Sometimes bankruptcy is not right for you, but you also cannot afford to wait until your creditors take you to court and seek judgments against you. If you can’t afford to pay everyone in full, but still have enough money to pay part of your debt, then you may want to settle your accounts on terms you can afford. An Alabama debt settlement attorney may be more helpful than a bankruptcy lawyer.
I have saved clients thousands of dollars by negotiating settlements with their creditors and I routinely settle debts for 25%, 18%, or even 12% of the balance owed. How do I do this?
Even if you owe a large amount of money, most banks, credit card companies, and debt collectors know that collecting from you by force is a risky gamble. You may have counterclaims or defenses, you may be judgment proof, or you may file bankruptcy at any moment. With an experienced debt defense lawyer on your side, they know that proving their case against you in court is far from guaranteed, and that you’re not going to be easy pickings for them anymore.
I read all of their documents; I challenge their ability to prove the debt is owed; I let them know what sort of financial hardships you face; and I let them know that you are prepared to fight if necessary. Debt collectors are like jackals: once they know that you are not an easy target, they become much more willing to take a small settlement just to get rid of you. All of these factors go into consideration when you are negotiating a settlement you can afford, and if you have wages or property at stake, then you owe it to yourself to negotiate fully armed with the best available information and legal advice.
Debt settlement is something you can do on your own if you have the time, patience, negotiation skills, and desire. I’ve written an entire book about the subject for people who are interested in DIY debt settlement. But your case may be stronger than you think, and an experienced debt defense lawyer can help you be sure that you don’t pay a dime more than you should.
If you think you may need professional legal help settling your debts, give me a call at 251.272.9148. I have negotiated debt settlements for clients at discounts of as little as 12% of the amount owed. Every case is different and there are many factors that can influence the likelihood of getting a good deal. Together, we can analyze your case and figure out the best way to get out of debt while spending as little money as possible.