For Debt-Burdened Companies, An Alternative to Debt Consolidation

Should companies with debt and cash-flow problems turn to debt consolidation, as so many consumers have in recent years? Or is there another, possibly better option for these businesses?

While owners of debt-burdened firms might think debt consolidation is their best -- or only -- alternative to bankruptcy, there is much more to know, says Jim Herst, president of Performance Source Inc (PSI), a leading debt-settlement firm serving closely-held companies nationwide since 1963.

"For many business owners, collaborative debt settlement -- PSI's unique approach to solving commercial debt -- makes far more sense financially than debt consolidation or other services advertised as debt management."

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