There Is Always "hair" On A Workout. Yes, Each Workout Is Unique

A workout is always a unique experience.

Every workout is different.

Every workout requires a focused, specific strategy to handle the unique aspects of the particular fact pattern that the situation requires.

Every debt workout has its own twists, its own issues and its own demands.

It may be a particularly tough landlord who will sue on the defaulted personal guaranty and not negotiate.

It may be a tough second or third lien holder who refuses to accept zero, despite the appropriateness, and holds up a transfer or sale or a conclusion of some sort.

It may be a difficult lessor of equipment not willing to accept our offer.

Maybe it is a spouse unwilling to accept the proposed strategy.

It could be the issue of a large and valuable–––but difficult to collect–––accounts receivable aging.

It could be large inventory or expensive collateral not worth much even at auction.

It could be co-guarantors with collateral and net worth.

Maybe it is a home with no mortgage, thus not upside down at all.

Maybe it is a partner who does not want to do a workout.

It could be license issues, contracts in process that cannot be assigned or minority-owned status that is important to maintain.

Maybe it's cross-collateralization by other profitable business entities owned by borrower.

The list of unique possibilities and unusual issues goes on and on and on. Every workout is unique. The strategy may be similar but the unique facts of each situation requires a fresh review and a creative application of our skills to successfully protect and support a successful workout. The important point to understand is that we recognize this fact and do not employ a "one strategy fits all" approach. Quite the opposite is true. Every workout is unique and requires an adapted strategy designed to handle the specific issues of each unique workout situation. Never are two the same. Never are two inclusive of the same challenges. Every workout must be designed for the specific problems encountered in the workout being addressed.

Yes, there is always "hair" on every debt workout, i.e., unique facts that make each workout special. We know this, and thus it is exactly how we approach every unique situation, giving it what it needs. This is one reason why we are so successful at what we do. We treat every workout uniquely, specifically and with great respect for its nuances and differences.

This works. Call us. Examine your options. This is the only place to turn for alternative solutions, alternatives to disaster. Call 413-584-2581 and Norm will arrange a no-obligation teleconference to discuss your situation.