“American Finasco has not only handled our account very promptly and professionally, but has also produced a financial result far greater than we anticipated.”
“It was when I almost hit rock bottom; we met, discussed our financial situation, and almost two years later I can happily say we show a profit rather than a loss.”
“All the creditors’ calls to my company, which contributed to our already stressful situation, ceased once American Finasco contacted them on our behalf.”
“I have been impressed with your professionalism, timeliness of execution while taking into consideration the various sensitivities of our providers.”
“Our attorney was getting nowhere with our creditors who were threatening litigationвЂ¦I was greatly surprised how quickly they were able to negotiate payment schedules and settle the claims against me.”
National Attorney Network
A network of attorneys is available to handle necessary legal matters and court filings on your behalf. This is accomplished at a fraction of the cost of most other attorneys’ who will ask for a large retainer before they will accept the case. Read More
Third Party Intervention
Third-party intervention facilitates a new line of communication between debtors and creditors. The resulting solutions are extremely attractive to business owners. Read More
American Finasco, Inc. provides a variety of services to corporations who are unable to meet all or a portion of their current financial obligations. Established in 1987 as a commercial debt management company in Houston, Texas, American Finasco has served thousands of clients. Read More
Mitchell W. Vicknair acquired American Finasco and became its President/CEO in 2009. After spending the majority of his career directly involved in management roles with banking institutions. Read More
If you are a small business owner or president, and are considering a Chapter 11 Bankruptcy, you should carefully review the changes in the new law, which took affect on October 17, 2005. The new law (BAPCPA) named “The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” has not only made it much tougher for consumers filing bankruptcy, but has also included several changes that are not friendly to small business owners. Read More
A charter school in Arizona in operation since 1984 suffering from decreased student enrollment, competition, and significant decrease of funds from governmental contributions assigned one lawsuit claim to American Finasco. The claim was for breach of contract for delinquent loan payments for computer equipment in the amount of $217,000.00, and personally guaranteed by the client.
Settlement was successfully negotiated for a total cost to our client of 57%. American Finasco also obtained a 42-month payout to the creditor with payments less than the original loan. Client was able to keep all of the computer equipment with minimal attorney fees being charged.
From the President of a Gift Catalog Company in MD
I would like to extend my appreciation to American Finasco for the outstanding results of the service that was provided to my company. I discovered American Finasco through their website during my search for an organization that assisted commercial businesses experiencing financial distress. We assigned 127 creditor claims that totaled $315,643.00.