Commercial Debt Counseling Corporation’s debt mediation and restructuring program satisfies creditors who:

1. Require a consistent monthly payment to prevent a mandatory write-off by auditors, from the best attainable options given the debtor’s ability to pay.
2. Require full and honest disclosures regarding the legitimacy of the financial plight of the business (without the expenses of litigation or the bankruptcy process).
3. Benefit from a partial write-off along with an immediate payment or desire a short-term settlement that will cover their costs.

   See how our restructuring solution added value to a construction company's pre-sale balance sheet.

4. Are unsecured and wish to become secured by cooperating and eventually even be rewarded with payment in full. Cooperating creditors gain a preferential status in the event of a liquidation.
5. Understand that it is in their own self-interest to avoid litigation or bankruptcy.
6. Would prefer to deal with a fully bonded intermediary who will intercede to assure the business has a realistic plan to restore it’s financial health that is fair and equitable to all cooperating creditors (recognizing that some may have different needs).

Commercial Debt Counseling Corporation (CDCC) provides comprehensive, customized options for restructuring your business related debt

First, a client’s ability to make minimum payments on a monthly basis is determined, along with the existence of any collection agency assignments, lawsuits, liens, levies or judgments. Debt will then be categorized between secured and unsecured. Thereafter, the submitted payables are verified with the respective creditors by our counselors and the mediation process is initiated (taking vital supplier status into consideration) so that a realistic restructuring solution with flexible options can be developed. At this point the collection calls will stop as CDCC intercedes as your representative.

A realistic restructuring solution must be fair and tailored to meet the minimum requirements of the creditors, as well as the client. Cooperating creditors must be assured that measures have been taken to prevent litigating creditors from by-passing the process or gaining a priority status.

Debtor clients must agree to disclose all information pertinent to the restructuring and provide an affidavit attesting to the truth and accuracy of the disclosure. Since all creditors are satisfied from one affordable monthly installment, the client’s only other responsibility is to fund the budgeted deposit as agreed.

Then, as your buying power is restored with key suppliers, the program encourages ongoing business relationships. Furthermore, since a restructured solution yields more to creditors than litigation or bankruptcy, self interest compels creditors to agree to a realistic plan.

CDCC's Debt Management Program provides creditors with flexible options

Despite a client’s serious financial condition, a Debt Management Program offers creditors with several efficient payment options. These range from an immediate settlement for a substantial reduction, to a deferred but full payment. All settlements must comply within the budgetary constraints of the DMP’s monthly installment.

The larger the accepted debt reduction, the sooner they get paid. Likewise, the less the debt is reduced, the longer the payments will be deferred. Thus, the final settlement relates entirely to the time extension a creditor is willing to give you.

Creditors are given several options to reduce their risk and maximize their total payments. The mediation of a realistic restructuring solution to satisfy creditors is normally completed by our counselors in approximately six (6) weeks.