Nevada Attorney Las Vegas Law Firm
PandA Law Firm lawyer

Small Business
Debt Settlement

PandA is a top rated debt settlement law firm for small business owners.

Debt Settlement for Small Business Owners

Las Vegas small business debt settlement involves a renegotiation of what you owe a creditor to a lower amount. Small business debt settlement can get you out of debt without bankruptcy.

PandA Attorneys have been negotiating business debt for a combined 40 years. We’ll negotiate with your creditors to reduce the amount you owe. This is very different from debt consolidation or even credit counseling who’s goal is to lower interest rates or payments.

Your PandA Law Firm attorney will LOWER THE AMOUNT YOU OWE your creditors. Typically, you’ll wind up paying back 30% to 50% of the total balance. (results may vary)

Common types of business debt:

  • Credit Cards
  • Equipment Leases
  • Property Leases
  • Small Business Loans

Why is Debt Settlement the best option for small businesses?

Most small businesses are financed with personal debt and/or business debt that is personally guaranteed (which means it’s not discharged in a business bankruptcy – personal liability remains.)

Can debt negotiation save my small business?

Inflation in product prices and wages are hurting small businesses. Debt negotiation can be an alternative to closing the business because creditors want to get paid and have a better chance if your business succeeds. They’re happy to work with PandA attorneys to lower balances and interest rates, and to lower payments or accept a lump-sum settlement.

PandA Law Firm

Small Business Debt Relief FAQ — Las Vegas Attorney Answers

Can a small business settle its debts without closing?

Yes. Debt settlement allows many small businesses to negotiate reduced balances with creditors while continuing to operate, without filing for bankruptcy.

Business debt settlement negotiates on behalf of the business entity. Depending on the structure, business owners may or may not have personal liability — a PandA attorney can evaluate both.

Not necessarily. Chapter 11 bankruptcy allows businesses to restructure debt while remaining open. PandA can help determine whether settlement or bankruptcy is the better path for your business.

Retaining a debt settlement attorney puts creditors on notice and opens negotiation. If a lawsuit has already been filed, PandA can still negotiate a settlement or defense strategy.

Get Your FREE* Consultation with our Small Business Debt Settlement Attorneys

If your business debt is getting out of control, call us today at 702-818-3888 or fill out the contact form below to schedule your free* consultation with one of our attorneys!

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PandA Law Firm