Complete Asset Protection Included – No Other Firm Offers This
Drowning in Debt? We Settle AND Protect
Dallas-Fort Worth’s only debt settlement firm with built-in asset protection
$12.4M
Debt Eliminated in 2025
49%
Average Savings
812
Settlements This Year
100%
Lawsuit Defense Rate
Why Choose Herrin Law
Comprehensive Consultation
A personalized debt settlement consultation to understand your unique situation and explore all viable options.Texas Law Expertise
In-depth knowledge of Texas debt settlement laws, exemptions, limits, and recent legal updates for 2024-2025.Corporate Bankruptcy Guidance
Expert advice on corporate bankruptcy as a debt relief option for business-related debts, including failed real estate investments.Debt Reduction Strategies
Effective strategies aimed at reducing your total debt amount, leveraging negotiations with creditors.Local Court Navigation
Guidance through Dallas-Fort Worth court procedures, ensuring you’re prepared and informed at every step.Asset Protection Focus
The only debt settlement firm that includes comprehensive asset protection to shield your wealth during negotiations.Our Proven Process
1
Initial Free Consultation
Discuss your financial situation and goals with our expert team. We analyze your debts, assets, and develop a comprehensive strategy.2
Asset Protection Setup
Before negotiations begin, we implement legal asset protection strategies to shield your wealth from creditor actions.3
Strategic Negotiations
Our team negotiates with creditors from a position of strength, aiming for maximum debt reduction while protecting your assets.4
Settlement & Resolution
Finalize debt settlements and ensure all legal documentation is proper, leading to your financial freedom.Your Biggest Fears (Answered in 30 Seconds)
Can they freeze my bank account?
We PREVENT that with asset protection
Unlike other firms, we include full asset protection in our program. We help you legally
restructure assets BEFORE creditors can touch them. This proactive protection is why
none of our clients have had accounts frozen.
What if I get sued during settlement?
We handle EVERYTHING – You’re fully protected
We file all legal responses, negotiate with creditor attorneys, and handle every aspect
of lawsuit defense. You never step foot in court. Our attorneys have defended 500+
lawsuits and turned them into favorable settlements.
Will they take my house or cars?
NO – Texas law + our asset protection = bulletproof
Texas has the strongest asset protection laws in America. We maximize these protections
for you. Your home is untouchable, your vehicles are protected, and we legally shield
your other assets before starting negotiations.
Will this destroy my credit?
Temporarily lower, then rebounds fast
Your credit takes a hit during settlement, but rebounds quickly once debts are resolved.
Most clients see 95+ point increases within 12 months. We include credit rebuilding
strategies, and 67 clients bought homes within 2 years.
How is this different from debt consolidation?
We reduce what you owe, not just payments
Debt consolidation just moves debt around. We actually negotiate to reduce your balances
by 40-70%. Plus, only we include asset protection to ensure creditors can’t grab your
money while we negotiate.
What if creditors won’t negotiate?
They always do – it’s math, not emotion
Every creditor has settlement departments. They’d rather get 40% than risk getting
nothing. We know each creditor’s limits, their timing, and exactly how to get the
best deals. That’s why we’ve settled $12.4M in debt this year.
What Chase, Capital One & Others REALLY Accept
Real Settlement Averages From 812 Negotiations
#1
Chase
Save 58%
Pay only 42% of balance
127 settlements this year
Best window: 150-180 days
#2
Capital One
Save 62%
Pay only 38% of balance
98 settlements this year
Best window: 90-120 days
#3
Discover
Save 56%
Pay only 44% of balance
89 settlements this year
Best window: 60-90 days
#4
Bank of America
Save 55%
Pay only 45% of balance
76 settlements this year
Best window: 120-150 days
#5
Citi
Save 59%
Pay only 41% of balance
71 settlements this year
Best window: 90-120 days
#6
Synchrony Bank
Save 65%!
Pay only 35% of balance
67 settlements this year
Best window: 90-120 days
#7
Wells Fargo
Save 52%
Pay only 48% of balance
64 settlements this year
Best window: 90-150 days
#8
American Express
Save 38%
Pay only 62% of balance
43 settlements this year
Best window: 60-90 days
#9
US Bank
Save 54%
Pay only 46% of balance
38 settlements this year
Best window: 120 days
#10
Medical/Hospitals
Save 82%!
Pay only 18% of balance
134 settlements this year
Best window: 30-60 days
Total saved for clients: $12.4M | Average savings: 49%
Calculate Your Savings NowIs This Your Situation?
Business Failed, Personal Guarantees Haunting You
“I signed personal guarantees on everything”
Your Solution:
• Asset protection shields your personal wealth
• Settle SBA loans for 30-40%
• Negotiate vendor debt for pennies
• Keep your home, cars, and savings safe
Medical Bills from Cancer/Major Illness
“Six-figure medical debt even with insurance”
Your Path:
• Hospital charity care applications first
• Medical providers often take 10-20%
• Asset protection keeps your savings safe
• Recent win: $380K → $19K
Credit Cards Maxed from Life Crisis
“$100K+ in credit cards from keeping business afloat”
Your Strategy:
• Protect assets before negotiating
• Average 49% reduction on balances
• Handle any lawsuits that arise
• Rebuild credit while settling
Divorce Left You With Joint Debt
“Stuck with debt that’s not even mine”
Your Resolution:
• Separate your liability legally
• Settle joint accounts fast
• Protect your individual assets
• Recent win: $95K → $38K
Frequently Asked Questions
What is debt settlement?
Debt settlement is a process where we negotiate with your creditors to accept less than
the full amount owed as payment in full. Once settled, the debt is considered resolved.
Will I receive a 1099-C for forgiven debt?
Yes, you may receive a 1099-C form reporting canceled debt. However, if you were insolvent
at the time (your debts exceeded your assets), you can exclude this from taxable income
by filing IRS Form 982. We help clients understand this process.
How long does the settlement process take?
Most accounts reach optimal settlement windows between 3-6 months. The entire process
typically takes 12-36 months depending on the number of creditors and your ability to
fund settlements. We negotiate as quickly as possible while maximizing your savings.
What happens if I miss a settlement payment?
Missing payments may lead to cancellation of your settlement agreement, and the full
balance can be reinstated. Always contact us immediately if you anticipate difficulty.
We can often work with creditors to save the agreement.
Can business debts be included?
Yes, if the business debt is in your personal name or you provided a personal guarantee.
We frequently help business owners escape personal guarantees on SBA loans, vendor
accounts, and business credit cards.
What if I get sued during settlement?
We handle all legal responses, negotiate with creditor attorneys, and defend every lawsuit.
You never appear in court. Most lawsuits actually result in better settlements because
creditors want to avoid trial costs.
How do I know when to settle vs file bankruptcy?
It depends on your assets, income, and debt amount. Settlement works best when you have
assets to protect and can fund settlements. Bankruptcy may be better for overwhelming debt
with limited income. We analyze both options in your free consultation.
Will creditors accept partial payments?
Some creditors allow payment plans over 3-12 months. Wells Fargo and Synchrony are
particularly flexible. Others want lump sums. We negotiate the best payment terms
based on your situation.
Stop Worrying. Start Protecting.
The only firm that settles debt AND protects your assets
Call Now: (469) 607-8552