Power of Attorney for Debt Settlement

On May 12, 2011, in Debt settlement, by John A. Weber IV, ESQ.

We have recently encountered some issues during debt settlement negotiations with creditors.  It now seems to be  an increasing trend that creditors are requiring a power of attorney form, even from your attorney, to discuss the creditors accounts.  Generally, a letter of representation or an authorization form is sufficient.  Don’t be shocked however when they refuse to speak with  any person who has not been given an effective power of attorney.  Although it seems to be a little redundant to have an attorney given such powers (which the retainer has seemingly already given him), the hurdle is minor and is generally easier to comply with than to challenge.  If there are any questions or concerns regarding whether or not granting your attorney the power of attorney is a wise decision, then feel free to call us at (516) 858-2620!

We proudly assist residents of Long Island: Nassau county, Suffolk county, New York City: Queens, Brooklyn, Bronx, Staten Island, and Manhattan with their debt issues.

Call (516) 858-2620 to arrange a FREE  consultation with a Debt Settlement attorney!

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