EXTRAORDINARY DEBT CLEARANCE for businesses

Negotiation

Debt-free without insolvency proceedings? As a trader, you also have the option of reaching an out-of-court settlement with your creditors and reducing your debts through individual negotiations without going bankrupt. As a trader, you can also try to reach an out-of-court settlement with your creditors as a further way out of your debts. Put simply, this is a contract with the creditors in which we try to negotiate the debt amount down as far as possible and thus negotiate acceptable conditions for you. We start with the lowest possible offer and gradually increase this in several rounds of negotiations until all creditors have agreed to the out-of-court settlement. It is possible to agree a one-off payment with the creditors or a monthly installment payment, usually over three years. If you meet the agreed payments in accordance with the contract, you will then be debt-free.

Important to know

Prerequisite

All creditors are known:

You must be absolutely sure that you know all your creditors, as only those creditors who sign the out-of-court settlement will become part of it. Otherwise, unknown creditors can seize your assets again, which can lead to the settlement failing.

Financial stability:

You must be sure that you will be able to pay the agreed installments over the entire term, as the out-of-court settlement can be terminated by the creditor concerned if two installments are not paid.

Running time:

The term is individually negotiable. This can be individually adapted to your financial situation, but is generally no longer than three years. Of course, it is also possible to become debt-free immediately by making a one-off payment.

How much do I have to pay?

By negotiating with your creditors, we try to achieve monthly installments - or a one-off payment - that you can afford and that are as far below your original payment obligations as possible. The extent to which we can reduce your debt depends on the nature of your debt, your personal situation and the respective creditors.

No account and salary garnishments:

As seizures are suspended during the term of an out-of-court settlement attempt, you can freely dispose of your income apart from the agreed repayment installment to the creditors.

Schufa:

Unfortunately, in contrast to insolvency proceedings, your Schufa is only positive again three years after payment of the last installment.

1. contact

Contact us today and arrange an individual consultation appointment as soon as possible!

3. contacting the creditors

If you decide to get out of debt with us, we will first contact all your creditors to find out the current status of all your debts and to inform them that we will be your sole point of contact for everything from this point onwards in order to relieve you as much as possible.

5. start negotiations with your creditors

After submitting an initial offer that is as low as possible, this will be continuously increased until all your creditors have agreed in order to achieve the best possible result for you.

2. free initial consultation

In our free initial consultation, you will get to know us and the debt advisor responsible for you personally, who will accompany you on your way and is always available for you. Please bring all available documents relating to your creditors with you to the meeting so that we can get an overview of your financial situation. Your advisor will then show you the best way out of debt for you and what costs you will incur.

4. list of all liabilities

Once we have contacted all your creditors, we will use this information to compile an up-to-date list of all your debts. We need this in order to have a fixed sum that we can negotiate with your creditors.

6. agreement with all creditors

Once you have reached an agreement, we will send you the repayment plan showing the monthly installments you have to pay to your various creditors and how much you have saved in total.

1. contact

Contact us today and arrange an individual consultation appointment as soon as possible!

2. free initial consultation

In our free initial consultation, you will get to know us and the debt advisor responsible for you personally, who will accompany you on your way and is always available for you. Please bring all available documents relating to your creditors with you to the meeting so that we can get an overview of your financial situation. Your advisor will then show you the best way out of debt for you and what costs you will incur.

3. contacting the creditors

If you decide to get out of debt with us, we will first contact all your creditors to find out the current status of all your debts and to inform them that we will be your sole point of contact for everything from this point onwards in order to relieve you as much as possible.

4. list of all liabilities

Once we have contacted all your creditors, we will use this information to compile an up-to-date list of all your debts. We need this in order to have a fixed sum that we can negotiate with your creditors.

5. start negotiations with your creditors

After submitting an initial offer that is as low as possible, this will be continuously increased until all your creditors have agreed in order to achieve the best possible result for you.

6. agreement with all creditors

Once you have reached an agreement, we will send you the repayment plan showing the monthly installments you have to pay to your various creditors and how much you have saved in total.

Do you still have questions?

If you would like more detailed information on out-of-court settlement attempts for traders, you can find it here.

Further information