• Bankruptcy Solutions
• Foreclosure Solutions
• Modification & Negotiation
• Credit Card Debt Relief

Debt Negotiation Lawyers for Long Island Debtors

All Debts Can Be Settled Since Debt Resolution is Usually Mutually Beneficial

The Law Office of Ronald D. Weiss, P.C. is frequently retained by its clients to engage in negotiations with banks, mortgage holders, credit cards, car financing companies, landlords and other creditors. Mortgage Modifications are particularly a concentration of our office because of the many individuals undergoing hardships with their mortgages. The availability of HAMP and other programs to help us obtain relief for our clients, give us the necessary tools to pursue a mortgage modification. Because of the firm’s long experience with creditor negotiations, and because of the firm’s specific expertise with matters that pertain to debtor-creditor relations, the client’s ability to succeed in negotiating with their creditors is enhanced through our representation. Our firm will advise its clients as to what matters can be negotiated and to what extent their creditors may accept certain offers. Our firm will write and call the creditors, persist in trying to get a resolution to the advantage of the client, and keep the client informed as to the progress with these matters. Upon a resolution, our firm will enter into a written stipulation of settlement with the creditor and require that other documents be prepared that show that the matter has been settled. We are frequently negotiating the following debts for our clients:

a) Mortgage Modifications – are intended to prevent foreclosures by reducing our client’s monthly mortgage obligations and absorbing our clients’ mortgage arrears. More information is available about Mortgage Modifications below.

b) Credit Card Negotiations – are intended to reduce the overall obligations for credit cards or other unsecured loans by offering a lump sum or a payment plan at a reduced amount to resolve such obligations.

c) Tax Debt Negotiations – are intended to reduce or extend the obligations to pay federal, state or local taxes through negotiations which either offer a lump sum or a payment plan.

d) Other Negotiated Solutions to Mortgage Difficulties – Other potential solutions to mortgage difficulties are: (i) short sales, where the lender allows a house to be sold for less than the full mortgage payoff, (ii) voluntary sales, where the homeowner succeeds in having another person, who is often friendly with the homeowner, buy the house, (iii) refinancing, where a homeowner with significant equity in their house and improved income, can potentially refinance, and (iv) deed-in lieu agreements, to allow a homeowner to give the lender their deed in return for forgiveness of the mortgage debt and the avoidance of a deficiency judgement.