877.958.8775

Debt Settlement

First and foremost in people's minds when facing a past-due debt is "how can I settle this debt?" At LeavenLaw, our attorneys and staff have spent three generations helping consumers settle their debts.

Avoid Judgment

Perhaps one of the most damaging aspects of debt collection defense is having a judgment entered against you in a court of law and public record. Several things happen as a result of having a judgment entered against you.

  1. Possible judicial lien on real estate
  2. Possible wage garnishment (subject to exemptions)
  3. Possible account garnishment (subject to exemptions)
  4. Negative credit reporting impact

LeavenLaw and its attorneys will fully analyze the debt collection lawsuit that has been filed against you and recommend strategies to help you avoid having a judgment entered against you . . . and use those strategies to help you successfully settle the debt with the least possible cost or consequence to you.

Pay Percentage of What is Owed

Depending in who is collecting the debt -- the original creditor or a debt buyer -- LeavenLaw will try to not only settle the debt, but do so at favorable financial terms. While we certainly cannot promise a percentage that we can settle your debt, experience tells us that original creditors might settle defaulted debts between 40 percent to 60 percent on the dollar. Debt buyers, on the other hand, will typically settle debts at lower percentages that first-party creditors, ranging from 10 percent to 50 percent on the dollar.

Avoid Bankruptcy

If a consumer only has one or two debts, many times filing a bankruptcy does not make sense. Instead, a consumer, with the help of an experienced consumer lawyer, can craft a personalized strategy to defend a debt collection lawsuit and attempt to settle the debt at an overall amount, and on terms/timing, that are affordable to you. All this, and LeavenLaw will defend you under its flat-fee, value-back guarantee. Finally, and perhaps most importantly, LeavenLaw will search for consumer protection violations in the time prior to hiring our office for representation regarding your debt, as well as during our representation, to use as leverage to settle the debt and ultimately avoid bankruptcy.

Protect Your Assets

WIth over 30 years of bankruptcy experience, LeavenLaw's attorneys and staff are extremely familiar with Florida and Federal exemptions that exist to protect a consumers assets. Such exemptions include, but are not limited to:

  • Florida Homestead (generally, unlimited dollar amount)
  • Automobile ($1,000.00 equity)
  • Personal Property ($1,000.00 equity)
  • Wild Card ($4,000.00 if no Florida Homestead exemption claimed)
  • IRA & 401k (unlimited)
  • Life Insurance (unlimited)
  • Annuity (unlimited)

LeavenLaw will sit down with you and, during its consultation to discuss you debt collection lawsuit and strategies to defend it, will also inquire as to your assets and what needs to be done to best, lawfully protect your assets in the event that the lawsuit and judgment cannot be avoided.

Potential Tax Implications

When a debt is consensually forgiven, there is the potential that the amount forgiven will be treated as income to you and taxed at your effective income tax rate. In short, if you are not insolvent (i.e., your assets are worth more than your liabilities) and a debt is forgiven, you will likely be taxed. In such case, we advise you to contact your CPA or tax professional to discuss exactly how the forgiveness of debt will affect you. In the end, however, if LeavenLaw is able to negotiate a debt settlement in a large enough amount, even if you are taxed, you will still in most circumstances be in better financial shape.

Contact Us

Phone:
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First Judicial Circuit of Florida

Counties: Escambia, Okaloosa, Santa Rose, and Walton

Second Judicial Circuit of Florida

Counties: Franklin, Gadsden, Jefferson, Leon, Liberty, and Wakulla

Third Judicial Circuit of Florida

Counties: Columbia, Dixie, Hamilton, Lafayette, Madison, Suwannee, and Taylor

Fourth Judicial Circuit of Florida

Counties: Clay, Duval, and Nassau

Fifth Judicial Circuit of Florida

Counties: Citrus, Hernando, Lake, Marion, and Sumter

Sixth Judicial Circuit of Florida

Counties: Pasco and Pinellas

Seventh Judicial Circuit of Florida

Counties: Flagler, Putnam, St. Johns, and Volusia

Eighth Judicial Circuit of Florida

Counties: Alachua, Baker, Bradford, Gilchrist, Levy, and Union

Ninth Judicial Circuit of Florida

Counties: Orange and Osceola

Tenth Judicial Circuit of Florida

Counties: Hardee, Highlands, and Polk

Eleventh Judicial Circuit of Florida

County: Dade

Twelfth Judicial Circuit of Florida

Counties: Desoto, Manatee, and Sarasota

Thirteenth Judicial Circuit of Florida

County: Hillsborough

Fourteenth Judicial Circuit of Florida

Counties: Bay, Calhoun, Gulf, Holmes, Jackson, and Washington

Fifteenth Judicial Circuit of Florida

County: Palm Beach

Sixteenth Judicial Circuit of Florida

County: Monroe

Seventeenth Judicial Circuit of Florida

County: Broward

Eighteenth Judicial Circuit of Florida

Counties: Brevard and Seminole

Nineteenth Judicial Circuit of Florida

Counties: Martin, St. Lucie, Indian River, and Okeechobee

Twentieth Judicial Circuit of Florida

Counties: Charlotte, Collier, Glades, Hendry, and Lee


Attorney Web DesignThe information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

Main Office Address: Northeast Professional Center, 3900 First Street North, Suite #100, St. Petersburg, FL 33703
Tampa Address: Channelside District, 110 North 11th Street, Tampa, FL 33602
Clearwater Address: Executive Center, 25400 US 19 North, Suite # 193, Clearwater, FL 33763

1 (877) 958-8775