Negotiation of Business Related Collections
Negotiation can be an art form. With the right access to legal advice and guidance, you can have the legal support you may need to seek resolution of business-related debts.
Debt Negotiations
Here are things to consider during debt settlement negotiations:
- The circumstances causing the debtor to default on their obligation
- An appropriate opening lump sum offer and your bottom line number
- The broader terms and conditions of the settlement agreement
- What paperwork you should have the debtor sign after a successful negotiation
Negotiation strategy may be different for each debtor you deal with. Rather than stress and guess, join LegalShield and a provider lawyer can advise you on the best course of action and help you with the debt negotiation process.
Debt Relief
If you’re looking to resolve an overwhelming debt, it might be worth negotiating to offer some level of debt relief and collecting on a lesser amount rather than having to resort to a collection agency or lawsuit. Depending on the debtor’s financial situation, you can arrange for a lump sum or monthly payments on a reduced amount to ensure that you receive at least some of what you’re owed without having to escalate the situation.
What Terms Should You Consider During the Settlement Process?
There are several factors to weigh when you’re considering settlement to determine the financial amounts and other terms upon which you’re willing to settle.
- Does the debtor owe you for a physical product or for services rendered?
- Have you fully or only partially delivered under the terms of your agreement?
- What were the hard or actual costs to deliver the product or service?
- What is the nature of your relationship with the debtor? Do you want it to continue?
Consulting with a lawyer experienced in debt negotiation is a great way to define what would be an acceptable settlement. Also, with a LegalShield membership, you can have your provider debt negotiation lawyer help you draft the appropriate settlement paperwork.
Have an Experienced Lawyer Negotiate a Debt Dispute for You
Keeping a cool head when you’re in the middle of a dispute over an amount of debt is not easy, but it’s essential for a positive outcome to your negotiations.
Whether your business is owed money or another entity is claiming you owe them money, having a debt collection lawyer handle the matter helps with negotiations and reduces your stress.
If you join LegalShield, you can be on the phone with a provider lawyer in as little as 4 hours after initial contact. If appropriate, your lawyer can write a letter or make a call on your behalf to seek resolution of the situation for you at no additional cost. Secure a brighter financial future.
How a LegalShield Small Business Plan Works for Debt Negotiation
Your business pays a small monthly fee starting at $49/month and gets legal advice, document review, and debt negotiation lawyer representation services you can use to negotiate and settle debt disputes faster.
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas.
Legal consultation from a provider lawyer on business legal matters, with legal research for each issue, if needed.
Receive help with business legal matters more efficiently with professional communications issued on your behalf.
Put business-related legal documents through legal review.
A collection letter from a provider lawyer could help you recoup payments more efficiently.
![Krizia Verplancke]()
Krizia Verplancke of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2017.
![Spencer Tadashi Schiefer]()
Spencer Tadashi Schiefer of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 2011.
![Michael E. Medina Jr.]()
Michael E. Medina Jr. of provider firm Davis, Miles, McGuire, Gardner has been serving LegalShield members since 1993.
How LegalShield Works
Finding solutions to your legal issues doesn’t have to be stressful, complicated or expensive.
LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.
See What Our Customers Say
- The attorney who assisted me was very knowledgeable in regards to my questions! He was very patient and courteous as he gave great detail to advise me in the best manner. I was able to achieve my personal goal of obtaining an LLC and EIN for my business by completing the tasks independently.Patty J.Mississippi Member
The attorney who assisted me was very knowledgeable in regards to my questi..ons! He was very patient and courteous as he gave great detail to advise me in the best manner. I was able to achieve my personal goal of obtaining an LLC and EIN for my business by completing the tasks independently.Read More Read LessI had some critical questions I needed answered for my business. I received a quick response with the exact information I was looking for.Steven T.Minnesota Member
I was completely clueless at how to begin the trademarking process for my business and about to spend hundreds of dollars unnecessarily, however thanks to the attorney I spoke with he led me in the right direction and helped me save so much money and time.Ashley A.Arkansas Member
- The attorney who assisted me was very knowledgeable in regards to my questions! He was very patient and courteous as he gave great detail to advise me in the best manner. I was able to achieve my personal goal of obtaining an LLC and EIN for my business by completing the tasks independently.Patty J.Mississippi MemberThe attorney who assisted me was very knowledgeable in regards to my questi..ons! He was very patient and courteous as he gave great detail to advise me in the best manner. I was able to achieve my personal goal of obtaining an LLC and EIN for my business by completing the tasks independently.Read More Read Less
- I had some critical questions I needed answered for my business. I received a quick response with the exact information I was looking for.Steven T.Minnesota Member
- I was completely clueless at how to begin the trademarking process for my business and about to spend hundreds of dollars unnecessarily, however thanks to the attorney I spoke with he led me in the right direction and helped me save so much money and time.Ashley A.Arkansas Member
