Practice Areas

Practice Areas - Debt Settlement

Debt settlement companies are notoriously untrustworthy.  Many of these companies do not have a physical address and will simply take your money without doing any work.  Debt settlement however can be beneficial if done properly by a law firm with experience helping people with debt.  For instance, if you do not qualify for bankruptcy or simply do not want to file for bankruptcy then debt settlement may be a viable option.

Many consumers try to settle debts themselves and without the assistance of an attorney.  This is generally not a good idea because you are entering into a binding legal contract with these creditors and you need to be certain that the creditor is going to follow through with the agreement.  Many creditors want a settlement payment within 24 hours and will only give you a written confirmation of settlement after the money is paid, this is usually a trap.

Let us examine your financial situation and advise what your best option is regarding any type of debt settlement situation.