Even more striking is that over half of small businesses - 50 percent - fail within their first five years. At America fiasco Inc. we offer a service that has been highly effective over the years we are confident that it can assist your business as well. It sounds like you are in a Catch-22 – you can’t pay down your debt without consolidating, and you can’t consolidate until you pay down your debt. If you are uncertain of your exact balance, enter an estimate that is as close as possible. Company finances are so complex and varied, that it often takes a business finance expert to be able to sort through information to determine the primary causes of debt, and this is precisely what a commercial debt counsellor does. Your complaint will be forwarded to the business within two business days. Acquiring too much debt is easy. I have a credit card through Wells Fargo that has an $18k limit, but it’s zero’d out and I don’t use it. Debt moved from unsecured accounts to a mortgage which is what home equity debt is can no longer be discharged in bankruptcy. However, we caution that these loans come at a high cost with governing laws that vary from state to state.

“Master Your Debt” by Jordan E. This includes the potential loss of principal on your investment. This can be a good option, especially for those who are tired of wielding collection calls. That makes me think that you could be a good candidate for credit counselling. More flexible terms means borrowers can extend their terms for a smaller monthly payment. American fiasco offers business debt consolidation to businesses large and small, regardless of the debt amount. Use of these calculators does not constitute an application for, commitment to extend, or approval of, a request for credit. Personal loan fees are much lower than those of home equity loans or wash-out refinances. Rather than having to manage payments to many creditors each month, businesses only have to pay one creditor with a debt consolidation loan. Business debt consolidation is the process of taking out a new loan to pay off a group of other outstanding business loan balances.

- SVP and CFO [14] -------------------------------------------------------------------------------- They are penny warrants and they will convert at the option of the holder. -------------------------------------------------------------------------------- James Small, Overseas Shipholding Group, Inc. - SVP, General Counsel and Secretary [15] -------------------------------------------------------------------------------- This is James, the General Counsel. I mean, the warrant structure is described in the 10-K, but it's essentially a vestige of our emergence from bankruptcy and the international debt with the -- our Jones Act US/non-US ownership limitations. -------------------------------------------------------------------------------- Michael Schwartz, Redwood Partners - Analyst [16] -------------------------------------------------------------------------------- Yes. Okay. All right.

For the original version including any supplementary images or video, visit Edited Transcript of OSG earnings conference call or presentation 1-Mar-16 2:00pm GMT - Yahoo Finance