American Corporate Turnaround specializes in helping companies reduce and restructure their account payables. We handle all aspects of the resolution process including taking all the creditor calls, freeing up time for the owner to run their business. We do a financial analysis of the company’s financial situation to determine if ACT is the best solution. We then review each creditor looking at factors such as the amount and age of debt, relative importance and a host of other factors. Working with the business owner, we determine an affordable budget for paying creditors taking into account income, reserves, crucial expenses and worst case scenarios.
There are many reasons why companies choose to restructure their business debt, here are a few:
- Increase Cash Flow
- Reduce Business Debt
- Improve Balance Sheet for Financing
- Avoid Bankruptcy