Business Debtors & Creditors

Helping Business Debtors and Creditors Resolve Financial Challenges

Finding Workable Alternatives to Business Bankruptcy

Challenging financial conditions in many sectors of the economy have caused a bankruptcy boom in Arizona. When individuals face tough financial times, businesses find themselves in a bind as well, with high receivables, delayed payables and compiling interest payments.

Before you allow financial problems to close the door on your business, talk with an attorney at The Law Offices of Donald W. Hudspeth, P.C. in Phoenix, Arizona. Our attorneys understand business; many have business backgrounds themselves. Let us help you understand all your options, from collections and debt workout agreements to bankruptcy as a last resort.

Contact our law office to schedule a consultation. We assist business debtor and creditor clients with:

1. Collections
2. Review of financial claims and collection demands against a company to ensure claims are proper and enforceable
3. Workout plans to negotiate debt repayment with creditors
4. Legal advice on the effects of bankruptcy

Business Debtor Assistance

Many business owners consult a bankruptcy attorney when they are experiencing serious financial problems, but bankruptcy is not the only solution. Creditor workouts may allow you to respond to your creditors and save your company.

Attorney Donald Hudspeth is a former bank lawyer, skilled at negotiating repayment plans and payoff schedules between debtors and creditors. A workout plan balances the needs of creditors requiring prompt payment but willing to accept a small payback with those who will delay collections in exchange for receiving more money. And it allows the business to avoid bankruptcy.

Our business attorneys will also review all financial claims against your company to ensure that they are accurate and legally enforceable. If they are not, we work with your creditors to prevent further collection actions.

Business Creditor Assistance

We protect creditor's rights to repayment by securing monies owed with collection services, demand letters, and representation in workout agreements.

For more information or to schedule an appointment with a lawyer regarding debtor and creditor issues in business, please contact us.