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Although this company was recovering fast from a difficult period, unpaid arrears of rent were about to cause this business to file for bankruptcy. We were successful in obtaining a reduction in the amount owed of 40 percent, payable on extended terms. The lease was renegotiated and the tenant was able to remain on the premises and continue with the business.

 

Lloyd Benton & Taylor, LLC is a corporate debt restructuring company based in Fort Lauderdale, Florida that handles business debt resolution, corporate turnaround consulting, corporate crisis management, business debt negotiation, business turnaround management, corporate and business debt consolidation.

If you are in the need of debt restructuring, contact us today for an initial consultation.
 

Debt Restructuring   .   Bankruptcy   .   Business Debt Consolidation   .   Corporate Debt

 
   
 
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LLOYD, BENTON & TAYLOR, LLC
110 E. Broward Blvd., Suite 1700, 17th Flr., Ft. Lauderdale, FL 33301
Tel: 1.800.256.0966 or 954.315.3867   -   Fax: 954.315.3899

Lloyd Benton & Taylor, LLC is not a law firm nor does it provide legal advice. Suitable legal counsel can be arranged if required.

 Copyright 2003-2004  –   -  Our Link Directory

09-03-09 WASHINGTON – Jobless rate at 9.7 %, with 216,000 jobs lost in August
The unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.

Comment:
Bailouts and stimulus packages are not saving jobs, they are losing them!
Lloyd, Benton & Taylor’s proven formula? 

>>>Rapid Restructuring to save the company and save jobs and then grow the company to generate real and lasting jobs!

07-31-09 FORT LAUDERDALE, FLORIDA - Commercial Property on the edge of a cliff? - Commercial property is clearly at the edge of a major, quite possibly unprecedented, downturn. Nationwide commercial delinquencies are up from $4BN one year ago to $29BN last month representing an astounding increase of 585%. Commercial sales in the state of Florida to May 2009 plummeted by 77% compared with the same period in 2008. The driving factor throughout the nation in this sector has been high and increasing levels of unemployment. In Central Florida - the state’s barometer economy - jobless rates shot up to10.8% last month. This is the largest increase in 34 years. This administration’s ‘free spending’ approach to resolving economic problems has already damaged the dollar and triggered the beginning of an inflationary spiral which is already affecting the cost of daily essentials - far more than is being revealed by the CPI and other  ‘official’ statistics. Retail sales have therefore been hard hit as the nation trims its budget to adapt to the new circumstances. These facts are at the root of the rapidly declining demand for retail space and the rising number of vacancies.

11-21-08 Goldman cuts U.S. growth forecast
(Reuters) - Goldman Sachs on Friday lowered its U.S. growth forecast citing a fiscal policy stagnation, record increase in unemployment and a sharp decline in profits, deepening and extending the expected recession.

11-07-08 Washington - Jobless rate bolts to 14-year high of 6.5 percent
The nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as another 240,000 jobs were cut, far worse than economists expected and stark proof the economy is deteriorating at an alarmingly rapid pace.

10-27-08 Fort Lauderdale, Florida - MARKET MELTDOWN - BAFFLING BAILOUTS - BANKRUPT BANKS - CREDIT CRISIS - RECORD UNEMPLOYMENT - RECORD FORECLOSURES - THE END OF THE WORLD AS WE KNOW IT? .............NOT NECESSARILY!

IMMEDIATE PRESS RELEASE

A FLORIDA FIRM ANNOUNCES THAT, AFTER ALL, THE 'TITANIC DOES HAVE LIFEBOATS', THERE IS A WAY OUT FOR A BUSINESS THAT MAY BE DROWNING IN PROBLEMS, help may not be far away for hard pressed employers and the threatened jobs of their workforce....."In the present economic crisis, business owners are being too quick to close their doors without properly exploring other survival and recovery options" responds Roderick Lloyd, President of Florida based turnaround specialists, Lloyd, Benton & Taylor, LLC ("LBT"). He goes on to say, "....while general consulting firms provide a vital service to the distressed business community, their process can take a year or more to complete by which time - and especially at the present time - many of their clients will be out of business and contributing to the lines of unemployed. In contrast, LBT specializes in fast 90 day turnarounds by focusing exclusively on all categories of business debt and the related debt servicing. Excessive debt is the number one factor in business failures. This is especially so in the fast moving crisis events of the last month, where businesses still remain highly geared while, at the same time, banks are looking to their own survival and, without warning, are indiscriminately freezing their customers' credit lines."

Fort Lauderdale - 10-29-07
Lloyd, Benton & Taylor, LLC (Investment Division) announces its Commercial Real Estate Acquisition & Development Program. President, Roderick Lloyd, comments: "I see this addition as a very good fit for those companies that are in any mode of reorganization or restructuring, as well as businesses that are growing and seeking to expand into larger more suitable premises."

09-13-07 Bankruptcies
A huge 50% increase in Business Bankruptcies was recorded for the first 6 months of 2007, when compared with same period last year. The total corporate filings for the first half of 2007 were 11,563.

 

08-21-2007 Financial job cuts soar on housing woes
A deepening U.S. housing slump has caused an alarming surge in job losses at U.S. financial services companies, and the end is nowhere in sight, consulting firm Challenger, Gray & Christmas Inc. said on Tuesday.

10/01/04 – Bankruptcies
The year 2003 showed a small improvement with 35,057 filings. However, the figures for the first half of 2004 already record 18,815 businesses filing for Bankruptcy protection – an increase onthe same period for the previous year.