Negotiate With Creditors

BUSINESS DEBT [Our Approach]

We are living in times of immense economic uncertainty. No business sector seems to be immune from the prevailing economic turmoil.  Irish businesses on a daily basis are experiencing severe financial difficulties.  The key difficulties facing businesses at present can be summarised as follows:

• Severe cash flow problems coupled with an inability to secure financing.
• The significant fall in commercial property prices and related land banks.
• Total loss of consumer confidence leading to a collapse in business activity.
• An unexpected increase in bad debts arising from the severe downturn in key industries such as construction, retail and manufacturing in Ireland.
• The cost of doing business in Ireland has increased dramatically over the past decade. This has led to the continuing erosion of profit margins within most industry sectors in Ireland.

The above list is by no means exhaustive. Every day, we at Debt Consultants help businesses nationwide to devise proactive and practical strategies to survive this unprecedented recession. 

Our expert restructuring team will focus on the key issues affecting your business. We will endeavour to mediate between you and your creditors, including financial institutions and the Revenue Commissioners, to help resolve your present difficulties.  

Our objective is always to try and reach out of court resolutions with your creditors on your businesses behalf.  We recommend to clients to take a decisive approach to the issue of debt resolution. Devising a solution for under-performing businesses and assets will enable us to present a detailed proposal to your creditors as soon as possible for consideration. This strategy can only benefit you and your business in the long term.