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  • Debt Resolution is an aggressive approach to debt reduction.
  • The law firm will not be making payments to your creditors on your behalf.   You must authorize each and every settlement offer and the distribution of funds.
  •  There is a risk that the company may not settle all of your debts. Individual settlement results may vary.
  • The company may only begin negotiating settlements with creditors once you have saved sufficient funds in a separate savings/depository account.
  • The company cannot stop calls from creditors/collectors. The company can suggest how to reduce or help slow calls.
  • Successful participation in the program requires setting aside funds in a separate account and staying in the program until all enrolled debts are resolved.
  • It is your decision as to whom to open a depository account with.
  • Late fees and penalties will accrue on unpaid accounts while on the program.
  • You may be sued by your creditors or collectors during the course of the forensic mitigation program, and you would be solely and exclusively responsible for all fees, costs and expenses in connection with the suit.
  • You will incur tax consequences on the settlement of debts where more than $600 is forgiven.
  • Forensic mitigation will have a negative effect on your credit.
  • Participation in the program does not and cannot repair your credit rating.
  • Creditors are permitted to report accurate negative information for seven years.

 

 

Law Practice