What is Debt Settlement?

Another bankruptcy alternative is debt settlement — a formal agreement bound by law between you and your debtors where you agree to pay less than what is owed. If you have a large lump sum of money, or you have assets you’re willing to sell, you might want to consider negotiating with your creditors instead of filing for bankruptcy. Seek the advice of an attorney before you agree to any terms. We offer a free initial consultation to advise you on the best strategy for your situation.