When you file Chapter 11, don’t let your lawyer tell you that you need to sell or refinance your business or your property to successfully emerge from Chapter 11!
January 21, 2020 11:30 am Comments Off on When you file Chapter 11, don’t let your lawyer tell you that you need to sell or refinance your business or your property to successfully emerge from Chapter 11!When I ask a future client what their attorney told them they should do to win the Chapter 11 fight, I am often told that their lawyer said to refinance the property/business or sell it outright.
Let’s stop and think about this for a minute: You wouldn’t have filed Chapter 11 if refinancing was a viable option for you at that time and if you wanted to sell or could have sold at a decent price you wouldn’t have filed Chapter 11 either.
Let’s be real clear. There is a reason the bankruptcy law is called Chapter 11 Reorganization and not Chapter 11 Sale or Chapter 11 Refinance: The law is designed to allow you to restructure your existing loans in-place without the need to replace the loans through refinancing or to repay the loans through selling.
Indeed, the bankruptcy code, if properly utilized, enables you to restructure those loans without the approval of the bank, so why in the world wouldn’t you maximize your leverage over the bank and force them to deal? That’s what we do. Maximize your leverage and win.
And by the way, we have specialty chapter 11 financing often through banks at bank interest rates so we can do what others can’t and have financing others don’t.
About Restructuring Advisory Group
For over 25 years, Restructuring Advisory Group has negotiated the discount, refinance, modification and restructure of nearly one billion dollars in loans with major banks and financial institutions nationwide and written and confirmed hundreds of reorganization plans for clients across the country.
We are much more than Bankruptcy Consultants or loan and equity sources: We are experts in Chapter 11 Finance and Chapter 11 turn-around strategies who decades ago successfully restructured our own businesses and real estate projects through Chapter-11: We understand the process from a business owners and real estate investors perspective.
Call or email us
C.H. Brown
RESTRUCTURING ADVISORY GROUP
Ph # 800-357-8247
Website: www.restructuringadvisorygroup.com
Website: www.restructuringexperts.com
Email: RESTRUCTURINGEXPERTS@GMAIL.COM
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This post was written by chbfidd1
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