Could A Debt Workout Help Your Business?
Bankruptcy may not be the right answer for every business. Often, a business may not qualify, or it is reliant on seasonal operating loans and may wish to do everything possible to avoid bankruptcy on its credit record. If you are in this situation, you do have other options available.
If you own or operate an Illinois business, talk to an attorney at Petti Murphy & Associates about financial reorganization, sometimes known as a workout. We are a debt relief agency* with an impressive record of negotiating reasonable workouts and debt forgiveness plans with banks, vendors and business creditors.
Restructuring Your Debt
You have options when restructuring your debt. They may include:
- Loan modification or refinancing
- Negotiating a forbearance agreement
- Strategically selling certain assets
- Negotiating exchange offers
These are only a few examples. If you cannot create a solid workout plan, we can help you determine if a form of corporate bankruptcy may be the right solution for you.
Call Our Office
Our lawyers provide legal counsel for business and corporate clients throughout Kane County, DuPage County and the collar counties of metropolitan Chicago. Schedule an appointment to discuss your legal concerns with one of our attorneys today.
You can call our Geneva office at 630-457-1691 or contact us by email to inform us of your legal needs. We are open from 8:30 a.m. to 5 p.m. weekdays. Weekend and evening appointments may also be made.
*We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.