Business Debt Defense And Negotiation

Business Debt Defense Attorneys In Arlington And Neighboring Communities

Uncertainty in economic conditions around the world can affect your business’ cash flow significantly. You might be in a temporary situation where you are unable to pay your business debts because of outstanding accounts receivable.

If you are being sued or are unable to pay debts related to your business operations, we can help you. We can help you work through the debts owed and help you obtain some relief from collection efforts. Our attorneys may even be able to take preventative steps with creditors that are willing to work with you and your cash flow issues.

Business Debt Defense Attorneys In Arlington And Neighboring Communities

If you are being sued or are unable to pay debts related to your business operations, we encourage you to meet with a business debt defense lawyer in Arlington, TX at Brandy Austin Law Firm, PLLC. We can offer support as you work through the debts owed and help you obtain some relief from collection efforts. Our attorneys may even be able to take preventative steps with creditors that are willing to work with you and your cash flow issues.

Uncertainty in economic conditions around the world can affect your business’ cash flow significantly. You might be in a temporary situation where you are unable to pay your business debts because of outstanding accounts receivable. Not being able to pay all your bills is stressful enough. Getting daily calls from debt collectors pressuring you to pay your business debts can just add to the anxiety.

What if a creditor is suing me?
Now that you’ve been notified the debt collector is suing, you may not know which way to turn. What happens if the debt is not legitimate or you do not agree with the amount you say you owe? What if you do not have any money to pay the debt and still the calls keep coming? Seeking the advice of a TX business debt defense lawyer in Arlington may be the next step for you. We can look at the case against you and your personal situation to advise as to what to do next.

What makes someone judgment proof?

Were you aware that if you truly cannot pay your debts and do not possess anything that debt collectors can collect from you, you can be considered judgment proof? To be categorized as such, you must:

 

  • Have a job that pays very little or you are not working at all
  • Have no assets such as a home or money in the bank

What is exempt income?  

Other sources of income may not be taken into account because they cannot be seized by a judgment creditor. Types of income cannot be garnished to pay creditors can include the following:

  • Supplemental Security Income benefits
  • Social Security benefits
  • Veteran’s benefits
  • Unemployment compensation
  • Public assistance income
  • Child support
  • Federal government employee retirement benefits

Is being declared judgment proof temporary?

If your financial situation changes, you are still responsible for paying your debts. A judgment is valid for many years and can even be renewed. So if you get a job or inherit money or property, your creditors may be due what you owe them. You are advised to respond to the lawsuit and be declared judgment proof if there is a chance your situation could change at some point.

 

What if I am being harassed and don’t owe the debt?

If you have a legitimate defense to a lawsuit filed by a debt collector, it is advisable to contact an Arlington business debt defense lawyer in TX to handle the lawsuit on your behalf. An experienced lawyer is knowledgeable in all aspects of debt harassment and collection and will defend your rights in court.

What reasons may I not be liable for the debt?
The debt collector may not be able to collect from you for the following reasons:

  • The creditor does not have original documentation proving you owe the debt
  • The case was filed by the creditor in the wrong court
  • The statute of limitations for filing has expired

In other situations, creditors are quick to resort to litigation to collect delinquent accounts and refuse to negotiate a settlement, despite your best efforts to do so. The attorneys at Brandy Austin Law Firm, PLLC are experienced business debt defense lawyers who can assist you with the following types of problems:

 

  • Business debts and negotiation
  • Foreclosure defense
  • Debt settlement
  • Credit card settlement
  • Small business debt and collections defense
  • Creditor harassment


If possible, contact us for help before the creditor sues you. In many cases, we are able to resolve things more quickly and cheaply without litigation. Many creditors are willing to help businesses work through their temporary cash flow problems first.

Litigation is expensive and time-consuming. Both parties would save significantly on lawyers fees and court costs if they can come to an agreement and avoid court costs. We have helped many businesses work out settlements with creditors.

If you already have a judgment filed against you, the amount owed plus interest, court fees, and attorney costs can quickly pile up. If it is determined that the debt is indeed legitimate, your attorney may be able to settle for a lesser amount rather than go to court.

Contact Brandy Austin Law Firm PLLC to set up a consultation to discuss your specific situation. Put an end to creditors hounding you and threatening litigation. We also serve Mansfield and Burleson, Texas. Please call us at 800-958-4948 or complete our online form to arrange a free consultation with a business debt defense lawyer in Arlington, TX.

 

Debt Resources:

Does a debt go away when the debtor dies?

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“You can’t go wrong with the Brandy Austin Law Firm! Attorney Erika Wheeler is great! She has a calm demeanor, and she truly cares about her clients… Great Law Firm! Good People! I highly recommend.”

Therelee Washington
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