What We Do - Litigated Debts (Unsecured Debts)
Step One: Client intake - clients who contact our firm should thoroughly disclose all debts they have that may be in collections or are currently litigated. This information will create the landscape for how to effectively create settlement plans that will successfully completed, and ensure avoidance of Bankruptcy. Clients can then determine which accounts they would like assistance with, choosing to retain for a single debt case, or for all debts that are in litigation or will soon be in litigation. Client's can choose between several models of representation, from full attorney representation to simple document preparation or consultation for how to move forward.
Step Two: Upon completing a retainer agreement and remitting payment for the flat fee charged by our firm, clients will consult with Attorney McCarthy to determine the client's ability to repay - whether that is through a reduced balance lump sum settlement, or a settlement negotiated to have affordable monthly payments.
Step Three: Attorney McCarthy will begin work on your case by filing a notice of representation, and if necessary an Answer or Response, and begin contacting the client's creditor(s)/plaintiff's counsel.
Step Four: Upon contacting your creditors' Plaintiff's Counsels, our firm will negotiate a settlement that is affordable for the client. This may or may not include a balance reduction. No offers will be accepted without express client approval. Once a settlement is reached, Attorney McCarthy will execute the required paperwork and ensure proper filing with the court. Once an order is entered, we will send you the final agreement and court order for your records.
Step One: Client intake - clients who contact our firm should thoroughly disclose all debts they have that may be in collections or are currently litigated. This information will create the landscape for how to effectively create settlement plans that will successfully completed, and ensure avoidance of Bankruptcy. Clients can then determine which accounts they would like assistance with, choosing to retain for a single debt case, or for all debts that are in litigation or will soon be in litigation. Client's can choose between several models of representation, from full attorney representation to simple document preparation or consultation for how to move forward.
Step Two: Upon completing a retainer agreement and remitting payment for the flat fee charged by our firm, clients will consult with Attorney McCarthy to determine the client's ability to repay - whether that is through a reduced balance lump sum settlement, or a settlement negotiated to have affordable monthly payments.
Step Three: Attorney McCarthy will begin work on your case by filing a notice of representation, and if necessary an Answer or Response, and begin contacting the client's creditor(s)/plaintiff's counsel.
Step Four: Upon contacting your creditors' Plaintiff's Counsels, our firm will negotiate a settlement that is affordable for the client. This may or may not include a balance reduction. No offers will be accepted without express client approval. Once a settlement is reached, Attorney McCarthy will execute the required paperwork and ensure proper filing with the court. Once an order is entered, we will send you the final agreement and court order for your records.
What It Costs
The cost of debt settlement is variable. We have included the pricing below as a reference point only. Each situation is unique and will be assessed on a case by case basis to determine the time and costs required to reach a settlement. Below we have listed the general types of debt cases, what type of work is generally required, and a pricing estimate.
Please note that these costs are general estimates and do not reflect the cost of your particular case. Our firm does offer reduced pricing in certain circumstances. Please contact us and inquire for more information.
The cost of debt settlement is variable. We have included the pricing below as a reference point only. Each situation is unique and will be assessed on a case by case basis to determine the time and costs required to reach a settlement. Below we have listed the general types of debt cases, what type of work is generally required, and a pricing estimate.
- Litigated Personal Debt Case (Full Attorney Representation) - The case is filed with a court of jurisdiction, and the client has been served with a summons and complaint. Your attorney will be required to enter the case as counsel of record, draft and file an answer, and provide any necessary documentation prior to beginning negotiations.
- General Cost: $750 for first debt, plus $ 500 for each additional debt.
- Litigated Small Business Debt Case (Full Attorney Representation) - The case is filed with a court of jurisdiction, and the client has been served with a summons and complaint. Your attorney will be required to enter the case as counsel of record, draft and file an answer, and provide any necessary documentation prior to beginning negotiations.
- General Cost: $1,500 for first debt, plus $ 1,000 for each additional debt.
- Document Preparation Only - No Attorney Representation for Court matters or Creditor contacts and/or Plaintiff negotiations.
- Personal Debts: $250 to prepare an Answer and provide guidance on how to file the answer only. No consultation on settlement tactics.
- Small Business Debts: $500 to prepare an Answer and provide guidance on how to file the answer only. No consultation on settlement tactics.
- Consultation for Settlement Tactics - available for anyone, without or in addition to document preparation.
- Personal Debts: $150
- Business Debts: $300
Please note that these costs are general estimates and do not reflect the cost of your particular case. Our firm does offer reduced pricing in certain circumstances. Please contact us and inquire for more information.