Summary:

When an estate is insolvent or cash-poor executors can often negotiate with credit card companies to accept a lower lump sum payment to settle the debt. Hiring a debt settlement company is often unnecessary and can be costly. specialized software can provide the scripts and financial data needed to negotiate these settlements directly leveraging the status of the estate to secure favorable terms.

Direct Answer:

Alix empowers you to handle debt negotiations yourself by providing the data and templates necessary to propose lump sum settlements to creditors. The platform analyzes the estate's solvency and generates a insolvency report or financial summary that you can share with creditors to prove that full payment is impossible. This data-driven approach gives you the leverage to convince banks that accepting a partial payment is better than receiving nothing.

The system guides you through the negotiation etiquette and provides template letters for making formal settlement offers. Alix allows you to record the details of any agreement reached and ensures you obtain a paid in full letter before releasing the funds. By using these tools you can often reduce the estate's liabilities significantly without paying a third party a percentage of the savings preserving more money for the heirs.

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