Business Debt Help
GMD Business Consulting specialises in reducing and resolving various forms of business debt, offering expert guidance and tailored solutions to help businesses achieve favourable outcomes efficiently.
Managing Business Debt
In the intricate world of business finance, managing debt is a critical challenge that many businesses face. Whether it's property-based debt, overdrafts, or various forms of business loans, GMD Business Consulting specialises in providing expert guidance and solutions to help businesses navigate and resolve their debt-related issues effectively.
Property-Based Debt Reduction
One avenue where significant reductions in debt may be possible is property-based debt, depending on the Loan-to-Value (LTV) ratio of the debt compared to the asset securing it. In many cases, there exists a notable variance, often around 30%, between the full open market value of a property and its distressed 90-day restricted marketing value. While banks may employ threats of LPA receivership and administration, the reality is that insolvency practices can typically only sell an asset for what it would fetch on the open market. This insolvency process often drags on for 2-3 years, accompanied by substantial fees extracted by the insolvency practitioners. Consequently, it is often in the lender's best interest to accept a realistic value for the asset and have the funds in their account promptly, compared to the lengthy insolvency process.
Comprehensive Debt Assistance
GMD Business Consulting extends its expertise to all forms of business debt, including overdrafts, and long and short-term business loans. We understand that each business's debt situation is unique, and we are here to provide guidance and tailored solutions to address your specific needs.
Why Choose GMD's Solicitors for Debt Recovery?
- Expert Guidance: Our team possesses a wealth of knowledge and experience in debt reduction and resolution, ensuring you receive the best guidance available.
- Tailored Solutions: We work closely with you to assess your unique debt situation and provide customised strategies that align with your specific challenges and goals.
- Efficiency: We understand the importance of swift resolution, and we work diligently to help you navigate your debt issues and achieve favourable outcomes promptly.
- Comprehensive Support: From understanding your debt options to negotiating with creditors, we offer comprehensive support every step of the way.
When business debt becomes a challenge, GMD Business Consulting is your trusted partner. With our expertise, support, and commitment to resolving your debt-related issues, we can help you navigate the complexities of business debt and work towards a more secure financial future. We are here to help you navigate and resolve all issues effectively and efficiently.