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  • FAQ
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What happens to my creditors while I am putting money in the trust account? Do they get paid?

Your creditors do not get paid while you are putting money in your debt settlement trust account, and this is what allows us to gain negotiating leverage. Your account continues to age, collection activity continues, and your creditors typically become more willing to settle your debt at a discount, while you are accumulating funds to be used as lump-sum payments. At some point, preferably within 18 months or less, we’ll reach an agreement with your creditors and pay them a lump sum (using the funds from your trust account), to settle that debt at a discount – typically 50 cents on the dollar.

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Delivering millions of dollars in debt relief to our clients since 2003!
Don’t let your debt hold you back any longer. Get back on the path to financial well-being by contacting an experienced bankruptcy attorney today to discuss debt settlement and credit card debt negotiation. We typically help our clients settle their debts for $0.50 to $0.60 on the dollar, and truly want our clients to become debt free.
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Trident Debt Solutions, Inc. is a registered trade name of Stephen T. Craig, PC, a Colorado law firm.
Stephen T. Craig is a federally designated debt relief agent and bankruptcy attorney who helps people file for bankruptcy relief under the Bankruptcy Code. He also provides alternative to bankruptcy.
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