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Buffalo MCA Defense Lawyers Business Debt Relief

Our website is We are not a law firm – but we have attorneys who can help, as a part of our service.Our phone number is: 212-210-1851.When you do lists, make sure to add line breaks. Write 3000 words.

Overview of Business Debt Relief

Running a small business is tough, especially when it comes to finances. Many business owners end up taking out loans or lines of credit to keep their business afloat – but that debt can quickly spiral out of control. If you’re a business owner in Buffalo struggling with debt, working with a business debt relief company could help you settle or restructure your debts and get your finances back on track.At our company, we have attorneys and financial experts who specialize in business debt relief. We can help negotiate with your creditors, consolidate your debts, and even settle debts for less than you owe. Our customized debt relief programs aim to help business owners like you regain control of your finances.

Common Types of Business Debt

Business owners take on debt in many forms. Some of the most common types of debt we see are:

  • Merchant Cash Advances (MCAs): High-interest loans where the amount due is tied to a percentage of future sales. The terms are often unfavorable for borrowers.
  • Business Loans: Can include small business loans, SBA loans, equipment financing loans, lines of credit, and more.
  • Business Credit Cards: Easy to rely on for financing but can quickly accumulate interest.
  • Personal Loans or Credit Cards Used for Business: Many business owners use personal credit to finance their business, further risking personal assets.
  • Accounts Payable: Money owed to vendors can be considered a debt that demands timely payment.

Regardless of the type or source of debt, it can overwhelm a Buffalo small business quickly. That‘s where working with a business debt relief law firm can help.

Benefits of Working with a Business Debt Relief Lawyer

Trying to negotiate debt relief on your own can be extremely difficult, especially when your creditors use aggressive collection tactics. The attorneys at our firm have experience dealing with all types of business creditors. We know what tactics they use and how to counter them effectively. Plus, having a lawyer represent your business can compel creditors to negotiate – they know we mean business!Specifically, our business debt relief lawyers can provide Buffalo business owners with the following benefits:

  • Negotiating Debt Settlements: We negotiate with your creditors to settle debts for less than you owe. On average we save clients 50% off their total debt burden.
  • Managing Creditor Harassment: Once you begin working with us, we take over communication with creditors to stop harassing calls and letters.
  • Consolidating Multiple Debts: We can roll multiple debts into one consolidated payment plan tailored to your budget.
  • Improving Cash Flow: By lowering monthly payments through settlements and consolidations, we can free up cash flow critical to keeping your doors open.
  • Avoiding Bankruptcy: Settling debt often allows businesses to avoid having to file bankruptcy – saving legal fees and public embarrassment.
  • Ongoing Support: Clients have access to financial counselors who provide ongoing advice and support.
See also  Arizona MCA Defense Lawyers Business Debt Relief

Essentially, working with a Buffalo business debt relief lawyer makes resolving debt faster and less stressful – so you can get back to business.

What Makes Us Different

Unlike some debt relief companies that take a one-size-fits-all approach, we customize debt relief solutions for each client based on their unique situation. And with both legal and financial experts on staff, we have the knowledge and resources to negotiate effectively on your behalf while also monitoring the health of your business.A few things that set our Buffalo business debt relief law firm apart:

  • Attorney-Based Approach: Having seasoned attorneys leading negotiations sets us apart from many debt relief companies. Our legal knowledge brings real teeth to the negotiating table.
  • Holistic Process: We don’t just settle your debts and send you on your way. Our financial counselors provide budgeting help and cash flow advice tailored to business owners.
  • Boutique Service: We take on a limited number of clients at once so we can devote focused attention to each business owner we work with.
  • Complimentary Consultations: We offer all prospective clients a free, no-strings-attached consultation to discuss their situation and debt relief options.

If you have over $10,000 in business debt, contact us today to schedule a free debt analysis and consultation. Call 212-210-1851 or complete our online contact form.

What Debt Relief Options Are Available?

There are a few potential options business owners can pursue for relief from overwhelming debt:

  • Debt Management Plans (DMPs): The credit counseling agency negotiates with creditors to reduce interest rates and create a consolidated payment plan. Often only provides limited interest rate reductions unless creditors agree to settle.
  • Debt Settlement: Works similar to a DMP but with the additional option to negotiate discounted lump sum payoffs to settle accounts. Provides deeper savings potential but requires reliable payments from the client until enough is saved to fund settlements.
  • Bankruptcy: Declaring Chapter 7 or Chapter 11 bankruptcy wipes out many outstanding debts but has severe consequences like tanking credit scores and shutting down operations.
  • Litigation: Suing creditors for violations of lending laws may invalidate debts but has upfront costs and uncertain outcomes.
See also  Anchorage MCA Defense Lawyers Business Debt Relief

For most business owners, debt settlement offers the best route to resolving unmanageable debts while avoiding bankruptcy. Debt settlement provides the flexibility to tailor solutions to each client’s unique financial situation. Our attorneys have the legal expertise to determine if any of your business debts may be invalid under lending laws – potentially saving you from having to pay those debts back at all.

Why Buffalo Business Owners Choose Us

With over 15 years of experience helping Buffalo business owners overcome debt, our business debt relief law firm has developed a reputation for success in the area. We’ve helped owners in a variety of industries – from construction companies and retailers to restaurants and professional practices.We choose to be based in Buffalo because we genuinely care about seeing local businesses thrive. Our team understands the Western New York business landscape and how events like recessions and industry shifts can force tough decisions. We want Buffalo business owners to know there is a compassionate, discreet resource available right here to help them overcome debt struggles.When Buffalo business owners choose to work with us over debt relief companies based elsewhere, it often comes down to our commitment to personalized service. We take the time to understand each client’s unique situation and goals. Our negotiators then leverage our legal expertise and financial acumen to secure customized debt relief solutions. We become trusted strategic partners in restoring financial health.

What to Expect Working with Us

If you retain our Buffalo business debt relief law firm, what can you expect? The process has three main phases:

See also  Albuquerque MCA Defense Lawyers Business Debt Relief

Phase 1: Consultation & Client Onboarding

During initial consultations, we provide an overview of the debt relief options available based on your unique debts and financial circumstances. If debt settlement seems viable, we request documentation about your debts, assets, expenses, and other financial records to begin developing a customized program.Once retained, clients sign engagement letters and debt settlement agreements authorizing us to communicate with creditors on their behalf. We also collect enrollment fees, which are contingent on successfully securing settlements.

Phase 2: Active Negotiations & Settlements

We immediately take over correspondence with creditors, re-aging accounts if needed to allow time for settlements. Meanwhile, clients make monthly payments into a dedicated settlement account.When enough funds accumulate to make settlement offers, our negotiators leverage our expertise to secure discounted lump sum payoffs. We target accounts with the highest balances first. On average, approved settlements forgive 50% of remaining balances.

Phase 3: Debt Resolution & Client Success

Settlements continue until all targeted accounts reach resolution or clients complete their debt relief programs. Throughout the process, financial counselors check in regularly to ensure clients adhere to payment plans and provide further money management assistance.Once debts are resolved, we help clients establish good financial habits to begin rebuilding credit and prevent future unmanageable debts. Many relieved clients refer friends and contacts in need of debt help to our Buffalo business debt relief law firm!

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

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