Corporate Turnaround Review

:: COMPANY REPORT - Updated:02/06/2010

Corporate Turnaround Review / Report

Corporate Turnaround was started in 1998 by Jerry Silberman who had previously started a commercial collection agency 1990.

He had been involved in the industry for a long time and knew that there were a lot of hard working businesses that had just fallen on hard times.

He knew that they wanted to pay their debts, but just could not find a way to do it, and rather than hassle from from their creditors, what they really needed was financial help.

Since that point he and Corporate Turnaround have grown to be the pre-eminent authority on helping small businesses out of their debts.

They have helped over 5,000 companies resolve over 25,000 debts.

Corporate Turnaround can:

Help a company’s creditors understand what a business is able to afford to pay on a monthly basis.

Allow repayments to be spread over longer time periods and/or reduce a company’s total debt amount. They develop an affordable budget for their clients and negotiate new terms within that budget.

Allow a company to get back to spending their time running their business rather than dealing with creditors and attorneys.

They offer a free consultation which is arranged by filling out some basic details on their website.

Go To The Official Corporate Turnaround Web Site.

:: FEEDBACK & OVERVIEW

Actual Customer Corporate Turnaround Reviews / Feedback: (Company Names Removed To Maintain Privacy)

"We had a lot of credit card and lease debt, about $188,000 and 8 lawsuits. We didn’t know how we could possibly pay everyone and continue our business. Then we began getting threatening phone calls from bill collectors. The calls came in during the week, weekends and even holidays! We finally contacted Corporate Turnaround. All we had to pay them was $875 a week! They told us to refer all the bill collectors to them.

Corporate Turnaround settled one account, then another, and now 2 and a half years later all our accounts and lawsuits have been settled and everything has been payed off. The best part is that we only payed back $114,000 and that included Corporate Turnaround’s fees!"

Manufacturing Company. Debts of $188,069.18 with 16 creditors.

"When our business declined and we got behind on our bills Corporate Turnaround was able to help us get all our unsecured debt into one monthly payment that fitted our budget. This was able to free our minds from all the debt and concentrate back on the business to build it back up.

Even though the creditors said they would not work with Corporate Turnaround each one of them did. They dealt with the headaches for us and made sure each one was paid on the terms they agreed to."

Carpentry Business. Debts of 62,467.04 with 10 creditors.

"My husband and I had creditors, collections agents and attorneys calling us on a daily basis. We felt harrassed and bullied.

Just after a few weeks of contacting your service the calls began to stop. What can I say, without Corporate Turnaround we would be out of business. Their services have enabled us to consolidate a large portion of our debt into a manageable monthly payment.

I came to them with $34,000 in debt. I left with 0 and saved over $12,000. The time and aggravation they saved us goes uncalculated but not unnoticed. Lastly, with the weight of the debt off my mind, we are better able to focus on servicing clients and producing revenue."

Accessories Business. Debts of 34,693.57 with 7 creditors.

"We started with Corporate Turnaround a little over 2 years ago in June. When we first talked to them they said it would take about 26 to 28 months compared to the never ending payments we were currently making. They were right on target!

It has been a crazy journey but it feels great now that it is done. I will not lie, there were times I was so frustrated. The creditors hound you constantly, making you feel you made the wrong decision. I know we would still be struggling trying to make those payments by ourselves, I am glad it is over!

I have to say my favorite member of Corporate Turnaround is Anthony Passanante. He was quick to answer all my questions, helped me through the rough times and just was very personal. Thank you Anthony!"

Beauty Shop. Debts of 84,382.93 with 6 creditors.

Our research into Corporate Turnaround has found that:

Jerry has co-authored the “Small Business Survival Book”, which has been endorsed by Steve Forbes and been a featured expert on Bloomberg TV.

Corporate Turnaround has also been featured in the media extensively including - The New York Times, The Wall Street Journal, Business Week and The CBS Evening News. They also have strategic alliances with ASBDC – Association of Small Business Development Centers and SCORE – Counselors to America’s Small Business.

All this means that in the debt industry, no other company has the same level of credibility as Corporate Turnaround.

They go a long way to making this credibility apparent by showing a commitment to companies regardless of whether they use their services or not.

For example, people can obtain a free copy of their guide “How To Pay Business debts You Can’t Afford”, through their website, which can teach companies how to complete this process on their own.

They also make a guarantee – if your company qualifies, the amount your company will pay back through their program, including Corporate Turnaround’s fees will be less than the amount owed to creditors.

We have not seen this level of service on offer anywhere else in the industry.

Corporate Turnaround is able to work with practically all business debt types.

This can also provide their clients with further counseling and consultation to help with budgets and financial management.

Verdict:

Debt Restructuring may not be suitable for every business, but it is a lifesaver for many. The best way to see if Corporate Turnaround’s program is right for your business is to arrange a consultation through their web site.

Go To The Official Corporate Turnaround Web Site.