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Draft Debt Settlement Agreement in Florida

How much does it cost to draft a Debt Settlement Agreement in Florida? Below are summary details about a user that needed to draft a Debt Settlement Agreement in Florida. This cost data comes directly from ContractsCounsel's online marketplace. The user received 2 bids to draft the Debt Settlement Agreement at a pricing range of $600 - $900 on a flat fee. The data includes project specifications and Debt Settlement Agreement pricing. To review more pricing data, visit Debt Settlement Agreement pricing.
Service type
Draft
Location
Florida
Client type
Personal
Client industry
-
Deadline
Over a week
Pricing Range
$600 - $900 (Flat fee)
Number of Bids
2 bids

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Lawyers that Bid on this Debt Settlement Agreement Project

Attorney/Counsel

(113)

2 years practicing

Free consultation

Debt Settlement Agreement
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$250/h

Founding Attorney

3 years practicing

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Debt Settlement Agreement
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$350/h

Other Lawyers that Help with Florida Projects

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(8)

40 years practicing

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$350/h

Trademark and Business attorney

(1)

12 years practicing

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$350/h

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(32)

14 years practicing

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$250/h

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(3)

16 years practicing

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$300/h

Other Lawyers that Help with Debt Settlement Agreement Projects

Corporate Lawyer

(2)

2 years practicing

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Debt Settlement Agreement
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$200/h

Principal

(303)

37 years practicing

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Debt Settlement Agreement
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$450/h

Attorney

(2)

19 years practicing

Free consultation

Debt Settlement Agreement
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$300/h

Lawyer

(145)

8 years practicing

Free consultation

Debt Settlement Agreement
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$245/h

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Forum Questions About Debt Settlement Agreement

Debt Settlement Agreement

Washington

Asked on Mar 3, 2021

When to use a debt settlement agreement?

I have recently been struggling to pay off my credit card debt, and I'm trying to find the best way to settle this debt. I am considering a debt settlement agreement, but I'm not sure when it is appropriate to use one. I understand that a debt settlement agreement is a legally binding agreement between a creditor and a debtor, and I want to know if this is a viable option for my situation.

Merry A.

Answered Mar 3, 2021

I only just saw your question - sorry you have been waiting since July 30, 2023! Whether a settlement agreement is your best choice is very fact-specific. In many situations, it's a good option if you can negotiate a far lower pay-off amount, but in some situations bankruptcy and a "clean slate" is the best option. Many legal servies/legal aid offices may offer free debt assistance -if it's not too late, I suggest that you contact such an office.

Read 1 attorney answer>

Debt Settlement Agreement

New York

Asked on Mar 3, 2021

Debt settlement agreement vs. bankruptcy?

I am currently in a difficult financial situation and am looking at my options to get out of debt. I am considering both a debt settlement agreement and filing for bankruptcy, but am not sure which option is best for my situation. I am hoping to get advice from a lawyer regarding the pros and cons of each option, so that I can make an informed decision.

Jeffrey Z.

Answered Mar 3, 2021

Bankruptcy is a very large part of my practice. I have had many clients that have attempted to use a debt resolution service without success. Unfortunately, they often pay a substantial amount of money to the service, their debts do not get resolved, they end up in bankruptcy anyway, and they do not get their money back. Aside from the difficulties in successfully completing a debt settlement agreement, there is also a tax issue. Forgiven debt is considered taxable income. You will receive a 1099 from any creditor that accepted a reduced amount to satisfy a debt. The result may be an income tax liability that you were not expecting. Debts that are discharged in bankruptcy are not counted as income.

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