This page was written, edited, reviewed & approved by Emil J. Fleysher following our comprehensive editorial guidelines. Emil J. Fleysher, the Founding Partner, has 15+ years of legal experience as a bankruptcy attorney. Our last modified date shows when this page was last reviewed.
If you are falling behind on bills or struggling to keep up with credit card payments, you are not alone. Many people across Florida face high debt, constant creditor calls, and the stress of not knowing how to move forward. In these situations, debt settlement can be a real solution. It allows you to work with your creditors to reduce the total amount owed, helping you avoid lawsuits, wage garnishments, or even bankruptcy.
Fleysher Law Bankruptcy & Debt Attorneys helps individuals and families across Florida take control of their financial situation through smart and legal debt relief strategies. Our team works with creditors directly, helping you settle what you owe for less than the full balance. Whether you are dealing with credit card debt, real estate problems, or medical bills, our firm can review your case and guide you toward the right solution for your future.
A qualified Florida debt settlement attorney can give you the tools and support to reduce your debt and make life easier. We speak to your creditors, protect you from legal action, and help you reach a fair settlement agreement. Our goal is to lower your total debt, protect your income, and build a stronger financial future.
Debt settlement means working with creditors to reduce the total balance owed in exchange for a single lump sum payment or a short-term payment plan. Unlike debt consolidation, you do not take out a new loan; rather, you settle what you owe by negotiating directly with those you already owe money to.
It is a legal and often effective option for those who can’t afford to pay everything back.
To understand how debt settlement works, it's important to know the difference between unsecured and secured debt. Most debt settlement agreements apply only to unsecured debt. This includes credit card debt, medical bills, personal loans, and other debts that are not backed by property. In these cases, the creditors have no legal claim to take something you own if you stop paying, which gives more room for negotiation.
Secured debts, on the other hand, are tied to a specific asset. This includes things like mortgage payments on your home, vehicle loans, or a loan backed by an equity line of credit. If you don’t pay a secured debt, the creditor may have the right to repossess or foreclose on the property. Because of this, secured debts are typically handled differently and are not ideal for debt settlement.
If you’re struggling with secured debts, you may need help from a bankruptcy lawyer or consider legal strategies like loan modification or filing Chapter 13. Our team at Fleysher Law can help you look at both unsecured and secured debts and figure out which debts can be settled, which ones may need court protection, and what options make the most sense for your financial situation.
An experienced debt settlement lawyer can make a major difference in the outcome of your case. We work to reduce what you owe, avoid lawsuits, and give you clear advice every step of the way.
Your attorney speaks directly with your creditors to explain your situation and offer a reasonable lump sum or payment plan. Our goal is to get you a better deal, often lowering your debt by 50% or more, depending on the case.
Having a Florida debt settlement attorney means having someone to defend your rights. We help prevent legal actions like lawsuits or garnishments. With proper legal representation, you can focus on rebuilding instead of worrying about court dates or collection threats.
When you are looking for help with debt settlement, it's important to watch out for scams. Some companies make big promises but don’t actually reduce your debt or deal with your creditors. They may ask for large upfront fees and then disappear, leaving you in worse shape than before. Others may not be honest about how debt settlement agreements really work.
Debt settlement is a good option if you can no longer afford your payments but want to avoid filing for bankruptcy. It is especially useful if you have a stable income and can offer a lump sum or short-term plan.
Every case is different, so the right choice depends on your financial situation, how much you owe, and your long-term goals.
Debt settlement can be a good option if:
Debt settlement may not be the best option if:
Understanding how debt settlement works can help reduce stress and give you confidence to take the next step. Here’s what to expect:
We begin with a free initial consultation to learn about your income, debts, and goals. This helps us decide if debt settlement is the right move or if another path, like bankruptcy or debt consolidation, makes more sense.
Once we understand your situation, we contact your creditors to start debt negotiation. We present a lump sum or payment offer and push for the lowest possible settlement amount.
When the creditors agree to new terms, we help you review and sign a clear, legal settlement agreement. This outlines exactly how much money you will pay and when.
Once you pay the agreed amount, the debt is settled. Your attorney ensures all paperwork is in order and the account is closed. You now owe nothing more on that debt.
Debt settlement can offer fast and affordable relief when you need it most.
One of the biggest benefits is a large reduction in your total debt -- often between 50% and 70% depending on your case and how willing your creditors are to settle.
If you're not ready to declare bankruptcy, debt settlement can be a viable option. It helps you avoid long-term effects on your credit report and keeps your options open.
With the help of an experienced bankruptcy attorney, you receive full legal representation throughout the process, reducing your risk and keeping you informed.
Like any option, debt settlement has risks. Knowing the downsides can help you decide if it’s right for you.
Settling debt for less than the full amount may hurt your credit in the short term. Missed payments before settling can also lower your score.
Forgiven debt may be seen as income by the IRS. You might owe taxes on the portion you didn’t pay, depending on your overall financial situation.
Debt settlement is not a sure thing. Some creditors may refuse to settle or ask for more money. That’s why working with an experienced attorney is important.
1. Can I settle debt with a mortgage company?
It depends. Some mortgage companies may offer loan modifications, but they rarely settle for less. Secured debts like mortgages usually require different legal strategies.
2. Do credit card companies accept debt settlement offers?
Yes, many credit card companies are willing to accept a lump sum or lower monthly payments through a new agreement, especially if you are behind on payments.
3. Why should I hire a skilled attorney instead of doing it myself?
A skilled attorney can protect your legal rights, avoid mistakes, and often get better results by negotiating directly with creditors on your behalf.
4. Will I have to sign a new agreement with creditors?
Yes, once a settlement is reached, your attorney will help you review and sign a new agreement that outlines the final terms of your payment and confirms the debt is resolved.
5. Can a Jacksonville debt settlement attorney help lower my debt?
Yes, a Jacksonville debt settlement attorney can work directly with your creditors to reduce the amount you owe and help you reach a fair settlement.
If you are struggling with debt and want a real solution, our Florida debt settlement team is ready to help. Fleysher Law Bankruptcy & Debt Attorneys is committed to providing legal representation that puts your needs first. We take a comprehensive approach, looking at your full financial picture to find the best way to reduce your debt, protect your assets, and relieve your stress.
Our clients come to us for honest answers, real support, and clear steps forward. We’ll consult with you to understand your goals and explain your options in plain language. Whether you're dealing with credit card bills, personal loans, or trying to avoid bankruptcy, we can negotiate with your creditors to get results.
We also offer flexible payment options so you can get started without added stress. Contact us today to schedule your free consultation and take the first step toward a stronger financial future.
Emil specializes in consumer bankruptcy, debt settlement, and mortgage modification, offering a holistic approach to solving mortgage and debt problems. Emil listens to clients, understands their circumstances and goals, and helps them make the right choices by presenting all options and contingencies.
He is dedicated to helping South Floridians regain their financial freedom from overwhelming debt caused by high interest credit cards, bad mortgage loans, and uninsured medical expenses.
"*" indicates required fields
