Business Debt Relief

BUSINESS DEBT RELIEF PROGRAM

Our business debt relief program can lower your payments, reduce your interest rates, extend the period of loan repayment time to payback your loans, and settle your account(s) for less than what you owe.  Our business debt relief attorneys can begin to negotiate on your behalf immediately, helping you keep your business open and operating by providing you with access to additional working capital needed to effectively run your business.

Once retained, we will contact your creditors or collection agencies and provide them with formal notice that you are now represented by counsel directing that all future correspondence or communications regarding your  accounts must go through your legal counsel only, and to immediately cease any and all contact with you directly.

There are many available options to provide you with immediate business debt relief and to ultimately resolve your business debt.  Restructuring, Forbearance, Settlement, Legal Defense and even Bankruptcy are available for you to discuss with our team of lawyers.   Our team is here to discuss all of your potential options with you and to help you decide which options are best in light of your particular circumstances.

When you face loan-related problems, you need lawyers who really have the credentials, knowledge, expertise and experience.  We can help you find the best way to solve your problems and navigate your financial troubles.  Aside from helping you deal with the relentless collectors, we also find ways to reduce your debt.

BUSINESS DEBT

It is fairly common for small business owners to utilize whatever funding they can get to finance their business, such as merchant cash advances, business credit cards and personal credit cards.

When business is good – this makes perfect sense.

Unfortunately, when times are tough small businesses have few choices if they want to continue to wait for their situation to improve.  Borrowing against personal assets and using consumer credit cards often become a necessity for survival.  When downturns persist, easy credit can turn from saving the business to sinking it by loading up an unmanageable level of debt with high interest rate charges.

MERCHANT CASH ADVANCES

If your small business debt comprises mostly of Merchant Cash Advance Debt, Prime Legal Firm has two options available to you:

• Settle the debt for a reduced amount.  For a successful debt settlement deal, you have to prove that your company is experiencing financial hardship. 
  Furthermore, the business must be in the position  to access funds for repayment.
• If debt reduction and settlement is not an option, we may be able to modify the terms of your Merchant Cash Advance making it more affordable for you to pay back.