Struggling with debt?

WHAT ARE THE COSTS OF BUSINESS DEBT RELIEF SERVICES?

Delancey Street offers a MONEY BACK GUARANTEE for debt relief services.

That alone might change everything.

AS SEEN ON Forbes.com, AmericanExpress.com, Entrepreneur.com, Godaddy.com, and Freshbooks.com, Delancey Street is a top tier business debt relief company that focuses on helping you maneuver your business debt landscape. But what’s the actual expenditure? How much do these services really run? Are there concealed fees, or potential penalties? Let’s dissect it.

Regardless of the Type of Business Debt—We Can Help You.

But before you sign anything, it’s critical to comprehend the legal implications and monetary costs.

Understanding Basic Cost Factors
When you enroll in a business debt relief program, the fees can fluctuate. Often, you’re paying a percentage of how much debt gets reduced, or you’re paying a flat cost for the entire negotiation process. Some debt relief companies charge substantial, upfront fees that might feel detrimental, especially when your cash flow is already paralyzed.

• You might see settlement fees anywhere from 15%–25% of total enrolled debt.
• Some companies charge monthly service fees just to “maintain” your enrollment.
• Others might take a percentage of each reduced principal amount they negotiate.

At Delancey Street, we inform you upfront exactly what our costs entail—so you can make an enlightened decision.

Penalties, Laws, and Potential Complications
Business debt relief is governed by multiple laws and regulations, which can become convoluted. Here are a few imperative points to remember:

1. Confession of Judgement (COJ) Clauses

   • Many MCA lenders (merchant cash advance lenders) include a COJ in their contracts.
   • A COJ allows the lender to get a judgment against you without a traditional lawsuit if you default.
   • This can lead to severe penalties: restricted bank accounts, liens on assets, or forced closures. For more about your rights, see FTC.gov (the Federal Trade Commission website).

2. Debt Relief Scams

   • According to ConsumerFinance.gov, unscrupulous debt relief “services” sometimes demand large upfront payments and vanish.
   • These scams can leave you in worse shape, facing late fees, default notices, and potential lawsuits.

3. Bankruptcy Laws

   • Some business owners who can’t negotiate or handle their debts consider Chapter 7 or Chapter 11 bankruptcy.
   • While bankruptcy is a legal tool, it’s a last resort that can seriously impair your creditworthiness and relationships with creditors and vendors. For more info, see USCourts.gov.

4. SBA Loan Implications

   • If you have a Small Business Administration (SBA) loan, you often sign a personal guarantee.
   • Defaulting on an SBA loan can trigger wage garnishments or other collection actions. Check out SBA.gov for official guidelines.

Implications in Every Scenario
If your debt is unsecured: Creditors might pursue lawsuits, default judgments, and ultimately garnish your business bank accounts.
If your debt is secured: Your equipment, vehicle, or real estate could be repossessed or foreclosed.
If you face a COJ: The lender can skip traditional proceedings, meaning you won’t have the usual time to mount a defense before they enforce a judgment.

DEFENSE STRATEGIES
At Delancey Street, our attorney-led team helps you examine every angle.

1. Negotiation and Settlement

   • We reach out to your creditors—often on a first-name basis—and attempt to lower your overall balance.
   • Our strategy might involve offering a lump sum payment (which grants you leverage) or creating a new payment plan.

2. Legal Defense

   • If a creditor already sued you, we partner with our sister law firm (led by Chief Legal Officer Steven Raiser) to stand up for you in court.
   • We argue for compliance with federal and state statutes, question the validity of any COJ, and push for favorable settlements.

3. Restructuring Debt

   • Instead of letting your debt spiral, we help you restructure. That can mean combining multiple obligations into one new, more manageable term loan.
   • If you have merchant cash advances stacked up, we aim to consolidate and reduce your daily or weekly payments.

4. Keeping Creditors at Bay

   • A significant benefit of working with us is immediate communication with lenders. We explain why your business needs a lifeline rather than a hammer.
   • By establishing rapport, we often secure additional time and more flexible terms.

How It Could All Get Dismantled (a Stream of Consciousness)
Imagine not having a cohesive plan. You start missing payments; your phone rings incessantly with collection calls. One lender sues you, maybe obtains a judgment. Another enforces a COJ. Suddenly your accounts are frozen. You can’t pay employees. Your business is on the verge of going out of business. Creditors show up at your doorstep. You panic. You scramble. The debt compounds with penalty fees and default interest.

Everything unravels, because there was no proactive plan—no consistent strategy to handle these toxic debts. Now, it’s disarray.

Fortunately, This Doesn’t Have to Happen
We can help you.

STRATEGIES OF HOW WE’D DEFEND YOU

1. Immediate Response to Default Notices

   • Don’t ignore those correspondences that say “notice of default.” We jump in right away to talk to the lender, set up negotiations, or formulate a legal defense.

2. Challenge Unfair Terms

   • Many COJ clauses or hidden fees might not be enforceable depending on your state’s laws. We investigate every detail, including your original contract and any statements from the lender.

3. Leverage Data

   • Using up-to-date balance sheets, cash flow statements, and P/L statements, we show lenders that it’s preferable to accept a reduced principal amount or longer repayment schedule.

4. Legal Backup

   • Our attorney’s knowledge of both state and federal laws means we know how to raise potential defenses and stall destructive collection tactics. If necessary, we’ll fight in court to prevent personal liability or equipment repossessions.

We Fight. We Negotiate. We Succeed.

Cost of Our Services and MONEY BACK GUARANTEE
Because we believe in our debt relief program, Delancey Street offers a MONEY BACK GUARANTEE. If you qualify for our program and we can’t help you settle or restructure your debts, we’ll refund your fees. That means zero risk for you.

Remember: Some debt relief providers charge enormous upfront fees and deliver no actual results. They might promise you the world, then vanish the moment a creditor sues. Our approach is different. We share a comprehensive breakdown of costs before you enroll—so every dollar is transparent.

Talk to Us.
Have questions? Worried about default or dealing with unscrupulous MCA lenders? We understand. We’ve helped countless business owners who felt cornered.