Settle Your Debt for Less, With a Debt Settlement Attorney

Credit cards, personal loans, and most unsecured debts qualify. Secured debts like mortgages and auto loans will not negotiate settlements.

Most clients complete the program in 24–48 months, though timelines vary based on debt amount and creditor cooperation.

There is a short-term impact, but most clients rebuild their credit within 12–24 months after completing the program.

An attorney provides legal protection and can represent you if creditors sue. There is not one debt settlement company that is licensed and bonded by the Connecticut Banking Department, who negotiate with credit card companies, and that means that they are a fraud. There are currently 3 debt settlement companies who only deal with short-sales and foreclosures, but not with credit card debt.

Debt settlement is often a fit if you have significant unsecured debt, are struggling to keep up with minimum payments, and want to avoid bankruptcy. Job loss, medical bills, divorce, or reduced income are common reasons people seek help. A free consultation is the best way to see whether settlement, or another option, makes sense for your situation.

Once you are represented by an attorney, under the Fair Debt Collection Practices Act (FDCPA), the creditors cannot contact you, and if they do, they will be sued. This is one reason why working with a law office is different from using a typical debt relief company.

Yes, especially if you owe a smaller amount and are not being sued. Many people with larger balances or aggressive collectors find that an experienced attorney gets better settlement terms, knows creditor tactics, and can step in immediately if legal action is threatened. You may also have a counter-claim against a creditor and the attorney will bring this to your attention.

If you are sued or receive court papers, contact us right away. Unlike non-law firm debt settlers, an attorney can respond on your behalf, explore defenses, and negotiate even after a lawsuit is filed. Ignoring a summons can lead to wage garnishment or bank levies, so early legal help matters.

It depends on your debt, income, assets, and goals. Settlement can work well when you want to resolve unsecured debt without a bankruptcy filing. Bankruptcy may be the stronger option in other cases. Attorney Falvey reviews all paths, so you can choose the approach that fits you best.

In some cases, forgiven debt can be treated as taxable income by the IRS. Whether that applies depends on your financial situation and current tax laws. We can discuss this during your consultation and, when appropriate, point you toward a tax professional for advice specific to your case.