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Debt Restructuring/Workout


Credit  card  debt  workout  means a well-negotiated settlement  of  the credit card debt. Under this scenario, the person will satisfy the outstanding debt with paying a lower amount than the actual debt sum.

Creditors agree to debt reduction arrangements where they feel a settlement of the debt will be in their best interest.  In most cases they come to this conclusion because the person requesting the debt negotiation appears to be a legitimate candidate for bankruptcy.  Knowing that in most bankruptcy cases they would receive nothing, they opt to take a discounted settlement on the debt rather than receive zero dollars in a Chapter 7 bankruptcy or   fractional monthly payments in a Chapter 13 bankruptcy.

The benefit of going to an attorney that offers credit card debt settlement is that an experienced attorney will do the work of negotiating your credit card debt settlement  using both state and federal laws to your benefit.
 

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Harry J. Ross
Attorney at Law

6100 Glades Road
Suite 211
Boca Raton, FL 33434

Phone: 561-482-2400
Fax: 561-482-2602

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