Are you overwhelmed by your business debt?
Regardless of how you got on our website — maybe you expanded the business too fast, maybe you relied on a merchant cash advance (MCA) lender who misled you, maybe you just needed extra working capital during a tough season — your debt might be toix now, and it’s time to consider real solutions. That’s where Delancey Street comes in.
MONEY BACK GUARANTEE FOR DEBT RELIEF SERVICES
That’s right. Delancey Street offers a money back guarantee on our debt relief services. We’re a top tier business debt relief company based out of NYC, helping clients nationwide with everything from SBA loan issues to maxed out credit card balances — and more. We believe that if you trust a business debt relief company – they should be offering you something in exchange to guarantee they can help you.
WHAT IS BUSINESS DEBT SETTLEMENT?
Business Debt Settlement is a process where you negotiate with your creditors to reduce the principal amount or restructure the repayment terms to something better. Instead of paying the full amount, you pay a negotiated settlement. Ultimately, lenders want to get paid back — they don’t want you to default or file bankruptcy. This is the core reason settlement can be a win-win strategy, if you have the right support system backing you.
BUSINESS DEBT RELIEF
If your cash flow is crushed, if your monthly payments are piling up, if you see those minimum payment due notices and wonder how you’ll keep going — you aren’t alone. In fact, the U.S. Small Business Administration (SBA.gov) regularly mentions that many businesses have trouble meeting their financial debt obligations during economic downturns. Business Debt Settlement can be the lifeline that keeps your doors open because it reworks the debt into something that works for you.
RELEVANT LAWS, PENALTIES & LEGAL FRAMEWORK
Potential Penalties for Not Paying
- Lawsuits and default judgments
- Wage garnishments (in some states)
- Asset seizures (if there’s a personal guarantee)
- Confession of Judgment (COJ) enforcement, which is extremely fast and can catch you off-guard
In some scenarios, your creditors might violate fair debt collection practices. While the Fair Debt Collection Practices Act (FDCPA) primarily protects consumer debt, certain states or jurisdictions have parallel rules. Always check your local statutes or consult the Federal Trade Commission (FTC.gov) for up-to-date information.
Bankruptcy Code
Under 11 U.S. Code, there are chapters like Chapter 7 (liquidation) or Chapter 11 (reorganization) that businesses can consider in order to rework the debt. Filing bankruptcy is serious, so if you have a chance to avoid it through Business Debt Settlement — it might be worth exploring, if you act fast. Many people are unaware of the protections offered via Bankruptcy Code.
HOW DOES BUSINESS DEBT SETTLEMENT WORK?
- Enroll in a Program
You contact Delancey Street. We analyze your total debt, your monthly cash flow, and your business’s financial health. We then tell you what we think we can do, and if you agree, we work out a business debt settlement framework. - Negotiation
Our attorneys and debt specialists reach out to your lenders — including MCA lenders, credit card companies, etc. — to discuss new terms. We might propose a lump-sum settlement or a structured payment plan. - Final Agreement & Payment
Once an agreement is in place, you’ll typically make monthly payments (or a one-time payment) based on the newly reduced balance.
In many cases, we’ve seen lenders accept significantly less than what’s owed because they realize partial payment is better than no payment. Many MCA lenders make over 200% APR, so they know if they get some money back, they can quickly multiply it.
DEFENSE STRATEGIES & LENDER TACTICS
What if the lender sues?
- They might file a lawsuit in state or federal court, seeking a judgment against your business. You will need an attorney in this case.
- If you signed a COJ, the lender can quickly get a judgment without a traditional court process. That’s where having a legal team on your side is vital. They can immediately seize your assets.
How Does Delancey Street Protect You?
- Our sister law firm, led by Steven Raiser, ESQ, helps fend off lawsuits.
- We talk to the lender’s counsel. We leverage your financial data, like your P/L statements and balance sheets, to show them that settling is in everyone’s best interest.
- We make sure you get new terms that work for your cash flow and business structure.
Worst-Case Scenario
In some cases, if the negotiations fall apart, or the lender refuses to work with you, they might escalate with a lawsuit or collections. We’re ready to handle that. We defend you by filing appropriate responses, negotiating reduced balances, and ensuring your legal rights are protected.
PROS AND CONS OF BUSINESS DEBT SETTLEMENT
Pros
- Reduced principal so you pay less overall
- Could avoid Chapter 11 or Chapter 7 bankruptcy
- Might free up cash to reinvest in your company
Cons
- Potential credit score impact
- Compounded interest or fees if negotiations drag on
- Lenders may refuse to settle
NO LENDER WANTS YOU TO FILE BANKRUPTCY. THEY JUST WANT THEIR MONEY.
Remember: They want to recover at least some portion of the debt. That’s why Business Debt Settlement is often a viable path.
CONTACT DELANCEY STREET FOR RELIEF
CONTACT DELANCEY STREET TODAY
We’re EXPERIENCED. We’re DEDICATED. We’re FOCUSED on helping you.
Visit DelanceyStreet.com or call now for a free consultation.
ALTERNATIVES TO BUSINESS DEBT SETTLEMENT
1. Debt Consolidation Loans
You could combine multiple loans into one payment, often at a lower interest rate.
2. SBA Loans
If you qualify, the SBA often offers better rates and longer terms, but you have to apply and meet strict criteria.
3. Invoice Factoring
If you’re waiting on slow-paying clients, factoring can unlock immediate cash flow — in fact, many small businesses rely on factoring to keep operations going.
4. Work Directly with Lenders
Sometimes, it’s best to reach out to lenders on your own first. You might avoid third-party fees, but remember that expert negotiators typically secure better terms.
WHY CONSIDER DELANCEY STREET?
- MONEY BACK GUARANTEE
- Expert Team: We have attorneys and Debt Settlement Advisors who do this every day.
- Proven Track Record: Over 80% of our clients get an additional 1-3 years added to their term. Over 80% receive a reduction in overall balance.
We’ve been AS SEEN ON major platforms like Forbes, Entrepreneur, American Express, GoDaddy, and more. Our reputation matters. Our experience matters. We can help you.
ACT NOW
The longer you wait, the more late fees and penalties could pile up. Don’t let your business get buried.