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Q.
Should I file Bankruptcy?
A. Bankruptcy
should be your very last resort and only after seeking the
advice of a licensed attorney. Bankruptcy and its drawbacks
stay with you for up to ten years. If you have enough discretionary
income to resolve your debt over time, we recommend that
you attempt our debt restructuring program in lieu of filing
bankruptcy. Resolving your debt through our program will
have a more positive impact on your credit rating in the
long run.
Q.
Can’t our attorney handle this type of problem?
A.
Yes, but negotiating with creditors is what we do, and all
we do. That is our specialty. We do not practice law or give
legal advice. We are independent negotiators. We don’t
bill by the hour like attorneys do. We don’t receive
attorney fees, either. And, if we are not successful, you don’t
pay anything, so you have nothing to lose.
Q.
Is your program like debt consolidation?
A. No, not exactly. We work with your creditors to negotiate fair and reasonable
payment plans that either extend your debt resulting in smaller payments
over time, and/or reduce your overall debt. Our goal is to negotiate what
you can afford while keeping your creditors satisfied.
Q. How long does the process
take?
A. That depends. The length of time for program completion
will depend on your having certain funds available to initiate
the program. The amount of time necessary to complete your
case will be discussed with you in your initial consultation
Q. Is my information kept confidential?
A. Absolutely. We are committed to maintaining complete confidentiality. Your
information will not be shared by anyone except those persons authorized to
receive information on your behalf. However, creditors will be advised that
you have contracted our service to assist you.
Q. What can I expect
from your program?
A. Expect a substantial debt reduction in the amount of debt you owe to unsecured
creditors. While results vary, we have settled outstanding debt sometimes
for as little as ??% of the total balance owed.
Q. Does your program work with every creditor?
A. While we cannot guarantee 100 percent participation in advance
with every creditor, we are proud to say that we have a very high success
rate. In fact, to this date, we have already settled $$?? dollars of consumer
and commercial business debt.
Q. How do you determine these settlements and reductions
with creditors?
A. Negotiating is our specialty.
This is what we do. It is our core business. Over the years
the need for our type of services has increased tremendously.
We take away the stress and pain business owners like you
experience and save you money by eliminating legal fees
and court costs. Our experienced staff and professional
approach really works.
Q. What if I don't have enough money to cover
the settlement?
A. We will work out a deferment program where you may pay back your debt
over a longer period of time.
Q. Can I get a settlement and deferment at
the same time?
A. Yes. In many cases a creditor may make a concession on the total debt
and still take monthly payments on the balance.
Q. Will I be able to do business with suppliers after
you have negotiated a settlement?
A. Yes, almost 100 percent of the time. Most companies want
your business to recover so that the may continue to profit
doing business with you.
