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Debt Settlement Process

A lot of honest, upstanding people are facing difficult financial situations in the current economy. Bankruptcy is a solution that works for some, but it is not the right solution for everyone seeking a way out of overwhelming debt. Paying off existing accounts – even without incurring new debt – can mean years or even decades of paying the debt and the continuing high interest charged.

At our law firm, we offer free consultations for people looking for workable solutions. There is no pressure and no blame ever assigned. Our lawyers listen with respect and concern in all discussions about your debts.

  • An experienced debt settlement attorney will review your current financial situation, including your income, real estate and other assets.
  • We will analyze your current budget needs and your income to determine what is owed and what you can afford to pay.
  • If you have significant unsecured debt and the financial means to settle, and if bankruptcy is not a viable option, you can choose to engage our debt settlement services.
  • If bankruptcy is an option, your lawyer will refer you to a bankruptcy law firm.
  • We will quote a reasonable flat fee up front based on the amount of your debt.
  • Our law firm will send letters to your creditors, telling them we will represent you and handle all further contact.
  • You will never again need to talk to your creditors. We will handle all communications.
  • Your attorney will establish a dialog with your creditors and negotiate a settlement.
  • We will set up a plan to put aside the settlement money.
  • We will meet with you as often as monthly throughout the process.

The debt settlement procedure, from start to completion of the settlement, can take as little as six months to as long as three years and result in up to 50% debt reduction

There will never be any pressure or obligation to engage our services , but you will leave the consultation with an understanding of your options for getting out of debt. If business debt or personal debt has grown unmanageable, talk to an experienced lawyer about negotiating a settlement. Contact us for a free appointment.