YOU ARE NOT ALONE. The average household in America has over $25,000 in unsecured debt. Although you have rights and protection under the Federal Fair Debt Collect Act, with delinquent debts, your income, assets and credit may be exposed to garnishment or seizure. Timing is crucial here. We can help resolve your debts now, but delaying action will only cost you more money and headaches.
Most new and small businesses have no choice but to sign personal guarantees
for office machines, inventory, and credit. It is common for individuals to
be bound to personally guarantee the payment of business loans, debts, judgments,
and debts of others. Typically, we are going to get a better deal resolving a delinquent debt before it goes to a lawsuit. But we can assist you at any stage of the delinquency.
If you have personal debts or personally guaranteed business debts, and the
business is having financial difficulty, is closing, or has closed, your
personal obligation may remain, even after the business is gone. In most situations,
not only could you be liable for the original debt or judgment, additionally,
you will likely be liable to repay all monies owed, plus accrued interest, attorney's
fees and court costs and collection fees.
If you or your company has old debts....call us to help clear them from
your books. We can reduce and / or structure those debts to allow you to
clear old debts and obtain new credit.
Contact our office at your first sign of financial problems, so that we may assist you with your personal and business debt issues. The sooner you contact us, the more options we may have to reduce or restructure your debts or judgments, and save both your personal and business income and assets.