Debt Negotiation Legal Fees

Matthew E. Mazur, Jr., Esq. and Matthew Mazur, P.A., enters into a retainer agreement with our clients to represent them in debt negotiation. Our fees for debt negotiation representation are a two part flat fee, consisting of a Non-Refundable retainer and a flat fee based upon each debt negotiated on behalf of a client.

The first part of our fee, the up front Non-Refundable retainer fee of $600.00*, which retains our firm to negotiate on behalf of the client with 5 of their creditors.

The second portion of our fee is based upon our successful negotiation of debt reduction for our clients. For each creditor that  we successfully negotiate with on behalf of our client and obtain a settlement agreement that the client approves, we charge a flat fee of $300.00.

The flat fee of $300.00 is due upon the acceptance by the client of each settlement agreement obtained for them with each of their creditors.

An example of legal fees in a debt negotiation case

A client owes a creditor $15,000.00 and the account is a collection account for non-payment. The client retains Matthew Mazur, P.A. for $600.00.

Matthew E. Mazur, Jr., Esq. and Matthew Mazur, P.A., negotiates with the creditor to obtain a payoff amount on behalf of the client in the amount of $7,500.00. The creditor provides us with confirmation that they will agree to accept the $7,500.00 as a "final settlement" of this outstanding debt. The settlement proposal is provided to the client for approval.

The client reviews and approves the settlement proposal. Upon the client's approval, the flat fee of $300.00 is paid by the client to Matthew E. Mazur, Jr., Esq. and Matthew Mazur, P.A.

As such, the debt negotiation has resulted in a savings to the client as follows:

*The One-Time Up Front Retainer covers negotiation with 5 creditors. For each creditor a client has above 5, the initial retainer is increased by $25.00. As such, if a client has 6 creditors they wish to have the firm negotiate with, the Up Front Retainer will be $625.00. The above example assumes a client with only 5 creditors.

The flat fee of $300.00 is due upon the acceptance by the client of each settlement agreement obtained for them with each of their creditors. Typically, the payment of the settlement payoff to each specific creditor will be due 15 to 90 days from the date the settlement agreement is accepted by the client.

The above example is for demonstration purposes only and does not reflect the savings or the contingency fees that will be charged by our firm in every case. Each client and case is different. We cannot guarantee the outcome of any case we handle, but we can guarantee that we will put forth our best efforts to obtain satisfactory results for our clients.

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