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"I cannot begin to express my gratitude for saving me several court appearances, garnished wages, and about $30,000."
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You handled this debt in a fast and cheap way after years of bill collectors trying to make us feel guilty of something we didn't create.
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Corporate Bankruptcy Rises 44% as Business Debt Settlement Alliance Helps Businesses Avoid Bankruptcy: Chapter 7 and Chapter 11


In fighting the unstable economy, tax and accounting firm, Leiman & Associates refers business clients to Debt Free League to help business owners gain essential debt relief. On top of saving money from their 2009 tax returns, their cash-strapped clients can rejoice the 2010 New Year by putting more money in their pockets from personal and business debt settlements.



Neil Leiman, Leiman & Associates President


January 3, 2010 -- At a time of skyrocketing business failures and corporate bankruptcy filings, a unique bankruptcy alternative is helping some companies turn the tide. The business debt settlement service is helping business owners survive the volatile economy.


Presently, many small businesses across America are unable to withstand the nation's financial crisis. Banks aren't issuing credit. Businesses are unable to obtain capital to operate and attract new customers. And cautious consumers are penny-pinching. The residual effect is causing business profits to plunge.


The rigors of the current economy are also forcing employers to lay off staff and terminate key employment benefits, such as medical insurance. Plus, business debt is rapidly escalating.


And business bankruptcies are on the rise.


According to credit analyst, Equifax Inc., as of September 30, 2009 national business bankruptcy filings were up 44%. California was worst hit, with small-business bankruptcies up 81% for the 12 months compared with the previous year.


Roughly 19,000 small businesses in the state filed for bankruptcy. Los Angeles, Riverside, San Bernardino, and Sacramento had the highest rate of small-business bankruptcy filings.


Responding to the crisis, the Obama administration pressured bank executives to open up credit lines to small businesses. Stimulus money was also proposed.


Despite the federal push, emergency financial relief is more feasible from a visit to a bankruptcy lawyer. However, Leiman & Associates is referring their tax clients to call a Debt Free League financial adviser.


The financial planner finds the debt settlement company can help his clients avoid a personal or Chapter 11 business bankruptcy.


The company's negotiators reach out-of-court settlements of unpaid personal and business debts with creditors, which can help a business to increase cash flow.


Neil Leiman, President of Leiman & Associates is a prime example.


Leiman, a Social Economics professor, never imagined that, ten years ago, he'd be battling to save his company. A while back, his bustling tax and accounting firm, which incorporates business start-ups, had endured some heavy losses. Many of his clients were going out of business.


When company receivables hit rock bottom, he had to downsize and lay off staff to stay afloat. Unable to get a home equity loan, he kept dipping into retirement savings to pay his mortgage and late credit card bills.


Fortunately, he escaped bankruptcy after a debt settlement program came to his rescue.


Leiman attests, "I'm a firm believer in debt settlement. It helped me pay off $68,000 in personal and business debt. As a result, I saved $32,000 and also managed to refinance my mortgage loan at a lower rate."


As the economy toughens, more corporations are using debt settlement as a smarter solution to overcome their financial challenges.


While consumer credit counseling only works on consumer debt, debt settlement negotiates commercial business debt as well as medical debt. Many also favor it over Chapter 11, which controls how much business debt must be repaid and generally requires business assets to be liquidated. In contrast, the procedure adapts to the debtor's financial situation. Business assets are also seldom at risk.


Leiman adds, "Because debt settlement allows my clients to reorganize repayment of their business debts, it gives them adequate liquidity to function, allowing them to avoid bankruptcy , or spend thousands of dollars on attorney fees and endless months in court." He also praises how practical it was for him.


However, he cautions to look for an experienced debt settlement company.


Aside from having the lowest fees, he endorses Debt Free League because they have an in-house, top-notch debt negotiation department. Many others outsource this vital service.


The company can work with original creditors, collection agencies, and collection attorneys. Some of their settlements can be viewed online at


Vice President, Eric Santacruz advises, "Our ideal business client is someone who is self-employed, who is suffering from low sales, low capital, or slow or uncollectable receivables."


The company can also negotiate other unsecured business debt, such as corporate credit cards, business loans, equipment lease defaults, past-due accounts, creditor judgments, and vendor contracts.


About Debt Free League:

Debt Free League offers a debt settlement program that helps consumers and small business owners resolve financial hardships by negotiating settlements on personal, medical, and business debts. Free phone consultations are available by calling (800) 213-9968.


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