August 30, 2014
For Immediate Release:
Huntingdon Valley, Pa. /Fort Lauderdale, Fl.
GFCIB and Advisors, LLC is pleased to announce that it has once again successfully closed on bridge loan refinance transaction for a sophisticated private real estate investor located in the suburbs of Columbus, Ohio. The ownership engaged GFCIB and Advisors, LLC to provide exclusive financial advisory...
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Monthly Archives: August 2014
GFCIB and Advisors, LLC is now representing different companies, in the Southern, Eastern and Northern Districts of New York Bankruptcy Court..
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DIP Line approved
Thought our sister company DIP Lending, LLC just approved a 500k DIP loan for a manufacturer pre-chapter 11 Bankruptcy filing....
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Hold on to your cash
I know when your under pressure your first instinct is to payoff debt with cash to relive the stress and pressure, this is well indented but sometimes it can backfire on you cash is valuable and hard to get,
I know all to well and many times I rushed to payoff debt with cash, in most...
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Common Chapter 11 Bankruptcy Mistakes
1. Thinking you know everything and not listening to your team of professionals.
2 . Having the wrong team represent you, make sure your team is tried and tested professionals your comfortable with.
3. Filing the paperwork incomplete, wrong or not by any of due dates. Make sure you get the documentation right.
4. Not keeping your cool, it’s a frustrating and hard process. Sometimes creditors will do things so you loose your cool, You need to keep it.
5. Not taking advantage of all of the opportunities Bankruptcy has to offer.
6. Not being involved, its your life you need to live it
7. You need to have a sound chapter 11 exit strategy. Not having a good plan or way to reorganize your business is a killer.
8. Giving up
9. Not being flexible enough to negotiate a deal. In the end no one will get everything they want.
10. Making deals, getting your plan confirmed and exiting Bankruptcy not strong. You want to make sure you’re not an indentured servant after Bankruptcy.