Overwhelming debt can kill a business. Even the most successful businesses can have a huge payroll, not to mention taxes, rent and utilities. Seeking commercial debt reduction is often a top priority for some businesses. If they choose not to seek commercial debt reduction, then businesses can find themselves filing for bankruptcy; then their problems can really begin. While the school of thought in the past was that bankruptcy is a protective measure against monetary loss, recent laws have added to the difficulty of filing for bankruptcy. The Bankruptcy Abuse and Prevention and Consumer Protection Act of 2005 has made it more difficult for business owners seeking to file Chapter 11 or Chapter 7. The paperwork is twice the amount it was before, and the costs are high, as much as $50,000 for a small business. Commercial debt reduction can help businesses avoid bankruptcy and stay in operation. American Finasco is the one to call for commercial debt reduction. We have a professional staff that can sit down with a business owner, understand his or her unique needs, and find the best commercial debt reduction possible. Through its Debt Resolution Plan, American Finasco can act as a buffer between the business owner and creditors. Constant phone calls, emails, faxes and letters from creditors can be eliminated. American Finasco offers commercial debt reduction services that include a debt resolution process which finds avenues for businesses to get out of debt fast, and with as little court interference as possible. Commercial debt reduction is the way to go. American Finasco also offers debt counseling as one of its commercial debt reduction services. Our staff can give sound advice on which way to go when facing overwhelming debt. American Finasco can help businesses reach a debt settlement. Companies that have to go to court can rest assured American Finasco can provide a good attorney at an affordable price. Through our National Attorney Network, a lawyer can be found who is on your side. Our referring attorneys use a flat fee schedule. Many times litigation can be avoided by finding a satisfactory commercial debt reduction solution.
If a business chooses to go forward with a bankruptcy instead of seeking commercial debt reduction, it should be aware that in addition to the most recent laws, the courts will appoint a trustee to look after the financial affairs of the business. This process takes the owner out of the picture. Commercial debt reduction works to keep the owner in charge and the courts out of the affairs of the company. Commercial debt reduction is the best solution for a business owner with multiple debts. Through its commercial debt reduction services, American Finasco can look for ways to pay off creditors while keeping businesses up and running. Our commercial debt reduction services are proven to work and are a much better option than bankruptcy.