Bankruptcy Lawyers Near Me

Created/changed by: BankruptcyLawyers

Address details

New York, NY 10014

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Coordinates

N40° 44' 11.80968" W74° 0' 34.00956"   (40.7366138, -74.0094471) Start navigation »

Phone & WWW

646-630-9043
http://www.gursoylaw.com/bankruptcy

Business hours

Mon - Fri 8.30 a.m - 7 p.m
Sat 9 a.m - 3 p.m

Info

If you are behind on your debt, you may have been told that a debt settlement could be an option. Debt settlements are when a creditor is willing to settle your debt for less than is actually owed. For example, if you owe $10,000 in credit card debt that is way past due, the credit card company may accept a one-time payment of $7500 as ‘payment in full.’



On the surface, this certainly sounds like a great option. You can save a lot of money, and get your debts paid off quickly. And, in some cases it can actually be a good strategy for getting out of debt more quickly. Having a fuller understanding of how this type of thing works, and what potential issues with it there may be, is an important step in deciding if it is right for you.

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