A 4 Day Negotiation

Just a few days after I closed on my longest negotiation in 23 years, I may have closed on my shortest!

On Thursday, October 8th a client retained my services and I opened settlement negotiations with the creditor company's attorney.  Due to the speed of his client's responses as we negotiated, we were able to close negotiations with a successful settlement today, Tuesday, October 13th... 4 business days.

My skilled negotiations led to a settlement of $15,000, payable in 30 monthly installments of $500 each at 0% interest on a $22,989.54 claim that had escalated to a lawsuit.  The result was a savings of nearly $8,000 on the claim, waiver of attorney's fees and court costs with a long term manageable payment arrangement for my client.

15 Month Negotiation

Most of the claims I work are resolved within 2 to 6 weeks depending on how quickly the creditors respond to settlement offers.  Occasionally, it is in the best interest of my client to delay completion and postpone payment.

 

A case I closed yesterday set a record from opening offer on July 1, 2019 to final acceptance and payment on October 9, 2020.

 

We were dealing with a large business-related debt and a commercial creditor unwilling to compromise enough for my client to afford payment.  In order to give my client time to raise funds for a settlement, we dragged out negotiations for more than 15 months.

 

The outcome was very favorable for my client with a settlement of $35,500 on a total claim of $101,400 (65% discount on the debt).

 

I want to thank you for your assistance through all of this! You always had my best interest and did all you could to help me.  You successfully helped me navigate this difficult time.  I really appreciate you.

 

Thank You Again,

Bart