Cleveland Business Debt Restructuring Lawyer
Ohio Attorney Representing Commercial Clients in Debt Restructuring
Businesses as well as individuals are facing an uphill battle as the economy in the U.S. struggles to recover. Many businesses are seeking solutions to the debts they have incurred. One way is through business debt restructuring. This does not get rid of the debt but allows businesses to repay what they can on their debts and continue their daily operations.
At the Gregory R. Glick Co., LPA, we provide clients with tailored business debt restructuring representation and guidance. Our years of experience handling debt restructuring and business law issues aid us in effectively protecting your rights and business while seeking out a fitting resolution to your situation.
Through our experience dealing with business debt issues, we have discovered that many lenders are scared to renew their lines of credit with businesses, leaving lots of businesses without options. We are able to represent you to the lender and attempt to secure your credit or loan for the future while structuring a plan to address the debt you have already accumulated. We may also be able to:
- Create a new payment plan
- Secure a new interest rate
- Adjust the amount of credit
- Adjust security for the credit
Many of our clients in debt restructuring cases are manufacturing businesses and distributors. These types of businesses have a revolving line of credit which they use to purchase new inventory and buy new equipment. We can assist in repairing this credit if it has been damaged, allowing businesses to continue to operate and begin repaying the debts they owe.
For our perspective on your business debt restructuring or commercial reorganization, or to schedule an appointment, please contact us.