Corporate Turnaround reviews and complaints
Deceptive practice and fraud
I consulted with Corporate turnaround about a business debt for 25000. Iwas told that they would resolved the debt for 25 % of what was owed. I was paying them 250 per week. in all total I payed 10.000 to Corp Turnaround. After reaching 6000 in payment I was told that it had been resolved. About 1 year later I received a letter from the creditor that I owed...
Read full complaintDebt restructuring
Corporate Turnaround is a complete SCAM. Avoid this company at all costs. We have recently terminated our agreement with CT after they withdrew more than 68 thousand dollars over the past 3 years of which only 25 thousand of that went to our creditors. There is NO transparency with CT. Adam Lang will lie to you every step of the way telling you things like...
Read full complaintBusiness debt settlement
I reach out to corporate turnaround to help me settle business debt with my creditors around august 2019, since then I have been making weekly payments until covid 19, approximately 10, 000 in payments. I could see my statements thru corporate turnaround portal that allows you and helps track the account and your payments. It was to my big surprise that...
Read full complaintDeception
I am posting this in the hope that it will help someone not fall into the same trap as I did. I had accrued business debt at a time that reimbursement for my business took a significant cut. I was desperate and ended up signing up with Corporate Turnaround. If you stick with them, and are able to survive the duration of the process, they may be helpful. However, I subsequently had to file a Chapter 11 to restructure my business. Corporate Turnaround took $120, 000 out of my account over a 10 month period. They did return $32000 at one point when I needed to make payroll which was helpful. There was very little paid out to the creditors over that period. I do blame myself for being duped; however, when you are in the process of possibly losing your business, it is very easy to fall prey to companies such as this. They tell you that they only make 35% of what they save you. What is not clear is that they take that 35% out immediately rather than over the length of time the payment are being made to your vendors. Of the $88000 they took from me, they claim to have nothing left. I could have kept my vendors at bay myself with $88000, or have filed the Chapter 11 sooner, and had the money to help my business restructure. Once you have made a deal with this devil, you are stuck with it. Think long, and hard before you do it.
Company Business Name: Corporat eTurnaround
Country of complaint: United States
The complaint has been investigated and resolved to the customer’s satisfaction.
Fraud, Overcharging, Deceptive Practices
I signed up with Corporate Turnaround, February 2009, to help me with my creditors and collections. I researched as much as I could find, but when they showed up on the SBA/SCORE website as a Partner, I figured they were probably a good company. At that time, I submitted 11 creditors, some were credit cards, and some were subcontractors we owed money to...
Read full complaint and 17 comments
I signed up with Corporate Turnaround, How do you get out from under contract with them? I'm considering doing a Chapter 11 for my business. Any Info on how to get out of the contract would be appreciated.