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What Can You Tell Me About Corporate Debt Rescue or Protection Legal Group?

Written by Steve Rhode

Question:

Dear Steve,

I have 3 cash advances that are bringing my company down.

Daily payments of over $1000

Are you aware of any bad reviews/info on Corporate Debt Rescue or Protection Legal Group?

Chuck

Answer:

Dear Chuck,

Questions like yours are difficult. Here are my posts about Protection Legal Group and Corporate Debt Rescue.

I would recommend that anyone considering using such a company should read the following free guides.

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

A quick look at Corporate Debt Rescue out of Wyoming shows the company was registered in May of 2016. It’s not clear how much experience the company has in that short period of time.

As I’ve previously reported, Protection Legal Group was sued late in 2016 by Forward Financing in a suit that could set a difficult prescedent in the corporate restructuring business.

There is no easy answer here. Only you can do the research required to reach the best decision for you with the information you discover. If you are or are not comfortable with a company is not something anyone else can dictate for you.

Have you talked to a local bankruptcy attorney about restructuring your business debt or are you just leaping at solutions right now and hoping one of the companies will sell you what you think you need?

Post your feedback below in the comments on why you think each company is right for you.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

4 Comments

  • Unless the company offers financing stay away. A confession of judgment and the ability to interfere with vendor payments and credit card processing is usually the way they protect themselves (the Business Lenders) this could debilitate your business,.

    • Ed is onto the crux of the problem right now. If a business debt resolution company has been working with a particular lender for sometime, has established relationships, and can pretty much guarantee a repayment plan then that’s one thing. But to just jump inside of an existing business relationship and tell you to stop paying the vendor, that could be risky.

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