Corporate Turnaround Announces New Resource for Businesses Facing Chapter 11 Bankruptcy

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Financial Difficulties May Not be a Thing of the Past, But They can be Manageable. Corporate Turnaround of Paramus, New Jersey is Working to Help Companies Avoid Bankruptcy and Get Out of Debt.

We help small businesses to get out of debt based on what they can realistically afford monthly. Our clients can refer their problem debt and any persistent collectors to us.

The number of businesses that are filing for Chapter 11 bankruptcy or closing each year is staggering. Many businesses are unable to keep up with their mounting debt. Business owners and entrepreneurs looking for a way out from under their debts will find that Corporate Turnaround, a business that has been helping other businesses since 1998, offers an excellent solution. is Corporate Turnaround’s latest website through which they provide an alternative to suffering overwhelming debt and help business owners to create a realistic monthly payment plan that will enable them satisft thier debt load based on what they can afford. The service offered through Corporate Turnaround’s new website analyzes the debts and financial condition of each client in order to determine what is the best solution for their unique situation. provides a service that helps businesses to meet their debt obligations despite the limited cash flow of the business in question. Unlike business debt consolidation, which typically involves acquiring a loan to pay off outstanding debts, their service negotiates with the creditors in order to establish a monthly budget that is affordable and will permit businesses to pay off mounting debts. The debt restructuring service provides a vehcile to repat the debt over a long term payment plan, improving quality of life by dealing with creditors and attorneys.

Senior Vice President of Marketing Robert Hermann is quoted as saying, “When a business contacts us, there are usually serious financial issues. Revenues have dropped. Bills keep coming in and there's just no way to pay them all according to their current demands. They can't come up with the money to satisfy all of their creditors today. Our program gives small business owners the breathing room they need to get back on their feet.”

He goes on to say, “Thousands of businesses are being forced to close their doors because despite their good intentions, they can't come up with the money their creditors are demanding. We help small businesses to get out of debt based on what they can realistically afford monthly. Our clients can refer their problem debt and any persistent collectors to us."

Thanks to Corporate Turnaround’s program, small business owners and entrepreneurs are able to get out from under the burden of debt without having to declare chapter 11 or corporate bankruptcy. Most business debts are handled by the debt restructuring program, which is designed to give business owners a chance to be successful despite the many debts that currently overwhelm them. The debt restructuring service helps business owners to be able to pay off their creditors by setting a monthly payment that they are able to afford.

About the company: is a service offered by Corporate Turnaround, a company that has been helping business owners with their financial difficulties since 1998. Corporate Turnaround has resolved over 35,000 debts and worked with over 9,000 business owners. The company's primary service is providing a realistic plan for the debt restructuring of small businesses.

For more information on Business Bankruptcy, or to contract their services visit or call 866.876.5938.

Media contact:
Robert Hermann
Corporate Turnaround
95 Route 17 South
Paramus, NJ 07652
Telephone: 866.876.5938
Email: info(at)corporateturnaround(dot)com

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