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Articles, news, and interviews on business debt relief and Merchant Cash Advance restructuring. Insights for business owners and operators – explore evidence-based strategies and real world results delivered for businesses just like yours.
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Delancey Street isn’t just solving debt problems — we’re shaping the conversation around them. Our founders and expert advisors are regularly featured in national media, invited to speak at industry events, and brought into boardrooms by major corporations seeking insight on complex debt, financial risk, and restructuring strategy.
From navigating high-stakes merchant cash advances to protecting business reputation during a downturn, our team’s rare perspective — having operated on both sides of the lending table — makes us a trusted authority in moments that matter. When businesses or journalists need clarity on the evolving debt landscape, they call Delancey.
WE ARE TRUSTED VOICES IN DEBT MANAGEMENT STRATEGY
Delancey Street isn’t just solving debt problems — we’re shaping the conversation around them. Our founders and expert advisors are regularly featured in national media, invited to speak at industry events, and brought into boardrooms by major corporations seeking insight on complex debt, financial risk, and restructuring strategy.
From navigating high-stakes merchant cash advances to protecting business reputation during a downturn, our team’s rare perspective — having operated on both sides of the lending table — makes us a trusted authority in moments that matter. When businesses or journalists need clarity on the evolving debt landscape, they call Delancey
Few Insights on Common Inquiries
What is business debt settlement and how does it work?
Business debt settlement is a process where a company negotiates with creditors to settle outstanding debts for less than the full amount owed. The debt settlement company contacts each creditor to try to get them to agree to accept a lump sum payment that is less than the original balance, effectively settling the account for a discount. For example, if a business owes $100,000 across multiple credit accounts, the debt settlement company may be able to negotiate with creditors so that the total debt can be resolved for $60,000.
What types of business debts can be settled?
Debt settlement works primarily with unsecured debts, including:
- Credit card debt
- Business loans (unsecured)
- Merchant cash advances
- Medical bills
- Vendor debts
- Some private student loans
Secured debts, student loans, and certain government-imposed debts like taxes or child support are typically off the table.
How much can businesses save through debt settlement?
Successful negotiations can lead to a reduction in debt, typically ranging from 40% to 50% of the original amount. If you get lucky, you could even save 80% of the debt amount. This allows the business to settle debts and become debt-free by paying a reduced amount compared to the original balances.
How long does the business debt settlement process take?
The length of a business debt settlement program can vary quite a bit depending on the total amount of debt owed and the number of creditors involved. However, most programs take between 2-4 years to fully complete or as quickly as 2-3 months. Typically, programs span between 15 and 36 months, but individual timelines vary based on several factors.
Will debt settlement affect my business credit score?
Your credit score might initially drop when you stop making payments and begin the settlement process. However, as settled debts are reported as “settled” or “paid,” your score should gradually improve. Using debt settlement services can have a negative impact on your credit scores and your ability to get credit in the future. These personal guarantees mean that in addition to reporting the collection account to the commercial credit bureaus, the agency will likely also report it to the consumer credit bureaus.
What are the fees for business debt settlement?
Fees vary, but debt settlement companies generally charge between 15% and 40% of the settled debt. Look for a debt settlement company that charges the lowest fee percentage. Consider savings account and other fees as well. However, a few states including Connecticut, Kansas, and North Carolina prohibit debt settlement companies from charging any upfront fees before settling debts.
Is business debt settlement legal?
The business debt settlement service itself is legal nationwide. However, regulations vary by state. The firm you engage should have settled at least $10,000,000 in credit card debt to demonstrate experience and legitimacy. Always verify the company’s registration and compliance with state regulations.
Can I negotiate debt settlement myself or do I need a company?
Yes, you can negotiate directly with your creditors. Some people choose to do this to avoid agency fees, but it can be time-consuming and requires a good understanding of negotiation tactics. You can negotiate directly with credit card companies and other lenders. There is no guarantee the companies will accept your offer, but if they do, that is a considerable savings for you.
What are the alternatives to business debt settlement?
Several alternatives exist:
- Chapter 11 bankruptcy usually involves restructuring with your creditors, one of the benefits of this is you can continue to operate the business.
- Debt consolidation (combining multiple debts into one loan)
- Credit counseling services
- Direct negotiation with creditors
- Payment plans
What happens if a creditor won't negotiate?
MEET OUR LEADERSHIP
Behind every Delancey Street strategy is a real expert with real credentials — not a call center script. Our team includes attorneys, negotiators, and debt industry veterans who’ve been on both sides of the table. Click through to meet the people who will personally handle your case, advocate for your business, and work relentlessly to get you the results you deserve.
Vinay Metharamani
Chief Executive Officer &
Co-Founder
Steven M. Raiser, Esq.
Founding Partner &
Chief Legal Officer
Colton Schnall
Chief Operating Officer &
Co-Founder
We Know Debt
Proven Debt
Relief Strategies
Real World
Results
Articles, news, and interviews on business debt relief and Merchant Cash Advance restructuring. Insights for business owners and operators – explore evidence-based strategies and real world results delivered for businesses just like yours.