hinder productivity.

During such a stressful financial situation, it is difficult to imagine that your company and business will ever get back on track.  But, a professional firm that specializes in negotiating and managing a debt reduction process for a vulnerable company could be the answer.

Business owners seeking help before resorting to bankruptcy can utilize debt-reduction experts to negotiate debt reduction, debt restructuring, debt management plans or out-of-court settlements.  These financial recovery professionals can legitimately help troubled companies get out of debt, while simultaneously helping creditors, collection agencies and attorneys retrieve a portion of what they are owed.  Most debt-reduction firms are run by professional managers, who can objectively see both sides of a dispute and have the ability to logically propose viable solutions.  Their overall purpose is to keep the client in business, repair relationships with creditors, and restore vendor continuity.  Services generally include debt reduction/settlement, and negotiation with creditors and collection agencies.  Some turnaround, or restructuring, companies offer financing - others offer tax accounting assistance or legal help.

With extensive experience and broad network connections, these companies can help financially stressed companies improve their chance of a successful business turnaround - improving cash flow and significantly reducing a company’s accounts payable. They provide real, proven solutions and help companies return to a profitable financial status -  and avoid bankruptcy.


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Stephen Wright and Guest Mitch Vicknair, American Finasco - Price of Business