Debt Settlement is the agreement to resolve a debt through a reduced amount. Accounts that are not paid go through the debt collection process. The debt collection starts with collections calls and can escalate to litigation and enforcement and execution of a money judgment. It is common that as the account falls further behind in payments, the creditor, collections agency or debt buyer of the account is willing to negotiate such debt at a lower amount. It is important that a debtor be represented by counsel that is knowledgeable about this process and know the creditors so that the best possible settlement is reached. A debt settlement is typically available at any point of the collections process, including litigation. Debtors must be careful with debt settlement companies who offer debt settlement services but who are not attorneys and not offering legal representation. If you would like to explore the option of debt settlement, please contact our office at 561-544-0944.