Debt settlement is becoming more and more popular as an alternative to bankruptcy. It is simply the process of negotiating to pay off debt, normally for a lesser amount than was previously owed, and paying the negotiated balance within sixty to ninety days. Debt Settlement has certain problems attached to it which must be known: credit report damage, tax liability, and potential for lawsuits. For many reasons, it is best to use an attorney who is local to your area when attempting to settle your debts. If you need more information on debt settlement, contact the Law Offices of Mike Norris. We will be happy to help you with full details on this process.
