Debt Restructuring Services for Michigan Businesses

Business debt restructuring is the process of negotiating with creditors to modify loan terms, reduce principal balances, lower interest rates, or extend payment schedules. Unlike bankruptcy, it’s private and allows you to keep operating your business while making payments manageable.

Most Michigan businesses see payment reductions of 40-60%. The exact amount depends on your debt types, creditor relationships, and financial situation. We’ve negotiated reductions as high as 75% in some cases.

Initial creditor contact happens within 24-48 hours, stopping harassment immediately. Most restructuring completes within 30-90 days. You’ll see first payment relief within 30 days typically.

Less than bankruptcy. While some creditors may report settlements, you avoid the 7-10 year bankruptcy mark. Many clients rebuild credit within 12-18 months after restructuring.

Debt consolidation combines multiple debts into one new loan. Debt restructuring reduces what you actually owe through negotiation. Restructuring typically saves much more money.

Yes. While SBA loans are government-backed, they can be restructured through offer in compromise or payment modification programs. We’ve successfully restructured hundreds of SBA loans.

 No. It’s actually better to restructure before defaulting. Being current gives you more negotiating power and options.

Yes, MCAs are one of the most common debts we restructure. Despite their predatory terms and daily payments, we negotiate with MCA companies to convert them to manageable monthly payments, often reducing the total owed by 30-50%.Content goes here ..

Most creditors will negotiate because they know bankruptcy means getting pennies on the dollar. If a creditor refuses, we have strategies including demonstrating financial hardship, involving attorneys, or restructuring other debts to free up funds for stubborn creditors.

Yes, in most cases. We negotiate to keep essential equipment while restructuring the loans. Creditors prefer getting paid over repossessing equipment they’ll sell at a loss. We’ve helped clients keep everything from manufacturing equipment to company vehicles.

Yes, we help set up IRS payment plans, negotiate offers in compromise, and request penalty abatements. While tax debt can’t be “forgiven” like private debt, we can make it manageable and stop aggressive collection actions.

We restructure debt across all locations, often negotiating better terms by showing the full picture. Sometimes we can use stronger locations to support weaker ones in negotiations, creating an overall sustainable payment plan.

Once we contact creditors and begin negotiations, most pause legal action. They prefer negotiated settlements over expensive litigation. If lawsuits are already filed, we work to settle them as part of the restructuring process.

Basic requirements include: recent bank statements, profit/loss statements, list of all debts with balances and terms, tax returns, and major asset documentation. Don’t worry if you’re missing items – we help gather what’s needed.

Absolutely. Unlike bankruptcy which is public record, debt restructuring is private. Your customers, employees, and competitors never need to know. We can act as your “financial advisors” if anyone asks about our involvement.