Sasha Katz

It is with extreme gratitude and enthusiasm that I recommend the Law Offices of Sasha Katz and Eric Katz. In April 2012, I found myself in a major financial crisis when several business clients stopped paying their large receivables due to their clients non-payment. My debt included a $1,000,0...00 Bank Line of Credit (personally guaranteed), $1,200,000 in credit card debt (15+ cards in my name) and $400,000 in vendor payables (50+ vendors). For business and personal reasons, Bankruptcy was not an ideal option. My phone became a non stop source of dread. I had two daughters away at college and had to take every call from every unknown number. Tagging phone numbers to avoid the creditor calls proved fruitless. Over the next several years, Eric settled each credit card debt for 10% to 20% of the principal balance and most waived the interest and late charges. He negotiated settlements in installments usually over a period of 6 to 12 months. Eric set a plan of action and prioritized settlements based on the funds I had available. Eric continuously spoke with creditors working on potential future settlements. As time passed, most of the creditors accepted a settlement. There are a few lingering accounts which Eric continues to work on for me. I am grateful that these debts do not cause me stress because I know Eric will work out an affordable settlement for me. Although Eric had numerous major achievements along the way, his greatest success was settling a $552,000 credit card Judgement for a one time payment of $50,000. It has been 7 years since I walked into the Law Offices of Sasha Katz and began working with Eric. My scariest creditors are settled and paid. I maintain 2 personal credit cards and pay them in full each month. I did not file for Bankruptcy. My credit score has increased from under 500 to 710. It is possible that my situation was particularly challenging due to the large sums and big name creditors accustomed to intimidating people into full payment. The Law Offices of Sasha Katz stood toe to toe with all of them on my behalf. I write this Letter of Recommendation because I know there may be other business owners like me, either hit all at once with a major non payment or slowly being buried in debt in an effort to save their businesses. A financial restructuring may be in order, Eric Katz and The Law Offices of Sasha Katz is your solution. Sincerely, A Fellow Business Owner in South Florida