COTTE @ & A’s For Small Businesses In Debt (NAPSA)—Encouraging news for small organizations who want to pay their creditors, but cannot beeause of poor cash flow, may be found in these frequently asked questions about debt restructuring. The answers were supplied by experts at Commercial Credit Counseling Services, an organization whose goal is to develop a pian that debtors can afford and creditors will accept. Q. Why should I restructure my debts? A. To avoid the pain and costs associated with bankruptcy and htigation and to stop the harass- ment from creditors, collection agencies and attorneys. Debt rastrachiring will helo you satisfy your creditors with an affordable monthiy payment and let you focus on business development, rather than putting out fires. @. Under what conditions is debt restructuring most effective? A. Whenyou are being sued or when a secured creditor is contemplating foreclosure because of your financial condition. If is alsa an effective response when you're unable to get the financing necessary to paycreditors. Q.How can you settle so much debt for such low monthly payments? A. The key to suecess Hes in the budgeting of payments. Credi- Debt restructuring often benefits both debtor and creditor. tors are offered several settlement options. The smaller the settlement, the quicker they'll be paid. The more they want, the longer the payout. No matter which option creditors accept, you win because all settlements are within your budget. One of the major reasons creditors refer debtor customers to credit counselors such as CCC, is because not only do they help their customers in their greatest time of need, but the creditors also gat paid on debts that otherwise would have been lost to hankruptey. More information about debt restructuring is available by calling Commercial Credit Counseling Services at 800-411-1113 or by visiting its site, CorporateTurnaround.corn,
