F.A.Q. (Frequently Asked Questions)
Debt negotiation is fast becoming the alternative to going to court and is being used by more and more business owners in settling and liquidating aged or disputed payables. Below are some of the answers to common questions.
If you have any other questions regarding business debt negotiation, keep in mind that you can receive a free, initial and confidential consultation, as well as a free e-book -- in either case, there's no obligation whatsoever.
1. Will my reputation as a business owner be ruined if I seek a debt negotiator to negotiate with my creditors?
Your reputation will be ruined only if the mounting debt of your business is allowed to continue to grow and your company fails, leaving you and your creditors with nothing. Your honest and prompt effort to settle your debts can only enhance your reputation.
2. Will my credit be hurt if I use a debt negotiator?
Strained relationships and credit can be repaired with creditors by bringing truth and integrity to the settlement process. All settlements are labeled and characterized as PAID IN FULL.
3. Are creditors willing to accept what I have to offer them?
Creditors need cashflow just as much as you do. They are willing to make accommodations and appreciate your efforts to provide a lump sum of immediate cash rather than long, sporadic payments.
4. What if I get an attorney to handle my account?
An attorney can only buy you time, not reduce the amount of money you owe. It usually costs you more money in the long run, because you can pay up to $200 per hour. In the end, you still owe the money -- and now the lawyer too, which only compounds your debt.
5. I feel bankruptcy is my only alternative in getting out of debt.
Bankruptcy is NOT an alternative. It is a last resort! When you file for bankruptcy, you lose control of your company in a reorganization. Less than 20% of companies who file a "Chapter 11" ever come out of it because their attorney becomes their largest creditor in the end.
6. What are my options with my business in such debt?
You can stay where you are and accumulate more debt and stress, or you can settle your debt with a debt negotiator such as Burke Jenson and Rose, Inc. The choice is yours.
You can call us at (858) 451-9081, or write to us at 16776 Bernardo Center Drive, Suite 203, San Diego, California (USA) 92128. But the simplest way is to receive a free consultation or our free e-book. You've got nothing to lose!
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