The Fortify team understands that negotiations, settlements and ongoing management of all relationships, can be crucial when representing a company facing financial difficulties.
We leverage several key initiatives when working with our clients on settling debt, or improving trading terms.
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What are informal negotiations and settlements, and how can Fortify Partners assist?
Informal negotiations and settlements involve working directly with creditors to restructure or settle debts without entering formal insolvency proceedings. Fortify Partners helps businesses and individuals negotiate realistic repayment terms, reduce debt burdens, and avoid legal action.
How do informal negotiations differ from formal insolvency solutions?
Informal negotiations are private agreements made directly with creditors, offering flexibility without the legal consequences of formal insolvency. Unlike bankruptcy or voluntary administration, these agreements are not recorded on public registers. Fortify Partners facilitates negotiations to achieve favourable outcomes while maintaining financial stability.
What types of debts can be settled through informal negotiations?
Various debts, including business loans, supplier debts, tax obligations, and unsecured personal loans, can be renegotiated. Fortify Partners works with clients to develop structured repayment plans or reduced settlement amounts based on their financial position.
What are the benefits of informal negotiations over formal insolvency processes?
Informal settlements can help preserve credit ratings, maintain business operations, and avoid the costs and restrictions of formal insolvency. Fortify Partners focuses on achieving practical, sustainable solutions that protect financial well-being while satisfying creditors.
Can informal negotiations stop legal action from creditors?
In many cases, reaching an agreement with creditors can prevent further legal action, such as winding-up proceedings or bankruptcy claims. Fortify Partners engages with creditors on behalf of clients to negotiate settlements before legal enforcement escalates.
When should a business or individual consider informal negotiations?
If financial difficulties are making it hard to meet debt obligations but formal insolvency is not yet necessary, informal negotiations can be a proactive solution. Fortify Partners provides expert guidance to help clients assess their options and negotiate the best possible outcomes.
Discover how Fortify Partners can help your business get back on track Australia wide.
** AUTHENTIC IN WHAT WE DO ** BUSINESS SOLUTIONS FOR SMALL BUSINESSES, COMPANIES & ORGANISATIONS AUSTRALIA WIDE ** INSOLVENCY ** TURNAROUND & RESTRUCTURING ** INFORMAL NEGOTIATIONS & SETTLEMENTS