Romans Debt Solutions Inc.
12 Blackfoot Rd. #6 T8A 4P4 Sherwood Park, AB, Canada

We read a lot about large companies filing for protection or restructuring under CCAA or filing for Division 1 Proposals, but what about smaller companies? An informal proposal is a great way to address your debts, even if you're a small company that needs some help.

Do you want to pay your creditors? Have you tried to negotiate with no results? Are you being inundated with collection calls or legal demands? Do you want to keep your doors open? If you answered yes to any of these, an informal proposal may be for you! Romans Debt Solutions specializes in business debt restructuring and proposals. Consultations are always free

Economic, personal or internal issues impact the companies ability to address their debt. When your business is facing an insurmountable burden of debt an informal proposal may be what saves your business.

Honesty is the best policy. Be transparent about the companies situation with creditors if you find yourself past due. Remove the emotionally charged replies and be factual. Don't swear, don't insult and don't lie about it. If you don't think that you can handle the matter properly, hiring a 3rd party such as Romans Debt Solutions may be the best option.

By having a fixed monthly payment on aged payables, it allows you to budget moving forward.

We were recently involved with client that had in excess of 50 creditors. To take the time a negotiate with 50 creditors as a business owner is not easy and drastically impacts your ability to work. Without working, you're not making the money needed to pay the creditors. By taking the burden off the business owner to negotiate with the creditors it allowed the business owner to get new business, operate the business and in turn, allowed the business to make good on the debts owed. The creditors in this example were able to receive monthly payments based on the cash flow of the business.

We are often involved in second mortgages to consolidate bad debt helping the broker close a deal and help the client settle their debt. We have relationships with brokers and lenders who can lend up to 85% of the available equity in a home. If you are thinking about consolidation, now is the time to act. If you want a referral to amazing brokers just ask.... Consultations are always free.

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During a turnaround you will often need help from others. We have a team of experienced professionals that specialize in various industries. Books not up to date? We have bookkeepers for that! Need some corporate law help? We have lawyers for that! Need marketing on a budget? We have firms for that! ... Need help with creditors? We got that! Its what we do.

An informal proposal can save your business. It can be a way to keep something you worked so hard for. It can be a way to keep people employed. In many ways it helps identify deficiencies in the operations and allows you to come out better and stronger.

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Very valuable information.

Nice work Soul Mechanical

We work with a group of asset-based and revenue-based lenders to help you get financing. While we can't arrange financing for everyone, we will do our best. Typically we require 2 years financials,6 months bank statements and your AP/AR lists. Other details as needed. ... These funds can be a great use to clean up your aged payables. We assisted in arranging 750k in loans to small businesses last year, after the banks said no.

We worked with a construction company that at one point would receive 25 or more collection calls a day. The owner and staff were not able to focus on their work as they were busy dealing with collection calls. Once we were involved we took the collections calls, negotiated, and allowed the business to operate and make money to pay the creditors.

Commercial Restructuring can help save your business. It is a process that involves working with your creditors and making changes to the business to keep it going. We have helped businesses keep their doors open with creative, transparent negotiations that work for everyone. We have experience in helping retail, food and beverage, all type of trades and health and wellness.

Use your equity to be able to offer lump-sum settlements to your creditors. If you are in collections, creditors tend to accept settlements more in a lump sum than over payments.

Consolidating your high-interest credit cards and loans, plus your bad debt can have a positive impact on your credit score.

Using your equity to consolidate can be the quickest and best way to beat your debt. BUT you have to make changes to your spending patterns. We work with broker and lenders that can access up to 85% of the equity in your home. To find out more or just to get a referral to an awesome broker feel free to reach out. Consulations and referrals are always free.

Using the equity in your home to consolidate your debts may allow you lower your interest rate and lower your monthly payments. We have even pre paid the second mortgage for 12 months or what ever the mortgage term is to allow the client to not have to make any payments monthly towards their loan.

This says it all. Using your equity can save you money, reduce stress and simplify your finances.

Ive said it before, you have to check this place out.

Two more banks sharing profit losses. I had a lengthy talk with a collection agency for one of the big banks today... the tone of the conversation were things are going to get more aggressive in the collections space as creditors try and recoup losses. Now is the time to start considering your options in how youre going to address your debt. Be it consumer proposal, debt settlement, bankruptcy or long term debt repayment. ... We are already seeing the bigger creditors increase what is acceptable/ reasonable in repayment in the debt settlement and consumer proposal spaces. Similarly, if you are a creditor, now is the time to make decisions on how to handle your past due AR. The sooner one makes a decision, the sooner one can start rehabilitation. All consultations are free.

I am looking to talk to business owners that are not getting anywhere with their landlords, or perhaps their creditors are putting extra pressure on them. We h...andle the negotiations take the collection calls, lawyer demands, and can help navigate negotiations with your landlord too. Consultations are always free and confidential.

Crazy to read this. Its an opinion, but collection calls are going to sky rocket. Insolvencies are going to peak. What are you doing to address the fall out from the pandemic?

What are your thoughts on this?

Make a payment arrangement with your creditor that YOU CAN KEEP. If you know you cannot make it happen, dont offer it. Your creditors will appreciate the nonbroken promise.

Be a solution. Do not put up roadblocks to all the suggestions given. Talk calmly and communicate your situation and what you are doing to pay down your debt

Dont be scared to communicate. Pick up the phone, send that email or text. Dont put your head in the sand.

Liquidate nonessentials. What can you liquidate to put a larger payment on your debt?

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What a great idea.