Situation

A small mortgage company in Ft. Lauderdale, Florida was advised by their attorney to file Chapter 11.  This is a total business failure and the end.  Upon CFO consultation we secured local counsel for this merchant at a substantial discount.  Due to the fact that this merchant still had cash flow, he was able to file a Chapter 13.  The court and all creditors must approve this filing.  A five-year payment plan was approved and the business was saved.

 

Solution

The time for a company to decide whether or not to complete a bankruptcy filing is usually never too late.  We educate our clients on all financial options state to state.  They range from debt restructuring to unsecured loans.  There is no cost or retainer charged to our clients.


bankruptcy management

case studies

Situation

A retail outlet in Chicago, Illinois was awaiting their court date and received a docket number for a Chapter 11 bankruptcy filing.  This move was recommended by a local bankruptcy attorney.  This must include court approval of your plan.

 

Solution

The time for a company to decide whether or not to complete a bankruptcy filing is usually never too late.  We educate our clients on all financial options state to state.  They range from debt restructuring to unsecured loans.  There is no cost or retainer charged to our clients.  This Illinois situation was savable through a debt restructuring program offered by CFO.  This must include state court approval of your repayment plan.