Negotiate & Settle Debts – Restructure Obligations

Business Debt

Negotiate & Settle Debts – Restructure Obligations

When we form businesses and make investments, we only see the good side and hope for positive outcomes. But we have all had business ventures go in the wrong direction and/or had investments not turn out as hoped. We came across bad information on which we relied, bad people we had not expected, bad economies we did not foresee, political events we could not control, and new technologies we did not anticipate.

Businesses run into trouble for many reasons. Lower revenues and higher than anticipated expenses are the biggest problems. Sometimes you fall behind on bills and payables and things begin to backup on the company. Other times, you may feel that money being sought is not owed by your company because the proper product or service was not provided.

​Once the issue is clarified, there are different ways to deal with such problems, from disputing claims, to trying to settle amounts due. We can help you to set the desired approach based on the circumstances of the debt(s) at issue, and also by looking at the overall picture of your company.

Sometimes, your business is not being paid timely by its own customers (open receivables), and that is causing your company’s debt or cash flow issues.

​When customers and clients who don’t pay bills are the problem, sometimes it takes an aggressive approach to let them know you are serious about being paid. Other times, it is a sensitive topic that requires tact and care, so that relationships are not disturbed and more business can be done in the future.

​Neil Siskind’s over 22 years of experience advising businesses in their operations can help you to define your issue(s) and take effective steps to solve problems with your late payables and collections against your business for monies you owe, or problems related to monies owed to your company (receivables).

​When it comes to help with your own debts and/or obligations, you want an attorney who has his or her own business experience, in addition to legal experience. Most attorneys have never operated manufacturing, real estate, sales, or other businesses and understand the importance of supply chains, shipping dates, product development, warehousing, factoring, distribution channels, counter-party relationships, technological advancements that alter streams of commerce, or even leasing large spaces for different divisions of a company. It’s not just about debt law- it’s about maintaining relationships, reputation, and profits. Dealing with your payables and debt while trying to maintain integrity and relationships is a delicate balance that requires skill- not just legal tactics. It takes someone who intimately understands industry, finance, and the economy- and not just law.

My services are designed for businesses that have valuable relationships, that value their reputations, and that want to keep operating, and that are affected by various areas of the economy and a variety of financial factors.

You need not wait until it’s too late. If you think you may begin to fall behind on future obligations, such as leases, loans, contracts, or payables, call today to devise a plan for reaching out to other parties to renegotiate terms before things become a problem.

​If you want the business experience and legal skills to handle debt and business challenges properly, I look forward to talking with you.

​Note: We also handle commercial debt collection actions for businesses (B2B). These are not actually “debt collections”; they are legal steps and procedures taken pursuant to a breach of a written or verbal agreement to pay a sum certain for a product or service. We handle these on a contingent fee basis. Contact us today to discuss monies and/or receivables owed to you.

Email us today at to learn about our flat and contingent $250.00 fee per-debt “debt help service” for New York businesses. You only pay if we achieve your goal.

Business Receivables: The Longer You’re Owed Money, The Less Likely You Are To Get It- By NEIL S. SISKIND

It can sometimes feel like giving someone more time to pay invoices, debts, or recievables, will offer them a better likelihood of accumulating the funds and paying the monies due.

Probably not true.

The more time you wait for your money, the more likely that it’s going to another creditor, or that your debtor goes out of business or files for bankruptcy, or that the lack of discipline your putting on your debtor is causing that debtor to put you off, because he or she can.

The more a debt ages, the less likely you are to get paid. Meanwhile, you may, in turn, owe money to someone on which interest, and ill-will and reputational damage, accumulates.

When you let receivables continue to accumulate or grow, it’s your own lack of discipline and good stewardship that is to blame for hits to cash flow and margins. You’re trying to be nice to the customer or client, perhaps, but you’re not being nice to your company, or to your employees, or to your vendors, or to your lenders, or to your credit. You’re putting everything at risk.

Finally, after time, there is no other way other than through aggressiveness and a lawsuit to try to get paid. And then you’ve gained nothing, and lost plenty- including any profit margin on the transaction, and any remnants of the relationship with the debtor.

If your owed money- get paid. There are proper ways to handle it based on the particular circumstances, and with the proper help.





Neil S. Siskind, Esq., President
The Siskind Law Firm
Tel: 646.530.0006

Neil Siskind is the Founder & Chairman of The Fatherhood Assignment
Learn more at:

Neil Siskind is the Conservator of the Neil S. Siskind Nature Preserve

The Neil S. Siskind Nature Preserve is over 8 acres of environmentally-pristine waterfront land in a magnificent setting along New York’s majestic Hudson River. The Preserve includes a variety of species of animal and plant life, and is a precious example of the thoughtful maintenance of New York’s priceless open spaces. The land’s uses are limited to outdoor recreation such as hiking and climbing, and the study of ecology, nature and land use. The Neil S. Siskind Nature Preserve allows for the intelligent contemplation of our valuable natural resources and the most effective ways to maximize them and keep them protected.

Neil Siskind, Founder, “National Fatherhood Day” – March 29th

To encourage recognition of the needs of boys and girls who are living without fathers or father-figures in their lives.

Read about the non-profits and charities whose missions Neil Siskind supports and promotes:
Caring is Free®

You can read what clients and associates say about Neil Siskind at:

Neil Siskind’s Volunteer Work:

– Memorial Sloan Kettering Cancer Center, Volunteer

– Memorial Sloan Kettering Cancer Center, My Fundraiser- Help Neil Siskindhelp children with cancer to be more comfortable:

– Make-A Wish Foundation- Help Neil Siskind make sick children’s wishes come true by creating your own fundraiser: Neil-Siskind/Help-Make-A-Child-Smile.htm

– Donate to one of my needy public classrooms:

– Champion Children– We seek to inspire people through stories of children who have overcome challenges:

Neil Siskind’s Pro Bono

– Saving Senior Citizens- Protecting New York’s senior citizens from fraud and financial abuse

– Senior FreeStart Business– Pro Bono: We seek to help put senior citizens in the right direction so that they can face the challenges of the modern economy:

– Veteran FreeStart Business– Pro Bono: We seek to help put Iraq and Afghanistan war veterans in the right direction so that they can face the challenges of the modern economy:

– In development: The Neil S. Siskind School of Hope: A free school to teach inner-city youths the skills of entrepreneurship and importance of economic self-sufficiency.

Neil Siskind’s Government Work:

– Suffolk County District Attorney’s Office, Boston, MA, 1994, Intern
– Office of Senator Christopher J. Dodd, Newington, CT, 1992, Intern
– Hartford County Department of Probation, Hartford, CT, 1991, Intern

Neil Siskind’s Community Assistance:

Financed & operated a legal clinic providing low-cost legal services to struggling Long Islanders during the recession to help clients resolve debt, organize finances, and launch new businesses.

Neil Siskind’s Professional Curriculum Vitae:

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