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Our attorneys draw upon their diverse backgrounds to provide strategic and creative solutions to complex legal problems. Our diversity includes backgrounds in engineering and business to political science, education, mathematics, insurance and journalism. As trial lawyers, we have nearly 100 years of combined legal experience. We thoroughly analyze each and every detail to craft solid legal strategies that are aimed at results - while remaining well-grounded in the law. Our attention to detail has helped not only to achieve results, but also to shape and define the law. 

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What Is Debt Settlement?

Debt settlement is a process where you pay less than the amount you owe in order to settle a debt. This can be an extremely effective tool for credit card debt and medical bills. Most hospitals and credit card companies are willing to settle for a small fraction of what is owed, rather than get nothing in a bankruptcy or spend the legal fees required to take you to court. Individuals with financial problems who choose not to file bankruptcy should consider debt settlement. Debt settlement may damage your credit score, but if you are unable to pay your debt, your credit score is either already ruined or soon will be.

Reviewing The Debt Settlement Process

To settle your debt, the first thing we do for you is determine whether you really owe the debt. Oftentimes, we find that credit card companies have added late fees, penalties and interest that may not be collectible in court. Unlike “debt settlement companies,” you decide which debts to settle and what to pay. When we settle a debt on your behalf, you pay the amount agreed upon to the creditor according to the terms of the settlement, usually for a small fraction of the original amount owed. This process has been successful for clients who owe hundreds of dollars on a credit card to businesses that owed millions on unpaid contracts.

Get Help From An Experienced Ohio Attorney

Phillips Law Firm, Inc., helps individuals and businesses with debt settlement by negotiating with creditors, defending against collection lawsuits and working with your unique financial situation to obtain the best result for you. Our attorneys have the experience, legal training and knowledge of the business to assist you with settling debts.

For an initial consultation, call 513-985-2500 or submit a contact form to get started.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.