Testimonials
"We recently engaged Lloyd, Benton & Taylor
'LBT' to help resolve a matter involving the sale
of a discontinued European operation. This particular
issue had been outstanding for several years and
had defied resolution. 1 am
pleased to report that Lloyd, Benton & Taylor's efforts generated an exceptional
conclusion. The firm's results oriented process has made it possible to retire
certain debts deeply discounted that have resulted in our posting a "gain on
retirement of debt" instead of the loss typical in this kind of situation. LBT's
Liability Management Service is continuing to play
a vital role in positioning our company to obtain the best possible accommodations
from our lenders and investors; this is hastening our recovery process and, of
course, adding value to the business. I am very pleased to be able to endorse
this firm and the vital services that they provide."
Fred Minturn, Executive Vice President and Chief Financial Officer
MSX
International, Inc., Warren, Michigan.
...........................................................
“Following Lloyd, Benton &Taylor's very successful workout of this company's indebtedness during 2002-2003, we engaged them again to deal with one final unresolved situation. This entailed negotiating to deep discount a portfolio of fully secured equipment leases. This was a most challenging assignment for any firm to take on for the following reasons:
The lessors had already taken several previous "haircuts" on this portfolio.
The initial lending Bank had since assigned the major portion of the lease obligations to three other Banks. This meant that LBT would have to secure agreement with all four Banks if the matter was to be resolved.
At the time that LBT accepted the assignment, the lead Bank in the Group had categorically stated that no member of the Group would accept any further reductions in the principal owing.
From our previous experience we were acquainted with LBT's ability to deliver exceptional results in the area of debt reduction and restructuring, but privately we felt that this assignment would be tough for any firm. We were happy to learn that they had not only managed to reach agreement with all four banks, but that the remaining obligation had been discounted substantially. Moreover, we were able to benefit from this very large discount without having to settle the balance for cash, instead the agreed amount was payable in installments over 12 months.
We commend Lloyd, Benton & Taylor for their outstanding results as well as their dedication and professionalism in the handling of this assignment. We know of no other "turnaround" firm that can deliver at this level and we were most fortunate to secure their services.”
Kenneth Clinebell, Chief Financial Officer, Comdial Corporation, Sarasota, Florida
...........................................................
“I am pleased to report that “LBT” far
out performed their projections, with an average pay
off discount of 46.8% on our portfolio of equipment
leases.”
Mark Lax, Chief Executive Officer,
Pawn 1, Inc., Spokane, Washington.
...........................................................
“Lloyd, Benton & Taylor
have been able to introduce a number of candidates
for our on-going acquisition program as well as providing
debt and equity funding sources, which will have
the effect of substantially improving shareholder
value in the coming year.”
Christopher
M. Schwarz, President & CEO, Ultimate
Franchise Systems, Inc., Longwood, Florida.
...........................................................
“We were in default of our covenant with
our primary lender. I should say that this particular
national Bank is well known for its unwillingness to
compromise on any debt. In spite of this, Lloyd, Benton & Taylor
went on to secure an outstanding agreement with the
Bank, resulting in a 55% reduction in the principle
amount outstanding plus the elimination of all outstanding
fees, costs and interest. “LBT” then went
to do an excellent job in promptly completing the refinancing
arrangements with another Bank.”
James M.
Clark, President, James Gaskets, Inc., Dayton, Nevada.
...........................................................
“I am pleased to be able to recommend this
firm and their services. They have provided a prompt
and effective service for our corporate clients.
In particular, their expertise in negotiating and
discounting debt has proven invaluable.”
Stephen C. Riggs, Carr, Riggs & Ingram, LLP, Destin, Florida
...........................................................
“I am delighted to report that Lloyd,
Benton & Taylor were 100% successful and settlements
were agreed that were well within our limits.”
Lisset
Rigueiro, President, Estrella Pharmacy, Inc., Miami,
Florida.
...........................................................
"For over three years we have engaged Management
Consultants, Lloyd, Benton & Taylor, LLC, specialists
in retiring and liquidating all categories of business
debt. The results have been truly exceptional by any
standards. Typically, this process can take anywhere
from 12 to 18 months; where “LBT” has achieved
the same results in 2-3 months. The firm’s President,
Roderick Lloyd, has personally guided us through some
turbulent deals very successfully. Anyone that engages “LBT’s” services
will be in very good hands.”
B. Scott Laurie,
Managing Principle, Yankee Capital Partners, LLC, Boulder,
Colorado.
...........................................................
"I have worked personally with
Lloyd, Benton & Taylor,
LLC on a number of consecutive engagements for clients
of mine over the last few years and it has proven to
be a most successful association for all concerned.
The restructuring services that this firm offers have
generated exceptional results. More specifically, as
a direct result of "LBT's” intervention,
a Chapter 11 situation was averted for one client and
subsequently, I was able to take that same company
IPO. In another case, involving a public company, LBT's
services enabled me to be instrumental in radically
improving shareholder value. The exceptional results
obtained in this case were due in large measure to
LBT's wealth of funding sources which made it possible
for me to retire and liquidate much of this company's
debt."
Ralph E. Vroman, Jr. Chartered Financial
Analyst and Former Consultant to General Electric,
General Motors and other major corporations, Reno,
Nevada.
...........................................................
“As a result of the rapid decline in the real estate market, by late 2007 we had suffered investment losses of some $750,000. At the same time, we also had incurred further losses of over $400,000 as a result of internal management problems. These continuing setbacks caused our gross sales to fall by 50% over the previous year. Then, later in 2008, we began to be increasingly affected by the Banking crisis. Many of our customers had their lines of credit reduced or ‘frozen’ and our accounts receivable slowed to a trickle. This left us with a major cash flow problem.
Later, in August 2008, we were fortunate in securing the services of the Liability Management specialist, Lloyd, Benton & Taylor, LLC, (‘LBT’) to assist in negotiating for a reduction and rescheduling of our substantial bank obligations.
The major challenge here was that we only had a very limited amount of cash/cash flow to make settlements with our creditors. LBT was successful in deferring all our creditor claims for some months until such a time as we could begin making settlement payments. Subsequently, we have seen LBT reach agreement on every single account, save one, which is due to be settled this month on revised terms. The average discount on all our bank debt was 46%. On the restructured debt, we had one bank line which, in spite of the present credit crisis, LBT was able to convert into a 7 year term loan. These are exceptional results by any standards.
In these challenging times, I am certain that there are many companies who would choose to stay in business and avoid bankruptcy if they knew these services were available. I am very pleased to recommend this firm and their services.”
Dorel Anghel, PE, LEED AP, Principal, Mechanical Design Studio, Inc., Walnut Creek, California
...........................................................
“We engaged Lloyd, Benton & Taylor, LLC to bring resolution to our company’s pressing indebtedness. Much of this debt was already the subject of litigation and it was essential that it was settled to facilitate the sale of the business to the new investor. This was a most challenging assignment since we only had very limited means at our disposal to secure resolution with our creditors.
The majority of the primary debt has now been settled. Of the two largest accounts, one was settled for less than 18c in the dollar and the other account, which was on record as never offering a substantial reduction out of court, settled for an unprecedented 60% discount. Furthermore, LBT went on to successfully negotiate an installment plan for the reduced amount over 12 months.
We have been very impressed with LBT’s ability to secure exceptional discounts on a wide range of accounts and at the same time to operate within our budget constraints. Furthermore their ‘pay by results’ fee structure has been very helpful in seeing us through this process. Their services have been conducted in a most professional manner and they have given us the vital breathing space that we needed to reconstitute our business in the hands of the new owners.
I am very pleased to recommend this firm and their services.”
W. Martinez, Miami, Florida
Quick Information
90 Day Debt Restructuring. 100% Success Fees.
We are the only firm in the nation that offers a proven 90 day restructuring service on a 100% contingency fee basis.
Testimonials
Discover what people are saying about our services.
The Vision Made a Reality
Learn about the vision of President and Founder, Roderick Lloyd
Gold Medal Award
Mr. Roderick J. Lloyd has been chosen as a 2004 Ronald Reagan Republican Gold Medal Award winner.
Presidential Business Commission Nomination
NRCC announced today that Roderick Lloyd has been selected to represent the State of Florida on the new Presidential Business Commission.
News & Events
Discover what people are saying about our services.