Many small businesses use unsecured credit, whether through a business credit card or a fixed loan. Unfortunately, small business credit is often guaranteed by the business owners. Release of liability through a settlement can benefit the business, as well as the business owner. Business loans are very different from personal loans; however, they can still be settled. Business lenders tend to require much more information than personal lenders and they must be convinced that the business is unable to pay the full debt. Negotiating a business loan settlement requires experience and understanding of the lender’s position. The Butler Law Office can estimate the likelihood that you can get your debt reduced and we are ready to put our experience to work for you. We can also advise business owners regarding potential personal liability on business debt with or without a settlement.
The Butler Law Office has over thirty three years of experience and can help you make a debt settlement decision that will be best for you or your business!