Out-of-court debt settlement
Negotiation
Debt-free without insolvency proceedings? Through individual negotiations with your creditors, we reduce your debts without going through the courts. Another way out of your debts is to try to reach an out-of-court settlement with your creditors. 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.