Debt Renegotiation and Restucturing Solution

Through this program, we assure the creditor their monthly payments based on cash flow possibilities of the client (Previously negotiated with the creditor). To do this, the client agrees to have Southwest Credit manage the main checking accounts, as well as receive all of the income produced by the client – where the client gives Southwest Credit a weekly report of disbursements needed for the following weeks, which after the funds for creditors and IRS are secured, is transferred to an operations account for the customer to use.

Southwest Credit will make an analysis of client’s cash flow possibilities to pay off past due debts. Client needs to give Southwest Credit its Account Payable Aging, Lease Payables and Financing Payables, explaining past due for each account for restructuring and the last conversation with creditor along with any other pertinent information. Also, Client will give its Account Receivable Aging, explaining collections’ problems for each account, last Income Statement client has and a rough estimate of future sales and income generating business. From this information, Southwest Credit will ascertain a possible payment plan with client. This past has a fixed fee to be paid to Southwest Credit, which will depend on complexity of information and analysis.

If Southwest Credit’s analysis results in a viable plan, then Southwest Credit will present the plan to creditors. This phase has a fixed Fee to be paid to Southwest Credit, which will depend on details of each plan and number of negotiations to make.

If creditors accept payment plan, then client pays a success fee to be determined case by case.