Testimonials
business bankruptcy alternative“I came to you in March of 2005 just about out of options and in financial trouble to say the least. My business of 17 + years was losing way too much money, much from the result of hurricane Charley hitting the community south of me and making everyone in the area’s life a mess. I was $120,000 of credit card debt in the hole!

I knew I had to do something because I was only paying interest on 12 + credit cards. I always thought my business would get better, but never did, not until I spoke with Adam and Corporate Turnaround.

Before talking with Adam I spoke with a bankruptcy attorney. It didn’t make sense to me that they wanted to garnish a non-existent paycheck. To be honest with you, bankruptcy just didn’t sit well with me at all. I wanted to pay my creditors off, not bail out on them and file bankruptcy. I decided CT was my best option. Adam was always supportive and very reassuring during the entire process. He always advised me on what to expect from the creditors, how to deal with their tactics, and always being there when I needed guidance.

Today I am finally in the black (CT saved me 60K) but I still decided to close the doors of the business. I now feel REAL FREEDOM to make more money working for another optical which allows me to be a provider for my family and to be a proper husband to my wife. Adam, you have given me my life back along with my self-esteem.”

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“Just wanted to tell you how happy I am with the help you gave me in my debt restructuring. I was ready to close my company when I received a flyer from Commercial Credit Counseling; this was about six months after talking on a new business partner, who helped almost destroy my life’s work.

I began speaking with you about my options and what we might be able to do to help preserve my company and maintain my sanity. I was completely skeptical about signing with CCC, having heard multiple horror stories from other people who had tried debt restructuring without much success. Unfortunately, I was getting so many collection calls and things were not improving on their own. There was an inclination to just file bankruptcy and be done with it, but I didn’t want to dishonor the legitimate debts that I had acquired for I had always maintained a good credit rating with my suppliers over the years.

Against advice from my wife, partner and others who wanted me to go with a non-profit debt consolidation company, I decided to interview past clients of CCC that were furnished to me by you. I was informed by them of their total satisfaction with CCC and one client in particular had debts of twice the amount of ours. So I was convinced you would do the same for me.

You warned me that I would still get a lot of collection calls with lots of threats, but if I was insistent, that if they wanted the debt to be resolved they would have to call CCC. As soon as I received those collection calls I would call you with that company’s contact information and let you make the calls and deal with the stress. Most were stubborn at first and some held out for over a year, but they finally came around. You worked hard to get the debts resolved and help keep my mind at ease. You always responded quickly with any problems that needed to be addressed ASAP.

When I originally signed with CCC in October 2005 the company was approximately $275,000.00 in debt, and making no payments on time. It is now February 2007 and we have about 4 months to go and our old debt will be paid off. I have managed, with the help of you to bring my business back and have actually preserved my integrity and credit with several of my suppliers. I would recommend CCC highly to anyone who may need a recommendation.”

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“After several years of owning my business, I found myself in a situation that I am sure many small business owners do, which is mired in credit card debt and no way to secure the funds necessary to free myself. I did not want to even consider bankruptcy, but I was unsure if there was another option.

After consulting with Adam at Corporate Turnaround, I realized that there might be a way to settle my credit card debt without filing bankruptcy. Using their program, I was able to continue to run my business, settle my debt, and save over $50,000. It took almost two years to accomplish this feat, but without the help of Adam and Corporate Turnaround, I would have surely lost my business.

I would recommend Corporate Turnaround to any business owner who finds themselves in the same unfortunate situation.”

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“When we started with Corporate Turnaround in August, 2003 we felt like our only option was bankruptcy. We were swamped with debt and out of hope of ever getting out without a bankruptcy, which would follow us forever. If we filed for bankruptcy, how would we ever get another house? New Cars? Loans for our kids to go to college? How would we look ourselves in the mirror? CT seemed like a ray of hope in our dreary world of debt. Then people started to ask me about the program. How did I know they weren’t taking the money and not paying the creditors? Then I realized CT would have been out of business long ago if they were playing that game. I talked with our lawyer and he said programs like CT are a good alternative to bankruptcy.

After we started the program I saw the settlements start and the payments being made and I felt reassured. The phone calls didn’t stop overnight, like they would have with bankruptcy, but we feel like we are being responsible by taking care of our debt. We spent the money, we feel like we should pay a portion of the debt. Now we see this debt going away in a matter of years, not decades. We see that our credit can be rebuilt in a matter of years instead of being tarnished forever. We can simply tell people who call to contact CT and we don’t worry about it any longer. It is also wonderful to be able to call the person who handles our file at CT and ask, “Should this concern us? What should we do about this phone call or letter?” Dealing with a company like CT takes a lot of fear out of the whole situation.

After we had been in the program about two years I think we got a little restless. We saw this huge amount of money going out each month and we saw thousands of dollars in the hands of CT. I think after the phone calls have stopped and once life has adjusted around the payments it is easy to forget how much you are saving just in interest payments alone. We got testy and we wanted out. Sometimes we looked at the statements and couldn’t figure out why it wasn’t over yet. However, our contact person at CT assured us that we were on the right track and we were close to the end.

We had two accounts that were really stubborn, but finally settled. Then, just like that, we were done. We finished three years to the day after we started. While we were in the program we had two friends who filed bankruptcy. However, after completing the program and settling all of our debts to the satisfaction of our creditors my spouse and I feel a great sense of pride and relief. We did it! We had debt over $66,000. We are both teachers and we have three children and with the help of CT we were able to get out from under the weight of $66,000 in only three years. Truly amazing! It wasn’t easy, but it was worth it.

After we started the program with CT we closed the doors of our business for personal reasons. However CT had helped us get back into a position where we could financially continue with our business had we wanted to. Corporate Turnaround is a smart alternative for small business that need to spend less time concentrating on the books and more time focusing on the business that needs to get done.”

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“Like many small businesses, our company experienced tremendous financial hardship following the events of 9/11/2001. In addition to a decrease in revenues, we were faced with a frivolous lawsuit, relocation, a partner buyout and an unprecedented amount of non-collectable receivables. Within a 6-month period, our company went from stable and profitable to being on the verge of bankruptcy. The phone rang continuously with debt collectors threatening to take everything in the business as well as my personal property.

After seeking the advice of many trusted friends and colleagues, I concluded that bankruptcy was probably my only viable option. However, I could not bring myself to give up on a business I absolutely loved nor be out of integrity with myself by filing bankruptcy. I began searching for another way to turn things around and discovered Corporate Turnaround on-line.

After my initial phone call, I felt a sense of relief just to know that there could be help on the way. Ignoring all of the advice I had received up to that point, I decided to start working with Adam and turned over $250,000 in debt as well as several judgments already filed against me and the company. Within 1 month, I knew I had made the right decision. Adam went to work immediately and the harassing calls stopped. I was able to bring all of my focus back to running the business, to increasing revenue and profits.

It has taken only 3 years to completely pay off the reduced debt and the savings has been tremendous. Today my business is thriving, my integrity is intact, and I know that working with Corporate Turnaround was the best decision I could have made.”

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“We want to take this opportunity to say ‘Thank You’ very much for your help in our time of financial need. Yes, we listened and you delivered. We must say at the outset, we were beginning to doubt; but with reassurance from the ones handling the account we continued to listen and now these debts are paid.

We would have never gotten these accounts taken care of in the sane amount of time that you have gotten them paid. We realize that id we hadn’t called you, we would probably either be still receiving phone calls wanting payments or we would have been forced to file bankruptcy. We appreciate that you were there to help us. We don’t think we could have made it without your help.

Hopefully in the future we will not be in the same situation; but if we do find ourselves in this situation, we will definitely call you again. We are willing to be a reference for you to anyone else that may be considering using your services to help in their financial difficulties.”

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“What can I say about a company that is the answer to your prayers?

I sure my story isn’t any different than any other business owner. Things in life just tend to happen when it’s least expected.

We bought our store 3 months before 911. At the same time, I had a daughter accepted to Cal Poly San Luis Obispo. With the falling of the “Towers”, our economic outlook was suffering from the fallout. As most often do, we used our credit cards to try to save our business. Then weeks would go by and no business. Nothing to cover our overhead. We considered bankruptcy more than once, but the thought of running from our obligations was not what we wanted to do. Along comes ‘Corporate Turnaround.’

I can’t tell you how easy it was to make a transition to our ‘Savior.” We filled out some paperwork, (very easy) and built a relationship with our account advocate. This person, Adam, worked tirelessly with our creditors to help clear our debt.

In the few years we worked with Adam, I had to put up with some of the worst calls from our creditors! They did everything and anything to intimidate me. Threatening calls, worst than just harassment. These only added to our stress, but then there was Adam. Who was there to explain some of the horrible tactics these people would use. He handled everything! Although there were times when he had to work even harder on our behalf… he worked a MIRACLE! We are out of debt!

I would highly recommend Corporate Turnaround to anyone facing hard business decisions like ours. I learned that even in today’s world, I found a company that delivered on all the promises they made. I also learned patience! Knowing that you have someone working on your behalf made you feel as though you really aren’t alone in things of this matter. Mostly, they gave me my life back and I can feel that I owe them so much more."
 






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