No matter how wealthy or powerful a client is, there is always a moment when their worst fears surface,
Orlando, FL (Vocus/PRWEB) June 07, 2011
Recent studies have confirmed what millions of Americans already know too well: individuals suffering financial distress and diminished financial wellbeing are more likely to also suffer emotional health risks. Unfortunately, too many individuals assume that the emotional scars of financial distress will disappear once the financial distress has been mitigated – or believe that they are doomed to suffer emotionally and financially through troubling economic times. Covendium, the nation’s largest debtor-side commercial debt restructuring and advocacy firm, explains how they help clients work through the feelings that come up during the recapitalization process.
“No matter how wealthy or powerful a client is, there is always a moment when their worst fears surface,” recounts Doug Long, President of Covendium. “The thought of losing everything – whether real or imagined – is so emotionally powerful that we saw the need to provide our clients with an outlet to work through their personal issues while we tackled their financial ones.”
Covendium is unique in its approach to resolving its clients’ financial distress. In addition to providing a thorough debtor-rights analysis and debt resolution evaluation, every new client is given access to a member of Covendium’s Emotional Support Staff, and the opportunity to work with a Licensed Mental Health Counselor or Executive Coach, depending on the client and his or her family’s needs and personal goals. “When my husband came home and told me the whole story of our financial situation I was scared, angry and embarrassed. Having someone to talk with through the process saved our marriage,” responds a Covendium client who wishes to remain anonymous.
“When I talk to clients, I like to emphasize that they have choices,” mentions Bridget Cooper, Ed.D., a member of Covendium’s Emotional Support Team. “Accepting that they (the client) have a financial problem is a large step, but it is equally important to acknowledge that they can choose not to have their financial distress affect their relationships with their families and their own self-worth,” Dr. Cooper stresses.
John Hyltin, Managing Director of Resolutions for Covendium, sums it up best: “The Covendium team is expert at resolving its clients’ financial issues, but an emotionally healthy client makes for a less contentious negotiation and allows the entrepreneur to put past problems behind them and be positive about future business endeavors.”
For more information about Covendium’s emotional support services, or any of Covendium’s products or services, call them at (407) 284-4000, or view them on the web at http://www.covendium.com.
Covendium specializes in comprehensive commercial debt resolution and restructuring for clients whose financial model has been destroyed by debt service payments that have become unsustainable.
For some clients, all they need is an experienced negotiator to provide their lender with the reality of the financial situation and the tool-set to restructure their obligations. For other clients, Covendium may assist in the replacement of the debt from a bank to a private funding source.
Their team of professional advisors has successfully restructured billions in transactions, with dozens of banking institutions (including major national, regional and community banks) and over 30 separate non-bank financial counterparties.
Bad things happen to good people. Covendium is a premier national debt resolution firm that helps their clients with everything from commercial foreclosure in Charlotte to recapitalization in Miami to unpaid principal balance in Phoenix to discounted pay off in Chicago.