The Bessenbacher Co. has worked with a diverse group of companies that have credit issues not only specific to their industry, but also unique to their company. Sometimes it just helps to have an outside perspective to find the right solution to a problem, and The Bessenbacher Co. staff is ready to help you.
We can help you address a workflow problem, a troubled customer, or just about any problem facing your credit department. We have a proven track record. The following are just a few examples, but they should give you a taste of some of the innovative ways we have helped address some collection problems. Contact us at info@bessenbacher.com to learn how we can help you.
Debtor Reorganization
A few years ago, we had a client who had a debtor who owed a significant amount of money and was on the verge of bankruptcy. After attempting collection through traditional methods, we contacted the debtor, with the permission of our client. After talking to the debtor for awhile, we were able to assist in a reorganization plan and create a reasonable debt payoff schedule. By going the extra mile, the debtor avoided bankruptcy and our client got paid.
Persistence Pays
Sometimes bankruptcy is inevitable, which was the case when TWA declared bankruptcy several years ago. After the bankruptcy was declared, there were numerous companies trying to resolve the preferential payment portofolio. At first, there wasn't a lot of movement, until The Bessenbacher Co. brought our experience and committment to the project.
A Truly Innovative Solution
A few years ago, The Wall Street Journal featured our innovative solutions - a yard sale featuring the remaining inventory of a company on the verge of foreclosure. While accepting inventory for payment isn't standard practice for The Bessenbacher Co., it proves we are willing to think "outside the box" and get results.
