Chinta & Fratangelo LLP

  • Forbearance agreement – obtain a creditor’s agreement to defer taking action for a period of time so that the business might recover
  • Workout agreement – renegotiate debt or other obligations to reduce payments or debt in exchange for additional collateral or restrictions on business activities
  • Restructuring – amend the company’s equity and debt structure to improve its balance sheet, reduce payment obligations, and position it for success