SCORE and Corporate Turnaround Release a New Guide on How to Pay Business Debts You Can’t Afford
Washington, D.C. (June 26, 2008) – SCORE “Counselors to America’s Small Business” and Corporate Turnaround have created a free 16-page workbook, How to Pay Business Debts You Can’t Afford. This valuable resource will help small businesses survive when facing economic and financial challenges.
The guide covers some of the most crucial parts of settling commercial debts, including:
· How to determine a monthly budget to pay past due debts
· How to create settlement offers with real-world information
· How to write settlement letters using fill-in-the-blank templates
· How to negotiate affordable settlements with the toughest creditors
· How to stretch out settlements over time
How to Pay Business Debts You Can’t Afford is free and available as a PDF download on SCORE’s home page at www.score.org.
SCORE CEO Kan Yancey says, “SCORE mentors can help small businesses with a variety of financial issues, including loans, cash flow, accounting, taxes and cost reduction.” Yancey adds, “This new workbook will help give small business owners the tools they need to satisfy their creditors.”
“The easy-to-understand strategies in this guide have helped settle more than 25,000 business debts,” says Jerry Silberman, CEO of Corporate Turnaround and co-author of Small Business Survival Book: 12 Surefire Ways for Your Business to Survive and Thrive. Silberman adds, “SCORE clients will learn how to explain their hardship directly to their creditors and gain the best possible settlements.”
Since 1964, SCORE “Counselors to America’s Small Business” has helped 8 million aspiring entrepreneurs and small business owners through counseling and business workshops. More than 10,500 volunteer business counselors in 389 chapters serve their communities through entrepreneur education dedicated to the formation, growth and success of small businesses.
For more information about starting or operating a small business, visit SCORE on the Web at www.score.org. Corporate Turnaround specializes in commercial debt restructuring as an alternative to business bankruptcy. Learn more online at www.dontdeclare.com.
| Company: | Score |
| Contact Name: | Michael L. Keaton |
| Contact Phone: | 202-205-7637 |
| Company URL: | http://www.score.org |
I’ve been waiting for several months to get my loan modification off the ground. It seems they take forever and I wish I had better prepared myself by reading more blogs and articles like this…I think I coulda done better.