Results 1 to 16 of 16
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01-10-2019, 03:02 PM #1
Business Debt Settlement
Does anyone see a value in working with a business debt settlement company
for clients that have judgements, lawsuits or just bad business debt?You either win or you learn. The only failure is in quitting.
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01-10-2019, 03:09 PM #2
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Holy mother of god
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01-10-2019, 03:21 PM #3
WOW, good thing you dont have your company in your signature because if lenders saw you say that they would cut you off in a second
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-10-2019, 03:29 PM #4
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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01-11-2019, 01:36 PM #5
- Join Date
- Apr 2018
- Posts
- 9
I thought they were cracking down on idiots on this forum.
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01-11-2019, 01:41 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
So these debt settlement companies coach-up the merchant to default on their MCAs by switching bank accounts, and then charge the merchant a fee to negotiate a settlement with the MCA companies. They are literally coaching them to break MCA contracts.
Why would you think that it would be OK to work with them? they are the arch enemies of all MCA funders. What funder would trust you if they knew you were working with a debt settlement company?
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01-11-2019, 01:47 PM #7
- Join Date
- Nov 2016
- Posts
- 166
....
Last edited by swiftcloser; 01-28-2020 at 09:54 AM.
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01-11-2019, 01:51 PM #8
- Join Date
- Oct 2016
- Posts
- 4,318
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01-11-2019, 01:56 PM #9
- Join Date
- Jan 2014
- Posts
- 1,378
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01-11-2019, 02:00 PM #10
- Join Date
- Aug 2017
- Posts
- 249
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01-11-2019, 02:10 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
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01-11-2019, 04:15 PM #12
- Join Date
- Jun 2017
- Posts
- 24
They are a scourge on the industry. Parasites.
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01-11-2019, 04:32 PM #13
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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01-16-2019, 04:16 PM #14
Ok this got taken all wrong, I was looking more along the lines of non-mca debt to free up cash flow and/or then providing funding for discounted (again) non-mca debt
You either win or you learn. The only failure is in quitting.
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01-16-2019, 04:19 PM #15
Actually, YOU got it all wrong. None of these folks on this site want anything to do with debt settlement companies. the ones that secretly do, would NEVER, EVER admit it here....for fear of being blacklisted
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01-16-2019, 04:26 PM #16
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
JDLaw,
There is a HUGE difference between debt settlement companies and true corporate restructuring advisors also referred to as turnaround management firms. One of the better one in the South East is GlassRatner. I stay close to them as I find them to be a valuable referral source. They usually get involved when something not so pleasant happens to lower middle market or middle market companies that have traditional credit facilities with banks, mezzanine funds, and some larger alternative lenders. F
I saw 6 very large deals this week from corporate restructuring advisors.
I also like owrking with them as they are usually hired to take a very deep dive and uncover a lot of thinks that might have otherwise been missed if a deal came in over the transom.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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