Debt Settlement
Debt Settlement, also known as debt negotiation, is a process in which we negotiate directly with a creditor to reach an agreement that will settle the debt for a lower balance. Debt settlement can be a cost-effective solution for those with only a few creditors or nominal debt. Even for those who don’t want to or don’t qualify to file a Chapter 7 or 13, the mere threat of a bankruptcy filing (under which the creditor may receive nothing) coming from an attorney, can be effective leverage in making the creditor reduce your debt or offer a more advantageous repayment plan.
Our Results
Has your credit card or medical debt spiraled out of control? Are you being threatened by collection agencies or sued on a debt? Hire a lawyer to protect your rights and negotiate your debt for less than they’re demanding. On average, we achieve settlements for clients that are less than half of the amount owed, and in some cases the savings are greater. We are a debt relief law firm representing people like you. We represent consumers in collection cases brought by all major credit card companies and banks such as American Express, Bank of America, Chase, Citibank, Discover and Synchrony Bank. We have successfully negotiated favorable settlements with collection attorneys like Brock & Scott, Cooling & Winter, Hayt, Hayt & Landau, Howe & Associates, Ragan & Ragan, Stenger & Stenger and Zwicker & Associates.
While every case is different and prior results do not guarantee a similar outcome, there is no risk in finding out whether we can help you. We offer a no-obligation free consultation, and won’t accept your case unless we can save you at least as much as the cost of our services.
Call or email Martin Law and let us evaluate your case and discuss resolving your debts through negotiated settlement. You’ll feel better just knowing you have options!
Why hire an attorney?
Debt settlement companies, credit counseling services and debt consolidation businesses cannot defend you in court when you are sued by creditors. They can’t give you legal advice, and they can’t represent your interests when you have the opportunity to sue creditors and collectors for violating your rights — ONLY lawyers can do so. We are experienced in representing and helping people just like you resolve business and consumer debts. Contact us for a free consultation to see what we can do for you.
At Martin Law we handle only consumer and small business debt relief cases. We can review the facts of your case and make the best recommendations for your financial circumstances. We will negotiate with your creditors to reduce the amount you must pay to settle your debt, and set up an affordable payment plan.
Why should I avoid debt settlement companies?
Non-attorney companies that offer debt settlement services have a poor reputation in the U.S., particularly with the very creditors with whom you need to negotiate and who may sue you. And the industry is, unfortunately, plagued by scams.
A debt settlement company may commit to contacting your creditors on your behalf but fail to do so. They may even be able to have debt collection efforts temporarily halted but actually fail to negotiate the debt to an amount you can afford, all the while taking a hefty fee for themselves — out of your money! Even assuming the debt negotiation company does as promised, they will still face many obstacles that affect you. A creditor, many of whom are represented by a large team of attorneys, may up their game when they discover you are working with a debt settlement company instead of a law firm. This means the creditor might accelerate their collections process and file a lawsuit against you more quickly. If your case is taken to court, the out-of-state debt settlement company will abandon you as they are not local, not lawyers and cannot offer you legal advice or represent you in court. While this is surely not true of all debt negotiation companies, there is one thing that is true without a doubt: a law firm can better protect you and represent your interests.
Martin Law will provide legal advice to help you decide if negotiating a settlement on your debt is in your best interest. We will review all your options, including bankruptcy protection. While many view a bankruptcy filing as a last resort and hope to avoid it at all costs, it may still be your best option if you’re dealing with substantial debt that can’t be resolved through settlement. And it might actually improve your credit score! Martin Law offers debt counseling and Chapter 7 and Chapter 13 bankruptcy filings where necessary and appropriate.