Case Studies

Case Study: Reducing $623,000 in Business Debt Through Subchapter V Reorganization

Case Study: Reducing $623,000 in Business Debt Through Subchapter V Reorganization

Not every business debt crisis involves a dozen creditors and years of stacked financing. Sometimes it’s just two lenders — but the numbers are still enough to sink a business if nothing changes. That was the situation in this case. The situation This business was carrying debt with two creditors: a secured and unsecured balance

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Case Study: How One Small Business Escaped SBA Loan Default and Stacked Merchant Cash Advances Through Subchapter V

Case Study: How One Small Business Escaped SBA Loan Default and Stacked Merchant Cash Advances Through Subchapter V

Small business owners rarely end up buried in debt because of one bad decision. It’s usually a chain of them — a slow season, a gap in cash flow, and then the fast, expensive financing that seems like the only way to keep the doors open. That’s exactly the pattern we saw in one of

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Case Study #1: The SBRA reduces total debt by $245,848, monthly payments by $6,760, saves a restaurant that is on the verge of closing and wipes out personal guarantees.

Written by Steven E. Cowen, Esq.Attorney, Debt Solution Law Group | State Bar of California #132988 | Full attorney bio → The Business Owner’s Situation Let’s take a look at how the SBRA works in a situation where a married restaurant owner doing business as a corporation has personally guaranteed the business debt. The owner

Case Study #1: The SBRA reduces total debt by $245,848, monthly payments by $6,760, saves a restaurant that is on the verge of closing and wipes out personal guarantees. Read More »