Tailored Financial Restructuring Services

The duration of the debt settlement process can vary depending on the complexity of your case and the responsiveness of your creditors. Typically, settlements can be reached within a few weeks to several months.

PRG’s SimpleSettle stands out because of our tailored approach, which combines deep understanding of creditor disputes, a personalized strategy for each client, and our commitment to ethical practices. Our extensive curated outside network of legal professionals and our focus on small businesses make us particularly adept at handling complex business debt issues.

Using PRG eliminates the need for you to manage or fund an escrow account. We handle negotiations directly and more efficiently, and our interests are aligned purely with achieving the best outcome for you without the additional fees and steps involved in escrow management.

While lawyers focus on the legal proceedings, PRG focuses on financial negotiations that may prevent the need for these proceedings or work in tandem with legal efforts. We aim to settle debts outside of court, which can be less expensive and quicker than traditional legal processes.

PRG stands out from other debt settlement companies due to our deep commitment to understanding and specifically catering to the needs of small businesses, especially in several niche industries. Unlike generalist firms, PRG offers: · Affordable, Transparent Fees: PRG is committed to transparency in all our dealings. We ensure you fully understand our fee structure upfront, with no hidden costs. Our fees are competitive and designed to be affordable, making professional debt settlement accessible to your business. · Dedicated Expert Negotiator: Each client is assigned a dedicated negotiator, an expert who not only specializes in debt settlement but is also attuned to the complexities of your industry. This one-on-one attention ensures that your specific case is managed with the utmost care and expertise. · Curated Outside Legal Network: Recognizing that some financial challenges require specialized legal advice, we provide access to a curated network of legal professionals. This network ensures you receive expert legal guidance at a fraction of the cost, further helping manage your debt in a compliant and strategic manner. · Tailored Solutions: We don’t offer one-size-fits-all solutions; instead, we tailor our strategies to fit the specific financial situations and objectives of each client. · Holistic Approach: Beyond just settling debts, we focus on long-term financial health, helping businesses restructure their finances in a way that supports sustained growth and stability. · Ethical Practices: Transparency and integrity are at the core of what we do. We provide clear communication throughout the process, ensuring you understand and agree with our strategies. · Strong Track Record: Our success is reflected in our numerous client testimonials and case studies, which demonstrate our ability to negotiate favorable outcomes that substantially alleviate financial burdens.

While specific client details remain confidential, we can share the types of outcomes we’ve achieved for businesses in the transportation sector: · Reduced Debt Loads: For a regional trucking company, we negotiated a reduction of 60% on a substantial MCA debt, allowing the business to avoid bankruptcy and continue operations. · Extended Payment Terms: We helped a freight logistics company restructure their debt payments, extending their payment terms significantly which aligned better with their cash flow, especially beneficial during off-peak seasons. · Avoidance of Legal Action: For several clients, our proactive negotiations have prevented creditors from pursuing legal actions, thus avoiding costly court proceedings and potential asset seizures.

Absolutely. One of the key goals of our negotiations is to reduce the total debt burden on your business. We work to lower both the principal amount and any accrued interest or fees wherever possible.

While no debt settlement firm can guarantee a settlement, we have a high success rate due to our experienced negotiators and proven strategies. If negotiations do not result in a settlement, we will reassess the strategy and can continue negotiations or explore other options such as restructuring or, as a last resort, guiding you through the bankruptcy process if it is in your best interest.

We have extensive experience dealing with various creditors and are likely familiar with your plaintiff. Our team is adept at handling different negotiation tactics effectively, leveraging our industry knowledge to your advantage.

If your receivables are being contacted directly by creditors, PRG can intervene by informing all parties involved that we are representing you in these matters, helping manage communications and ensuring that your business operations are not unduly disrupted.

Yes, part of our negotiation process can include addressing and resolving UCC liens placed on your assets as part of the settlement agreement. We work to either remove or restructure these liens to better suit your financial capabilities.

While you can handle a settlement offer from a creditor on your own, partnering with PRG offers significant advantages. Our experienced negotiators can secure better terms, comprehensively analyze the impact on your financial health, and protect you from pressure tactics, ensuring the settlement is in your best interest. By entrusting PRG with your debt settlement, you can focus on your business while we handle the complexities of negotiations, saving you time and reducing stress.

We pride ourselves on transparency with our fee structure. We work on a set fee for our time and expertise. It does not matter how short or long each claim takes, we charge you the same fee for the duration of the claim.

We typically operate on a fixed fee basis, meaning our fees are set up front and it does not matter how long the claim takes, we will be with you until the end of the claim. We offer flexible payment options tailored to each client’s financial situation.

PRG can handle most aspects of the negotiation and settlement process, including basic legal support through our curated network of legal professionals. However, for specific legal proceedings or complex legal advice, hiring a specialized lawyer might still be necessary. We can assist in coordinating with appropriate legal counsel as needed.

No, we work on a fixed fee basis. We find that this is the fairest option for our clients. You pay for our expertise and out time and we agree up front on the fee allowing for predictable costs and no hidden surprises later.

The target settlement amount varies based on your specific financial situation and the creditor’s stance. Generally, we aim to reduce your debts substantially, often targeting reductions of 30-70%, depending on the case specifics.

We prioritize minimal disruption to your day-to-day operations. Our approach involves discreet and professional negotiations with creditors to ensure that business operations continue smoothly without undue stress or interruption.

Communication is key to our approach. You will be kept informed at every stage of the process, and we will coordinate all communications with creditors on your behalf. Regular updates and strategic discussions will ensure you are always in the loop.

Absolutely. In addition to debt settlement, we offer advisory services to help improve your financial management practices, ensuring healthier business operations and reducing the likelihood of future financial distress.

You will be assigned a dedicated account manager who will be your main point of contact. They will provide regular updates and are always available for any queries you may have. Typically, we provide weekly updates, or more frequently as needed.

You may be required to show various financial statements and/or bank statements to the creditor during the negotiation process. You likely provided this information when obtaining the credit or financing, so it’s reasonable to expect to show it again when seeking relief. PRG will also ask you to provide this information early in our onboarding process because it helps us generate a better narrative and hardship story using hard data and facts.