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Creditor inventory
Balances, payment status, contacts, notices, and the business importance of each creditor are documented.
Business debt relief
Business Debt Review
Creditor negotiations are stronger when the business can present accurate balances, cash flow, operating needs, and a realistic ability to perform. New Guidance Group reviews the situation and connects the owner with an independent servicing company that handles negotiations, communications, and fulfillment.
Possible fit
When owners request this review
Owners facing creditor or collection pressure
Businesses seeking modified payment terms
Several obligations requiring a coordinated approach
Companies that need a documented hardship and cash-flow picture
The approach
A practical debt-relief process
- 1Confirm balances, agreements, contacts, and current status
- 2Document the business hardship and payment capacity
- 3Identify realistic needs, objectives, and boundaries
- 4Connect with a servicing company to handle communications, proposals, and next steps
Important considerations
Facts and risks to review carefully
- ReviewCreditors are not required to accept a proposal
- ReviewMissed or changed payments can carry contractual consequences
- ReviewEvery proposal must fit actual operating cash flow
- ReviewFinal terms should be documented and reviewed before acceptance
Strategy mechanics
How the review and coordination work
The strategy starts with complete records, current creditor status, and what the business can realistically sustain after essential operating expenses.
2
Hardship narrative
The business explains the cause of the pressure with numbers, dates, and supporting records rather than unsupported promises.
3
Negotiation boundaries
The business identifies what it can sustain, what it cannot promise, and which operating expenses must remain protected.
4
Written follow-through
Proposals, responses, open questions, and final terms are tracked so the owner can make an informed decision.
What we review
These facts shape the negotiation objectives, coordination plan, and any appropriate independent referral.
- Current balances and payment status
- Creditor contacts and recent communications
- Business hardship and supporting financial records
- Available cash flow after essential expenses
- Collateral, guarantees, liens, and other contract conditions
- Interaction with other active obligations
Documents to prepare
Complete, current records reduce guesswork and make the first conversation more useful.
- Contracts, statements, invoices, and payoff information
- Recent business bank statements
- Current profit and loss statement and balance sheet
- Accounts payable and receivable aging
- Notices, demand letters, and collection communications
- A complete business debt schedule
Illustrative debt snapshot
Illustrative negotiation-capacity review
A proposal should begin with what the business can reliably support after essential operating costs.
This example identifies a cash-flow gap; it does not state what any creditor will accept or predict a negotiated result.
- Average monthly operating deposits
- $140,000
- Essential monthly operating costs
- $112,000
- Current monthly debt payments
- $41,000
- Current monthly shortfall
- $13,000
- Cash available before debt service
- $28,000
Warning signs that require attention
- •A proposed payment depends on an unusually strong revenue month
- •The business omits creditors or understates balances
- •Verbal terms are treated as final without written confirmation
- •One arrangement leaves no capacity for essential expenses or other obligations
- •The owner is pressured to promise a payment before reviewing the complete cash flow
Before accepting any proposed terms
Confirm the payment, timing, total obligation, fees, required notices, and every condition in writing. Make sure the business can perform during a slower revenue period.
Use the debt relief guideService-specific FAQ
Questions owners often ask
What information makes a creditor proposal credible?
Accurate balances, current financials, a documented explanation of the hardship, a realistic payment capacity, and a proposal the business can actually perform are stronger than a promise based on hoped-for revenue.
Is a negotiated arrangement guaranteed?
No. A creditor can accept, reject, or counter a proposal. Timing, agreement status, available resources, and the creditor’s policies all affect the response.
Who communicates with creditors?
An independent servicing company handles creditor negotiations, communications, and fulfillment. New Guidance Group only reviews the situation and makes the connection.
Can negotiation address vendor debt as well as financing?
Potentially. The first step is to identify the debt type, contract, current status, business relationship, and realistic payment capacity. The appropriate path varies by creditor and obligation.
Related recovery paths
MCA payment pressure, creditor negotiations, broader commercial obligations, and operating recovery often need to be considered together.
Commercial Debt Review
For a broader review of loans, leases, advances, and other obligations.
Review this pathMCA Debt Relief
For daily or weekly merchant cash advance payment pressure.
Review this pathRecovery Review
For determining what the business can sustain before making a proposal.
Review this pathNationwide support
Start with a confidential business debt review
Bring your MCA agreements, recent statements, payment schedule, and creditor communications. We will help organize the complete picture and explain a practical next step.