Business Workouts

Negotiated Solutions to Serious Financial Problems

Business debt problems can reflect any number of causes — tax liabilities, cash flow deficiencies, or a sudden inability to access credit. If business debt threatens the viability of your company, an experienced lawyer can help you while sound alternatives to bankruptcy remain available. Contact an attorney at The Fried Law Firm in Bethesda to learn about your workout and debt restructuring options before your situation gets worse.

Call 866.439.0886 to find out about your business debt workout options

Our law firm concentrates on the resolution of serious financial and tax problems for businesses and individuals. We choose from a spectrum of approaches to achieve the best possible results with the minimum commitment of time, expense and stress.

Because every situation is different, we work closely with each of our clients in order to assess the nature and extent of your debt problems. We also make sure we understand your business goals and any special circumstances that might affect your options.

In a business workout situation, we intervene at an early stage of financial distress with an integrated strategy based on negotiation and compromise. If you're on notice that a revolving secured credit facility will not be extended, or if problems with a commercial landlord threaten to force an unwanted move, our approach can reveal alternatives that probably never occurred to you.

We work with banks, landlords, private lenders and tax authorities

We can usually find ways to work with your creditors to restructure repayment schedules, collateral valuations and interest rates to keep your credit facility out of collection. Even more importantly, we try to find a way to keep your current revenue available to fund your daily operations rather than past-due indebtedness.

You've heard the adage: "When you owe $10,000, you have a problem. When you owe $10 million, the bank has a problem." It's true. A smart secured lender often knows more than you do about your own financial situation, and seldom has any interest in seeing you go bankrupt.

Our ability to help you find cost-cutting measures and productive ways of improving your debt repayment over a given period of time can win you concessions from your major creditors. This works best in the long run for your principals, your investors, your employees and your customers.

Our comprehensive knowledge of business and corporate taxation can also help you achieve similar results with the IRS or state revenue departments. No matter where your business debt pressure is coming from, our experience with workouts can help you buy the time you need to stabilize your financial position.

To learn more about our experience with business workouts in Maryland and metro Washington, D.C., contact an attorney at The Fried Law Firm in Bethesda.