Chat with us, powered by LiveChat



Memphis MCA Defense Lawyers Business Debt Relief

If you run a small business in Memphis and are struggling with debt, you may be feeling overwhelmed and not sure where to turn. At Delancey Street, we understand the unique challenges business owners face and are here to help provide debt relief solutions.

How We Can Help With Business Debt Relief

Our team of dedicated experts has extensive experience helping business owners navigate debt and get their finances back on track. Here are some of the ways we can help:

  • Debt Settlement – We negotiate with your creditors to try to reduce the amount you owe. Often we can settle debt for pennies on the dollar.
  • Debt Consolidation – We can roll multiple debts into one monthly payment so it’s easier to manage. This can reduce interest rates too.
  • Credit Counseling – Our financial experts provide guidance on improving your credit score and managing debt responsibly going forward.

At Delancey Street, every client gets assigned a personal debt consultant to walk them through the process. We make it as easy as possible to get your finances in order and move forward.

Common Causes of Business Debt

There are many reasons a Memphis small business might accumulate substantial debt, including:

  • Slow paying customers and late invoices straining cash flow
  • Unexpected costs like equipment repairs or lawsuits
  • Expansion costs for a new location or additional inventory
  • Economic downturns leading to reduced revenue
  • High interest loans or merchant cash advances

Of course, debt is not always a bad thing. Smart leverage can help grow companies. But excessive debt levels make it very difficult for any business to thrive long-term.

The Danger of Debt Spirals

For many business owners, debt starts small but can quickly snowball out of control. A little bit of debt leads to more debt to keep up with payments. Soon interest charges pile up and before you know it the debt load becomes unmanageable.This dangerous debt spiral impacts cash flow and makes it harder to operate the business. Owners often end up neglecting critical areas like marketing or customer service just to divert money towards debt payments.The good news is with the right help, you can interrupt the debt spiral and take back control of your finances. Which brings us to…

See also  Albuquerque MCA Defense Lawyers Business Debt Relief

How Our Memphis Business Debt Relief Program Works

At Delancey Street, our business debt relief program is designed specifically to help Memphis entrepreneurs escape the debt spiral trap. Here is an overview of how our process works:

  • Step 1 – Review: We thoroughly review your full financial situation including expenses, revenue, assets, and complete debt obligations. This helps us craft a customized relief plan.
  • Step 2 – Consolidate & Negotiate: We consolidate debts into one manageable monthly payment. Then we negotiate with creditors to reduce interest rates and principal balances owed.
  • Step 3 – Settlement: For difficult debts, we work aggressively to settle them through lump-sum discounts – often 40 to 60% off what you owe. This provides immediate financial relief.
  • Step 4 – Ongoing Support: Clients get access to credit counseling and budgeting guidance from our financial experts. We help you make changes to prevent future debt issues.

Our debt consultants handle everything for you throughout this process so you can focus on operating your Memphis business.

Addressing Merchant Cash Advance Debt

One particularly tricky debt we often see for Memphis small business owners is merchant cash advances (MCAs).Merchant cash advances provide quick access to capital based on a business’ expected future credit card sales. The catch is that the repayment terms are often excessive with very high effective interest rates.And because MCA repayments are taken automatically from credit card sales, they can quickly consume a large chunk of ongoing revenue. It becomes difficult to ever fully repay the MCA debt because the regular withdrawals prevent rebuilding business income.At Delancey Street, our team knows all the intricacies of MCA loans and how to effectively negotiate settlements. We’ve helped many Memphis business owners finally eliminate their MCA debt for good.

Other Services Business Owners Need

In addition to debt relief assistance, Memphis entrepreneurs can benefit from other specialized legal and financial services including:

See also  Atlanta MCA Defense Lawyers Business Debt Relief

Fortunately at Delancey Street our network of Memphis business attorneys and financial experts can provide trusted guidance on all these matters so you can focus on operating your company.

Why Delancey Street for Memphis Business Debt Relief?

What sets Delancey Street apart from other options for Memphis business debt relief? Here are a few key reasons to choose our services:

1. Customized Debt Relief Plans – We tailor solutions based on your unique situation rather than taking a one-size-fits-all approach. Our flexible programs give the highest probability of debt elimination.

2. Exceptional Negotiation Results – Our debt consultants leverage years of experience and proven tactics to negotiate outstanding settlements with even the most stubborn creditors. Clients are often amazed at the deals we secure.

3. Ongoing Budgeting Help – We provide the long-term budgeting support and credit counseling you need to avoid spiraling back into unmanageable debt. Our guidance helps you operate debt-free going forward.

4. Trusted Memphis Relationships – We maintain strong working relationships with local business attorneys, CPAs, bankers, and vendors around the city. This helps us resolve debt issues faster and amplify your influence in Memphis too.

5. Passionate Client Service – From start to finish you get white glove concierge-level service from our passionate team. We make the process smooth, frustration-free and as efficient as possible for your busy schedule.We encourage any Memphis business owner struggling with excessive debt to reach out for a free consultation. Our experts are ready to review your situation and put together a customized debt relief action plan. With the right help, you can break the debt cycle and get your entrepreneurial dreams back on track.

Frequently Asked Questions

Q: What types of debt does the Delancey Street program address?Our Memphis business debt relief services cover almost all types of business debt including loans, merchant cash advances, lines of credit, outstanding invoices, payroll taxes owed, personal credit used for business expenses, and more.

See also  Arlington MCA Defense Lawyers Business Debt Relief

Q: Can the program help with recent judgements against my business? Yes, absolutely. We can negotiate settlements or payment plans even after a judgement has been entered against your company. Taking quick action is key though before further collection efforts commence.

Q: What credit score is needed to qualify for the program? We do not have any credit score requirements. Our program helps business owners suffering from poor personal credit due to their struggling companies. We look at the full picture of your revenue, expenses, and debt to determine if we can help establish an improved financial path.

Q: How much does the Delancey Street debt relief program cost? Our fees are success-based as a percentage of how much debt is reduced through settlements and savings on interest payments. This keeps our incentives aligned for maximum debt relief. We only get paid if you save money.

Q: Can you help resolve tax debts like payroll taxes owed to the IRS? Yes, resolving IRS tax debt is one of our specialties. We have extensive experience negotiating Offer in Compromise deals and affordable installment plans that make tax obligations manageable again.

Q: How long does the program take? Every situation is different based on amount owed and creditor willingness to negotiate deals. However most of our clients achieve significant debt reductions within the first 6 months. And some see positive results in as little as 60-90 days. We move quickly to get you financial relief fast.

Contact Delancey Street for a Free Consultation

We hope this overview gives Memphis business owners a better understanding of the debt relief solutions available to get your company back on strong financial footing. To learn more or get a free consultation with no obligation, <a href=”tel:212-210-1851″>call us at 212-210-1851</a> or visit experienced team is ready to help you break the debt cycle and write a new entrepreneur success story. Call today and let’s talk about how we can create your business turnaround.

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

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
Connecticut Debt Relief Lawyers

Dealing with overwhelming debt can be a daunting and stressful…

Connecticut Timeshare debt relief lawyers

In today’s fast-paced world, timeshare ownership has become a popular…

Connecticut Medical Debt relief Lawyers

Medical debt is a growing concern for many Americans, and…

Connecticut Student Debt Relief Lawyers

Student debt has become a significant burden for many individuals…

Connecticut Debt Consolidation

Debt can be a heavy burden to bear, especially when…

Delancey Street simply gets it. You're talking to experts.
Steven Norris
Get Help Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Schedule Consultation