In the “good times” or pre-recession times many businesses took on big loans that were payable at the time but once the recession hit payments became more and more difficult to meet.
Lots of businesses still have large amounts of debt hanging over them. Even though the economy is in a period of recovery these payments can prevent companies from investing their money in areas that will help the company to recover and grow.
At Harney Nolan, we have been involved in numerous debt restructuring negotiations.
We pride ourselves on our good relationships with the banks. We understand that reaching an agreement will involve both the bank and you having to make compromises. We will join you in all steps of the restructuring process from the initial proposal to the final result ensuring we try to achieve the best outcome possible.