Chester County Debt Restructuring Attorney Assisting Business Owners

Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity so that it can continue its operations.

Replacement of old debt by new debt when not under financial distress is called “refinancing”. Out-of-court restructurings, also known as workouts, are increasingly becoming a global reality.

For some business owners, declaring bankruptcy isn’t a practical option.

There may be circumstances preventing them from filing, or they may simply wish to avoid it. The Law Offices of Christopher C. Carr, offers commercial debt restructuring services to keep business owners out of bankruptcy court. Attorney Christopher C. Carr helps business owners manage their debts in ways that are fair and reasonable.

Find out what commercial debt restructuring means

A commercial loan workout is a plan that reorganizes your company’s debt. By restructuring your debt, you may be able to retain control of your business while avoiding:

  • Defaulting on your loans
  • Going into foreclosure
  • Auctioning off your property
  • Sheriff’s sales

The Law Offices of Christopher C. Carr, offers assistance to business owners who wish to avoid losing their companies. Mr. Carr is a bankruptcy lawyer in Coatesville PA. who helps businesses of all sizes to reorganize their debts when refinancing isn’t possible.

For some business owners, declaring bankruptcy isn’t a practical option. There may be circumstances preventing them from filing, or they may simply wish to avoid it. The Law Offices of Christopher C. Carr, offers commercial debt restructuring services to keep business owners out of bankruptcy court. Attorney Christopher C. Carr helps business owners manage their debts in ways that are fair and reasonable.

The benefits of commercial debt restructuring

The primary goal of the Law Offices of Christopher C. Carr, in debt restructuring cases is to protect business owners from losing their companies while paying off their debts. As a commercial debt restructuring lawyer in West Chester,  Glenmoore, Lionville, Exton, Thorndale, Downington, Coatesville, Parkesburg and Cochranville PA, Mr. Carr personally handles loan workouts between business owners and creditors. Some of the benefits of his services may include:

  • Lower payments: Composition is a form of debt restructuring that eliminates part of your original debt. Mr. Carr negotiates with your creditors to accept less money than you actually owe.
  • Longer repayment periods: An extension occurs when your creditors allow you more time to repay your debt. Mr. Carr negotiates on your behalf for longer repayment terms for your loans.
  • Knowledgeable representation: The laws regarding commercial restructuring are complex and can be difficult to navigate. With Mr. Carr, you have the benefit of working with an accomplished attorney who has more than 30 years of practical experience in the field.

Make an appointment for a free initial consultation with a competent Chester County commercial debt restructuring Attorney

The Law Offices of Christopher C. Carr, is devoted to helping business owners retain control of their businesses. Mr. Carr personally represents his clients’ interests. To schedule your free initial consultation, contact the firm by phone at (610) 380-7969 or Email us.