As people and businesses grow and evolve, their financial situations naturally change. When facing financial distress, many worry that bankruptcy is their only option and view it as the last possible resort, waiting until all other options seem to be gone before talking with an attorney. While bankruptcy may be the best option for some, it is not a one-size-fits-all matter. The attorneys at DelCotto Law Group recognize that everyone’s financial situation is unique, and they objectively assess each client’s individual concerns to determine if debt restructuring, also known as a “workout,” is a viable alternative to bankruptcy.
Debt restructuring is an out-of-court negotiating process with a business or individual’s creditors through which the borrower may reach agreements with its creditors to realign debts in a way that allows the borrower to satisfy its financial obligations. The professionals at DelCotto Law Group understand that financial transactions like these are often time-sensitive and urgent, and we promptly respond to clients' issues and concerns. We strive to provide proactive, creative, and effective solutions in a fast-paced setting.
Attorneys at DLG have handled debt restructuring and workout cases for both borrowers and lenders, which provides them with insight into the concerns and drivers for those sitting on both sides of the table.
From debt/cash flow problems to collections, if there is a solution other than bankruptcy, the attorneys at DelCotto Law Group will find it. We are most effective when clients reach out to us early in the process, so if you find yourself or your business in financial turmoil, please consider contacting us as soon as possible. Our attorneys will fully evaluate and discuss all possible options with you, and carefully consider the short- and long-term effects of each option, so that we can help you navigate the best path for addressing your financial concerns.