Debt Workout
Creditors
Our priority is to negotiate for an immediate and rapid settlement of all troublesome debt and relieve our clients of the burdens associated with creditor and debtor processes. A swift response is essential to ensure any overdue or delinquent debt does not deteriorate into legal proceedings and involve the additional costs of legal fees, court costs and compounding interest. Our system has an assignment success rate of more than 90 percent.
Our initial engagement period is 90 days and during this time we would expect to resolve most of our client’s pressing debt issues. Our continued success in this traditionally challenging area has been attributed to:
• An open non-adversarial approach
to creditors, which enables our clients to maintain
continuity with their lenders, investors, bond/note
holders, vendors, and customers
• Defining and setting strict deadlines for settlement
agreements
• Encouraging the free flow of information between
all interested parties
Debtors
In the workout process, immediate action is also essential for success with Accounts Receivable. The US Chamber of Commerce records that the chances of ever collecting on an account which is 90+ days delinquent declines at the rate of 15 percent per month thereafter. (These statistics are further deteriorating in the present economic climate).
Our objective is to recover all possible outstanding accounts within 30 days of receiving instructions and it is likely that the Company will start receiving the first payments within 14 days of our commencing operations.
. . .
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.
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.
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