hi all
I am posting this here as information only
there are alot of people out in this brown land of ours that are in alot of trouble.
they may well have a liquidator, receiver or admin either on them or on their business
well there is alot of other ways out.
and one area that is not mentioned here is debt negotiation and its a growing area as the market melts or has melted.
now alot of people here may not like to hear that alot people have got these issues and before you flame the post with
thats there own fault in alot of cases its not.
I have alot of people that have banks stopped funding the site
presales that are well below now the purchase price, if they go thru with the purchase.
even business that have issues with very high lvrs or margin calls.
and even builders that have liquidated leaving the developer holding the can
so what do we do
simply we sit on the other side of the desk and reduce the exposure of the client and in alot of case remove the fixed and floating charges or personal quarantees.
so why put this up here
simple there are heaps of investors or developers that have never known that this is available most would not them would not have a clue.
I was asked by a receiver why some one like this is used
simple again
who can negotiate the deal
the receiver
not likely they have the funder to look after
the legals
not likely they don't give advice
the client
well most of the time these people are in such a state that they don't know which way is up and all they want is a way out.
so if you are in this position
there is other ways of doing things and this is just information
to go look.
I find heaps of people that simply do not know where to turn well hope this gives you some ideas
I am posting this here as information only
there are alot of people out in this brown land of ours that are in alot of trouble.
they may well have a liquidator, receiver or admin either on them or on their business
well there is alot of other ways out.
and one area that is not mentioned here is debt negotiation and its a growing area as the market melts or has melted.
now alot of people here may not like to hear that alot people have got these issues and before you flame the post with
thats there own fault in alot of cases its not.
I have alot of people that have banks stopped funding the site
presales that are well below now the purchase price, if they go thru with the purchase.
even business that have issues with very high lvrs or margin calls.
and even builders that have liquidated leaving the developer holding the can
so what do we do
simply we sit on the other side of the desk and reduce the exposure of the client and in alot of case remove the fixed and floating charges or personal quarantees.
so why put this up here
simple there are heaps of investors or developers that have never known that this is available most would not them would not have a clue.
I was asked by a receiver why some one like this is used
simple again
who can negotiate the deal
the receiver
not likely they have the funder to look after
the legals
not likely they don't give advice
the client
well most of the time these people are in such a state that they don't know which way is up and all they want is a way out.
so if you are in this position
there is other ways of doing things and this is just information
to go look.
I find heaps of people that simply do not know where to turn well hope this gives you some ideas