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QUESTION: Our business currently has approximately $70k in debt with which we are not able to keep up, lately. Between an almost year long illness, not enough cash flow, etc., it has gotten progressively worse. We have one credit card, one credit line and one lease (which is due to be paid in full by June .. but the $3k a month payment is now impossible). Is it possible that a firm specializing in this could help?
ANSWER: Dear Lauran:
Thank you for your inquiry. I regret that you are in such a difficult situation. Yes, it is very possible that your debt can be managed and settled through professional debt mediation. In most cases, this would enable you to enroll in a program, whereby your monthly minimum payments should be less than what you are required to make now and also enable your debts to be discounted and settled for less time and money than you could achieve on your own. You can also inquire with an attorney to explore if you qualify to file for Bankruptcy protection in your state. If you are interested in the former option; I do represent such a firm, and invite you to contact me for a confidential no cost or obligation evaluation through our website www.franklinmediation.com. Please fill out a Request for Consultation and reference that I referred you for assistance. If you reside within our service area, myself or a competent debt specialist will be in contact promptly to assist you. Otherwise we can direct you to a firm that can assist you.
Hang in there, for every problem there is a solution.
Respectfully,
Christine Janklow
---------- FOLLOW-UP ----------
QUESTION: Thank you for your kind and considered response. Our business is in Vermont, though it is incorporated in Delaware. Before I inquire further at your firm, could you let me know if we are within your service area?
Lauran:
Both Vermont and Delaware are states that we can provide service to. Please review our website to familiarize yourself with our services, and if you wish to contact us, do so as indicated in our prior communications.
Respectfully,
Christine Janklow
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Answers by Expert:
Christine Janklow
Expertise
As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a business after debt is eliminated. Please ask it now! For more information regarding how debt settlement can help your business, please visit www.SettleSource.com and place your inquiry. Mention All Experts to have a confidential no cost consultation with Christine. If this is your business situation time may play a very important factor in getting matters resolved proactively before they have negative affects on the business.
Experience
My expertise is specific to providing business solutions that will have profound positive impacts on the financial health of businesses. I have 25 years experience as an entrepreneur and have developed national sales programs; strategic alliances; product development; marketing programs; business and turnaround plans and debt settlement programs all providing methods to improve the financial outlook for large and small businesses. In the area of commercial debt settlement I have over 10 years experience working with large and medium corporations and closely held businesses to enable successful debt reduction and turnaround. I am a professional debt arbitrator and have negotiated with major banking institutions as well as vendors, suppliers and other trade creditors.
Organizations
Provisors;Turnaround Management Association; Los Angeles area
Publications
Accounting Today; Web CPA; National Restauarant Association;Los Angeles Daily News; Today Magazine Monthly series of business articles entitled "Brand News."
Education/Credentials
Bachelor of Business Administration; Associate of Arts Merchandising
Past/Present Clients
American Airlines, American Express, Safeway Inc., New York Life, consumer products manufacturers; retailers, food service industry and other small businesses and service providers.
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