Saturday, October 10, 2020

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

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