RMG Offers Services Free to A Victim of Sandy
November 7, 2012 by Christopher · Leave a Comment
We understand that everyone in the NY Metro area has been affected by the devastation which was Frankenstorm Sandy. Although the storm wiped away a lot, it hasn’t wiped away the real world problems that still affect thousands of small- to medium-sized business owners in the area.
To that end, The Reorganization Management Group wants to help.
We know that your debt crisis isn’t going away any time soon… vendors are going to pursue their claims, liens will ultimately be filed, and credit lines will be cut off. Let’s face it – these people have businesses to run as well and, at some point, need to worry about their bottom line just as much as you are trying to worry about yours.
So, please let us at RMG help you out – between today and November 30th, 2012 we will offer our services to one business owner who is a victim of Hurricane Sandy – PRO BONO, based on their compelling hardship criteria. RMG will select an active client that has enlisted between now and the end of November as the recipient of free services. We will evaluate personal as well as financial hardship conditions and choose a needy client to receive the benefit of our efforts completely free of charge.
Please call us today at (866) 364-9161, visit our website to either ‘Speak To An Expert’ or ‘Click To Chat’ with us, or come by the office for a one-on-one session to find out more about how we can be the start of a full rebuilding for you and your business.
The Reorganization Management Group – Insight. Guidance. Perseverance.
Success Stories – In Denial
October 24, 2012 by Christopher · Leave a Comment
We spoke with a prospect last week regarding a lawsuit that was filed against his company. We explained that The Reorganization Management Group helps businesses faced with financial distress; we create an affordable budget, engage their creditors on their behalf and satisfy what was once considered unaffordable. Our goal is to get the business owner focus back on expanding their business and off fielding creditor calls.
The prospect told us he was fine, has no payable issues and has an attorney handling his lawsuit. We wished him the best of luck, left contact information for him in case things change and said good bye.
One week later? Things changed.
That very same prospect – the one that was fine just 7 days earlier – left us a message. He received a letter from us in regards to his lawsuit and would like more information, since he has two lawsuits. We spoke at length – we discussed the lawsuits, the status of them and how much he is in debt.
The prospect has now become a client and is on his way to getting both of his lawsuits settled by The Reorganization Management Group – the VERY SAME PERSON who did not need our services a week ago.
Unfortunately, this is not an uncommon scenario. Too often business owners are in denial about their situation and are afraid to talk to anyone who calls their offices. Don’t let this happen to you… BE PROACTIVE. If your company is faced with financial distress - late on credit cards, lines of credit have been cut off, you’re late on vendor debt or essentially “robbing Peter to pay Paul”- give us a call today at The Reorganization Management Group (866) 364-9161 and allow us to help you today!
Case Studies by RMG (Part 3 of 3)
October 16, 2012 by Christopher · Leave a Comment
(This is Part 3 of a 3-part series by The Reorganization Management Group highlighting one of the new sections featured on our updated website. You can CLICK HERE to see all of them.)
Have you seen the case study we have for our Specialty Millwork Shop client?
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Issues:
Our client is a Specialty Wood Mill out of Florida. Came into the program with $98,359 in “problem liabilities” with a $1,832 monthly budget and 10 creditors. Our client came to us with funding below 2% of their total debt enrolled. Two lawsuits, filed prior to entering the program. High level of collection activity and trade lines cut off by all vendors. We had limited accessibility to this client.
Results:
100% of all claims settled within the budget by month 18 of the program. Liabilities currently reduced by 63.2% ($62,242) including three lawsuits. $98,359 of past due debt converted to $20,250 of long term liabilities by March of 2012.
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This is only ONE client’s story. What will yours be? Call us at 866 364 9161 to speak with one of our debt advisors and become a Success Story today!
Success Stories – The Single Mother
October 10, 2012 by Christopher · Leave a Comment
This was written by one of our clients:
“As a single mother of a fourteen year old girl, life hands me many challenges that require my ability to come up with extra money when it isn’t available. Since my divorce, with my daughter’s father, I have accrued a considerable amount of debt trying to keep up with all the things a young woman needs and while trying to keep the dignity that a mother should have, through the basic upkeep of my own personal needs. In other words, I barely spend any money on myself, and I’m constantly having to pay for something for my daughter.
Of the last eleven years that I’ve been raising my child alone, it has been the last five years that have caused the most damage to my financial life. Although, I am supposed to be receiving child support on a regular basis, I rarely do. I reached a point that I simply couldn’t pay my bills. Between layoffs and trips to the orthodontist and pay cuts and school trip costs I had gotten other in way over my head.
My friend had a similar situation and had always raved about this company RMG. I usually just dismissed her advice of calling because of all of the negative things I had heard about the debt relief industry but I finally reached a point that I had no options and called. The pre-screening process was fast and easy and within a half hour I had set up an account on line where I could safely save and budget.
It has been 14 months now and so far The Reorganization Management Group has satisfied three of my unaffordable and problematic obligations. Five more are also resolved and fit neatly within my monthly budget—that will end by the end of the year! Although I still have two other matters to contend withand about another year left in my program, I actually feel something I haven’t felt in a very long time. I feel safe that my financial matters are being addressed and that they are being handled by people who know what they are doing. I am grateful to my friend and now find myself raving about them to others!
I look forward to being able to announce when I am finally completely debt free; I’ve always wanted that, only now…I know that I am in good hands!!”
This could be you! If you’re having problems like this, CALL US at 866 364 9161 or contact us on our website at http://www.reorggroup.com and become another one of our Success Stories.
Case Studies by RMG (Part 2 of 3)
October 9, 2012 by Christopher · Leave a Comment
(This is Part 2 of a 3-part series by The Reorganization Management Group highlighting one of the new sections featured on our updated website. You can CLICK HERE to see all of them.)
Have you seen the case study we have for our Medical Supply Wholesaler client?
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Issues:
Our client is a Medical Supply Wholesaler out of Washington. Came into the program with $811,000 in “problem liabilities” with a $20,000 monthly budget and 9 creditors. Our client came to us with escalated collection activity. With one of the claims totaled 43% of the total debt enrolled. Trade lines were cut off.
Results:
Total debt reduction exceeded $250,000. All claims were settled within the monthly budget. Operational obstacles were overcome; business reached profitability before completion of restructuring.
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This is only ONE client’s story. What will yours be? Call us at 866 364 9161 to speak with one of our debt advisors and become a success story today!
The Anatomy Of Debt Restructuring – The Young Gun
October 4, 2012 by Christopher · Leave a Comment
Our client, who is a savvy young businessman in his early 40’s, enrolled in our program because he had approximately $50,000 of debt he had accumulated through loans he had taken to invest in a property he purchased to resell (before the housing market went south). He had fallen behind when his high interest rate loan payments weren’t met because he was unable to unload the property he had renovated. At the same time his situation was complicated by a pending divorce which was locking up funds and creating new liability in the form of alimony.
RMG settled his first three bad loans and was looking to settle the fourth and final account to Cabelas, who he owed approximately $17,000. In an effort to rid himself of all of his remaining debt, he liquidated his 401k in order to facilitate a settlement offer on the account. RMG negotiated a settlement of $6,500 which meant that, even after our fee was assessed, the client paid just 51% of his original debt.
Case Studies by RMG (Part 1 of 3)
October 2, 2012 by Christopher · Leave a Comment
(This is Part 1 of a 3-part series by The Reorganization Management Group highlighting one of the new sections featured on our updated website. You can CLICK HERE to see all of them.)
Have you seen the case study we have for our Commercial Construction client?
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Issues:
Our client was an out of state building contractor out of Alaska. Came into the program with $279,305 in “problem liabilities” with a $6,000 monthly budget and 16 vendors. Our client came to us with two pending lawsuits with surety bond attachments pending, filed prior to entering the program. They were also forcing foreclosure by their primary lender.
Results:
We were able to settle 44% of their claims in the first five months of the program. Liabilities currently reduced by $35,536. $138,539 of past due debt were converted to $108,606 of long term liabilities. Surety bond successfully protected from all creditors claims. The foreclosure by the primary lender (Key Bank) was successfully negotiated into a new agreement.
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This is only ONE client’s story. What will yours be? Call us at 866 364 9161 to speak with one of our debt advisors and become a success story today!
Success Stories – Till Debt Do Us Part
October 1, 2012 by Christopher · Leave a Comment
The Reorganization Management Group has a client - an 84 year old woman whose husband had recently passed. Unfortunately, her husband left her with over $85,000 in debt on top of the approximately $20,000 in debt that our client previously incurred on her own. She tasked us with debts totaling $113,657.43 when she came on board in September of 2010.
Within the first 12 months we had resolved 7 of her 13 unaffordable claims, and now ALL TWELVE are resolved! In fact, the fifth claim of those seven was a 30% settlement on a $27,345.23 obligation. The settlement was such a great opportunity it alone altered our client’s financial outlook. Additionally, seven months into the twelve month arrangement,we received a call from NGI, a collection agency that we have a close relationship with, and learned that they now had one of our client’s other obligations (NOTE: it is typical for debts—once charged off—to be assigned to numerous collection agencies over the ‘life’ of the collection cycle). The Reorganization Management Group, because of the relationships we have established with dozens of agencies, settled that account for 25% - a mere $3,248.00! and the best part? The agency gave us a 12-month installment plan to pay the settlement balance with the first SEVEN PAYMENTS being just $1.00 (yes, one dollar).
However, the most rewarding part of the process was later, when our client told us “(My husband) would have been so proud of me for taking care of all of this without him here, and I couldn’t have done it without RMG.”
The Downward Spiral
September 26, 2012 by Christopher · Leave a Comment
If you are a struggling business and have noticed a downward spiral in your sales and revenue, you need to contact The Reorganization Management Group to discuss their debt reduction programs. Call today for a free analysis of your debts and have The Reorganization Management Group today.
Success Stories – You Can’t Run Forever
September 12, 2012 by Christopher · Leave a Comment
A client came to us with a $38,000 lawsuit for the collection of one of his unaffordable obligations. He was beside himself with anxiety and concern that his financial mistakes in the past had finally caught up with him and were going to now affect his family in an adverse way. The minimum payment on the account had grown to almost $2,000 a month and simply became too much for him to pay anymore! Immediately RMG analyzed the claim and formulated a settlement strategy. The nationwide law firm representing the creditor—well established in the industry as a leader in collections and effective lawsuits—handled the majority of this particular creditor’s claims. This collection firm had a well known reputation of being fierce litigators and inflexible negotiators.
Fortunately for the distraught individual- our client, RMG has a long lasting and mutually respectable relationship with this firm. The Reorganization Management Group was able to settle the $38,000 claim for $15,200 spread over 18 monthly installments of $844.44! RMG was able to lift the judgment and reduce the debt by a whopping $18,000 easily managed at a mere $1,150 per month.
