How a Consumer Hired a Lawyer to Review a Debt Settlement Agreement in Ohio
See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in Ohio seeking help to review a Debt Settlement Agreement. The client received 2 lawyer proposals with flat fee bids ranging from $1,000 to $1,000.
Review
Debt Settlement Agreement
Ohio
Personal
-
Less than a week
$1,000 - $1,000 (Flat fee)
2 bids
25 pages
How much does it cost to Review a Debt Settlement Agreement in Ohio?
For this project, the client received 2 proposals from lawyers to review a Debt Settlement Agreement in Ohio, with flat fee bids ranging from $1,000 to $1,000 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Inquiry: Legal Assistance for Training Contract Dispute resulting in Debt Collection Issue
"I had a great experience working with Alex and the whole team so far. They took the time to understand my situation, carefully crafted a strong demand letter, and kept me updated throughout the process. I genuinely appreciate their guidance and support during this challenging time. I’m looking forward to continuing to work together as the responses from the companies come in, and I trust that Alex and his team will continue to provide the same level of attention and support as we move forward. Thank you for your help, and I hope to share even more positive updates as we see this case through."
ContractsCounsel User
Project Description
Need help with a Debt Settlement Agreement?
Lawyers that Bid on this Debt Settlement Agreement Project
Business Attorney
6 years practicing
Free consultation
Founder
10 years practicing
Free consultation
Other Lawyers that Help with Ohio Projects
Other Lawyers that Help with Debt Settlement Agreement Projects
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9 years practicing
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CEO, Attorney, Certified Master Financial Coach
27 years practicing
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Debt Settlement Agreement
Washington
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 K.
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.
Debt Settlement Agreement
New York
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.
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.