3 min read

Bankruptcy Alternative

Published on
April 20, 2023
man with tie on and hand on forehand

Are you considering bankruptcy as an option for your business’ future? There’s a better alternative. At Cain & Daniels, Inc. we have been helping businesses come to positive bankruptcy alternatives for the last 20 years. We have settled over 10,000 cases in the U.S. and Canada from our corporate headquarters in Tampa, Florida.

What is Bankruptcy?

Bankruptcy is a legally declared inability or impairment of ability to pay their creditors. Bankruptcy is a last resort for businesses where both the business and the creditors lose. The business loses because it can no longer stay open.

It becomes incapable of fulfilling its mission statement and accruing revenue. The creditors lose because they are unable to collect even a portion of their debts owed. This is why alternatives to bankruptcy are attractive to all parties involved.

Two Bankruptcy Alternatives

There are two main bankruptcy alternatives for business: negotiation and debt restructuring. Cain & Daniels, Inc. are a third party representative that work with your business to consolidate these two options.

First, they engage in negotiations with your creditors to come to a manageable settlement amount for your business – one that allows your business’ doors to stay open. Then, they liaise between your creditors and your business to restructure a feasible payment plan that will allow you to pay back your debts owed over time.

Why Cain & Daniels, Inc.?

Cain & Daniels, Inc. are the experts. We have a wealth of experience on the front line of commercial debt settlements. In fact, of the major debt settlement firms, Cain & Daniels, Inc. is the only company that specializes in commercial debt settlements. We never charge a retainer, set-up or case fee, and there is never a payment processing fee.

We’re so sure of your satisfaction with our services, that we let you know your settlement amount before we take your case. Typically, cases are settled within 2-3 weeks, putting your business back on track in record time.

Who are Cain & Daniels, Inc.?

We are not lawyers. We are not a collection agency. Cain & Daniels, Inc. is a third party representative firm that works for your business, because our Business is Business! We’re members of the Commercial Law League of America and are in excellent standing with BBB and zero complaints.

Many of the businesses we help to find bankruptcy alternatives come back and work with us again. Stu B. of Market Street has saved his business over $27,000 during two cases. Cases settled for Erich Johanson of a Maryland-based company total a savings in excess of $115,000. We know those numbers make a big difference to small companies and we want to work with you.

Speak to a Business Debt Specialist Today

You will always know your settlement amount before you hire us to represent you.