Your creditors can be contacted and informed of your financial position. They may be willing to assist by giving you more time to pay, or agree to renegotiate the loan amount or loan payment terms. The difficulty with such an arrangement is that it is not binding on all creditors.

Needless to say, the more creditors are involved, the less likely an informal arrangement is to be successful.

Our contacts know how to negotiate a successful informal agreement. They have good working relationships with all institutional creditors. They can assist you in preparing a proposal to your creditors an also lease on your behalf with them.