Reduce Debt: Business Debt Help, Personal Debt Help, Healthcare Debt Help- Contingent Fees

 

You Only Pay a Legal Fee if Your Debt is Reduced or Removed

 

Debt Solutions – for Debt Problems™

-Complete Debt Management, Debt Planning, Debt Reduction, & Debt Cancellation Legal Services
–Financial Remediation Following Fraud or Theft
–Sales and Acquisitions of Debts, Loans, and Judgments

 

 

We work for debtors against banks, landlords, medical service providers, product vendors, home service providers, private lenders, lawyers, business partners, collection agencies, debt buyers, utility providers, and any party seeking monies owed, or to whom or which payments from a consumer or business will become due. (We do not provide credit card help unless the amounts owed have been charged-off; we do not provide auto loan debt help.)

We re-negotiate business contracts (including loan agreeements, transactional agreements, and leases) to prevent defaults.

 

We can make attempts to reduce a debt or set-up a payment plan for the following types of situations related to debts or obligations of over $1,500.00 in value (in individual or total aggregate value)

Services are for “pre-lawsuit” debts, meaning that no lawsuit for the debt has been filed or served, or post-lawsuit judgments (paying off a judgment following a lawsuit or a default).

Business Debt –  Debts and general liabilities arising out of: A business transaction; purchase and receipt of a product or service, or; nonpayment of a business loan.

Personal Debt – Debt arising out of: Receipt of a service; receipt of a product; a personal loan (other than from a credit card company, unless charged-off); a health care related service; monies alleged to be owed for any purpose.

Credit Card Debt- Charged-off – Charged-off credit card debt means that your credit card company sold the debt to a “debt buyer” which is now attempting to collect the debt on its own or through a collection agency. We only fight charged-off debt (or debt where the credit card issuer has already told you that it will negotiate) where no lawsuit has been filed- or where a judgment against you has alaready been obtained.

If you negotiate with your credit card issuer on your own, we can review the final agreement they ask you to sign to make sure you are protected from further liability.

Medical or Healthcare Debt – Learn more here.

Elder Fraud Debt – Fraud or theft against a person over 70 years of age that results in illegal debts.

Attorney/Lawyer Communications: A communication (letter, email, or phone call) from an attorney representing a creditor requesting your response or a payment.

Debt Collector Debt– A communication (letter, email, or phone call) from a person or company claiming to be collecting any of the above on behalf of another person or party. (If we are retained to resolve the debt, we will also put a stop to harrassing calls and ensure that the debt it legitimate and that the collection practices are legal.)

Debt Buyer Debt– A notice (letter, email,or phone call) from a person or company stating that they are now the owners of a debt related to any of the above that they have purchased from another person or party (*we will negotiate credit card debt with debt buyers).

Contract Obligations– If you owe money, or will owe money in the future under a contract, we can try to re-negotiate payment or other contract terms.

Fraudulent Debt Claims – Any claim of money due that you believe to be fraudulent and untrue.

Identitity Theft – Stolen identity or personal information used to open accounts, borrow money, incur obligations, run-up charges, obtain identifications. We will work with companies, banks, or the government to set the record straight, remedy the problem, pull the laws, reverse charges, get money back, and pursue criminals.

Mistake in Identity – Debt collectors and debt buyers use databases and the Internet to locate debtors whom they otherwise can not find. Sometimes the identify the wrong person who has a similar name as the debtor as the person for whom they are searching. If this happens, we respond fast and hard to clarify the mis-identification so that no financial harm occurs to our client or to his or her credit and reputation.

Judgments – Once you have a judgment against you, it gives the creditor, who follows required procedures, the right to collect on the judgment, including costs and interest. If you wish to pay-off the judgment, you need a proper “satisfaction” of judgment to be filed by the creditor/plaintiff to prove payment. If you have not yet paid off the judgment, we can help negotiate a payoff amount, which may be less thatn the total amount due, and ensure that the plaintiff files all the required documents to release you from further liability.

 

 

Please note:

-We handle New York debts, only, and for at least $1,500.00 (individually or aggregated).
–We do not handle credit card debts, unless they are charged-off or the credit card issuer has already agreed to negotiate the amount owed, and no lawsuit has been filed- or where a judgment against you has been obtained.
-If a lawsuit has already been filed, we will not take the case on the contingent-fee basis, unless it is already a judgment.
-Payment plans: In some cases, a payment plan with a creditor may be established to payout a debt over time.

-We must agree that the amount you agree to settle is realistic or we will not take the case. Even if you may file bankruptcy, a creditor still has to be confronted with a reasonable number as part of a negotiation. Unless the amount owed is completely false, an illegal charge, or fraudulent, we will not take clients that want to pay nothing or a tiny amount to settle the debt, since it will not be accepted by the creditor. There must be some effort and ability to pay some portion of the debt.
(If no written settlement agreement is made, after six months without further contact by the alleged creditor, the debt will be considered settled, with the legal fee earned.)
-Legal fee may be a percentage of debt reduced or a flat fee, depending on the case.

If a lawsuit is filed before we are able (or unable) to reduce your debt, we can discuss your potential defenses, potential costs, and potential next steps.

 

 

 

 

Process:

-We will review your case develop a legal position or defense to payment and attempt to negotiate the amount owed down to a lesser amount or set-up a payment plan.
-We will require an engagment letter to be signed setting forth the terms of service.
-You will provide us with any and all documentation from the case (bills, contracts, receipts, letters, emails, record of phone calls, etc.).
-If both of this firm and you agree to the reduced amount we will attempt to have accepted by the creditor within an agreed timeframe, you will pay our legal fee into our attorney escrow account, to be drawn on if there is Debt Resolution, or returned to the client if not.
-We will prepare and/or negotiate a prepared settlement agreement with any creditor or counterparty.

If going to court is the only option after other efforts fail, at least you will be prepared with substantive and procedural knowledge, defenses, and options for legal counsel.

You may be taxed by the IRS or New York State on any amount of debt reduction. Check with your accountant to be certain of the tax implications of reducing a debt.

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Notes:

*We do not handle car loan defaults or credit card debt (unless the collection action is by a debt buyer and not the original company or if the original card issuer has agreed to negotiate with you, and no lawsuit has been filed- or where a judgment against you has already been obtained).
*If we take the case with the goal of reducing the amount of an obligation, you will be required to place our legal fee in our attorney escrow account, to be paid to this firm upon a Debt Resolution. If no written agreement of resolution is achieved, the legal fee is returned to client.

*Debt Resolution = An agreement by a creditor or counterparty to settle the obligation on terms requested by client (once a debt or obligation is resolved as requested by client, legal fee is due, even if client fails to make the agreed settlement payments).

Charges of third parties – such as overnight mail services and filing fees- are to be approved and paid by client.

*If litigation is eventually pursued, it would be on an hourly-fee basis.
*Individual case facts will cause different case outcomes.
*If we are retained by you, we will deal with collection agencies and collection laws.
*Representation in buying or selling debts and obligations is billed on an hourly fee basis.

Images on this webpage are actors used to portray clients. Actual clients’ identities and confidentialities are always protected.