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Nationwide Legal Representation

We are an elite criminal defense law firm, that emphasizes providing the best service and professionalism to all clients. We service a curated clientele nationwide – that expect the best from their lawyer. We handle tough criminal defense and legal situations that require deep knowledge, experience, dedication, and excellence in order to win. We have over 50 years of combined experience, handling national and international cases.

Service Matters

Excellent results begins with top notch service. We treat you like family, and you always know what's going on with your criminal defense case.

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When you hire our law firm, you work directly with a senior criminal defense attorney only. This ensures the best results possible.

Who We Are

We 100's of 5 star reviews, and have been featured in the media. We are a premier law firm who understands how to win cases.

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Top Rated Attorneys

The Spodek Law Group is one of the most successful law firms in the USA. Our success comes from the fact we are attentive to details, and take a very pragmatic approach to each and every single case. Our clients turn to us for realistic advice – so they can make the appropriate decisions they need to make personally. Our goal is to make sure your case ends in a positive outcome, not only personally – but for your family as well.


Business Debt Settlement Lawyers

Business Debt Settlement – Nationwide Service

Did you take expensive, high interest, business loans / merchant cash advances in the past, and now you’re struggling to keep up with the expensive payment? We understand the difficult you face. Spodek Law is a premier and top rated business debt settlement law firm that helps clients nationwide. 

If you’re facing challenges paying back your merchant cash advance, we can help. We understand the difficulties you face, and can help you get the settlement you need on the business debt you took. Often, merchant cash advances are VERY expensive, and super difficult to pay back due to the fact they are a daily payment. When you get a merchant cash advance, you’re agreeing to a daily, or weekly, payment, and it’s a high interest loan.

What business debt settlement can accomplish:

  • Reach settlements with creditors
  • Stretch your merchant cash advance over a greater period of time
  • Reduce the amount you owe
  • Spend less time dealing with creditors
  • Eliminate business debt

Why companies choose business debt settlement 

When you work with a law firm like Spodek Law, they take over everything for you. They reach out to lenders on your behalf and notify them you’re working with a debt settlement/negotiation company. All future contact goes through the debt settlement company, which allows you to focus on your business. Companies like Spodek Law create custom made programs which help you get a successful cash advance settlement. They have experience working with lenders nationwide, and the strategies they preach can help you settle your debt. Another great benefit of business debt settlement is that it can help you reduce your payment by up to 50%, and can lengthen your payment terms which result in additional savings.

Whose a great candidate for business debt settlement?

  • If you have more than one merchant cash advance
  • If your cash advance lender is taking a lot of money from you daily
  • If you have a negative balance, or bounced checks
  • If there is a drop in your income since taking the cash advance
  • If you’re taking out multiple cash advances in one year
  • If you’re late on payroll, rent, etc
  • If you’ve maxed out personal credit cards to repay the cash advance
  • You need to take an additional cash advance to repay this one

What are examples of business debt settlement

There are a number of ways debt settlement can help. Debt settlement companies can offer small business debt consolidation. It means instead of making multiple payments to multiple lenders, you make just one recurring payment. Another way they can help you is by helping you get a merchant cash advance settlement – which is a great way to save your business. There are a lot of high interest rates and fees associated with merchant cash advances – especially if you take a second position cash advance. Spodek Law can negotiate your balances and put you in control. Companies like Spodek Law can help with unsecured debt and secured debt. For example, unsecured debt such as a merchant cash advance is burdensome due to the fact there’s no collateral.

Business Debt Settlement and Business Debt Negotiation

Business debt settlement and negotiation is an effective way of stopping the financial drain you’re experiencing. The attorneys at Spodek Law, PC, can help you put a plan in place to negotiate down your debt, and resolve it for good. Debt negotiation is an effective method of debt settlement. It involves negotiating for a reduction of your debt. It usually results in your business debt being settled for less. The debtor pays the creditor less than what was owed/allegedly owed. Achieving successful business debt settlement through debt negotiation isn’t easy. It requires knowledge of the law and negotiation skills.

Can you negotiate your own business debt settlement?

It may be possible in some cases. You might not get the best results. It might make sense to hire an expert attorney who truly understands how to do it. If you have little debt, and are only dealing with one debtor, then it might make sense to try negotiating on your own.

If your small business is struggling to meet its obligations, and needs debt relief assistance – you’re not alone. Thousands of small business owners are in desperate financial straights. Many survive by becoming leaner, and more frugal. In most cases, they utilize a combination of methods in order to relieve the financial burdens on their business. Before you give up and file bankruptcy, – and go out of business, you should consider other options. Many lenders offer debt consolidation loans to struggling small business clients.

Small business debt consolidation loans

If you meet certain criteria, your small business could qualify for a debt consolidation loan. Many debt consolidation loans can take 5 or more years to pay down your loan in full. If you’ve decided that bankruptcy is your only way out – then you’re not alone. Many small business owners declare bankruptcy every year. The numbers of business owners filing bankruptcy has only increased. There are many reasons to file bankruptcy – there’s no shame. There are two common forms of bankruptcy: Chapter 11 and 13. Known as restructuring, this enables small business owners to negotiate the terms of their credit cards and unsecured loans.

Downsides to filing bankruptcy

Many small business owners who emerge from bankruptcy find themselves in serious financial trouble. The bankruptcy process is very detrimental to your credit score. Your personal credit score might be shielded if you have a business corporation – but your business’ credit profile will be damaged if you engage in restructuring. Once your firm emerges, you’ll find that the cost of taking on additional funding is very high. You will have to pay higher interest rates, and have very strict borrowing restrictions. Some loan applications might be denied. It’s hard to expand, or maintain a business, under such circumstances.

Alternatives for small business owners

There are some important distinctions between consumer debt, and small business debt. Some of your unsecured small business debt obligations can qualify for relief through the debt settlement process. All unsecured debts are usually eligible for debt settlement. Debt settlement involves negotiating with creditors to reduce debt. It’s possible to reduce your unsecured debt by a significant amount using a business debt settlement attorney who understands how to restructure and settle your unsecured debts.

What is business debt settlement and business debt negotiation

Debt negotiation involves negotiating for a reduction of a specific debt. This results in the debtor paying the creditor less than the amount owed. Achieving successful debt negotiation, and settlement is not easy. It requires knowledge of federal and state law, in addition to having superb negotiation skills, and the ability to navigate potential lawsuits. You also must understand how to navigate VERY TIGHT agreements that protect debtors. It’s important to know how creditors work. Our attorneys focus on helping clients eliminate their business debt, by successfully negotiating a large reduction in debt without the need for bankruptcy.

Can you negotiate your own business debt?

It’s possible in certain cases, but you may not get the same results as working with an attorney. If you have little debt, and only debtor, then it might make sense to negotiate favorable terms on your own. If you’re like most business owners with substantial debt, and numerous creditors, then it’s likely you’ll find that negotiating on your own debt can be overwhelming. An attorney negotiating your business debt will save you more money than doing it on your own typically.

Ways to save your business with business debt settlement

The first way of saving your business is taking money out of your own pocket, and putting it into the business. This is a risk, because you’re doubling-down and betting you can turn around your business. This will only work though, if you can guarantee the fact in the long term your business will survive.

Cut Costs

If you can’t bail your business with private funds, you’ll need to find areas where you can reduce your costs. Perhaps you can sublease office space, or sell equipment. Bottom line, there are many ways of preserving your business by reducing expenses that aren’t needed. Shrinking your workforce isn’t an attractive option, but it can be necessary to keep the business alive. Sometimes consolidating responsibilities is one of the most effective forms of saving your business, by reducing employees.

Contact your Customers

If your customers take 30-90 days to get repaid, then it might be helpful to reach out to the various customers and ask to get paid quicker. If you stay connected with your customers, and find ways to get paid faster – it can help improve your revenue, and allow you to pay your expenses and business debt obligations. Often, the main reason business owners are considering business debt settlement is because they are looking for additional money due to a shortage in daily cash flow. If you contact customers to get paid back faster, if can help improve your cash flow which helps you.

Contact your creditors

When you engage with a law firm like Spodek Law, PC, we can help you with your business debt settlement needs. We can contact every one of your creditors, and advise them of your predicament. It means telling them that you are considering bankruptcy, and considering going out of business due to overwhelming debt and exposure to macro economics. Ignoring your lenders will only make your situation terrible. When you act early, it’s easier to tackle your debt problems. It’s in everyone’s interest to find a solution, and speaking to your lenders can result in lower interest rates, a restructure of your payment options, and even a reduction in your overall repayment amount. If you have multiple creditors, or collection agencies, haunting you – we recommend you engage in our business debt settlement program, so we can handle your debt problems. Our firm can negotiate with your creditors on your behalf and potentially help you settle your debts for less than what is owed.

Consolidate your existing business debt

This is another great option when considering how to fix your business debt. When you consolidate your business loans into one payment, this can help reduce your monthly cost without negatively impacting your credit. Business debt consolidation loans can allow you o deal with one creditor, rather than NUMEROUS creditors, and perhaps get a lower interest rate. This process can be facilitated through the help of a business debt consolidation company which will take responsibility for negotiating a new loan, collecting payments from your business, and paying off other creditors. If you secure this loan with business assets it can have a lower interest rate.

Bankruptcy is the last resort for business debt settlement

As a last resort, you can go through Chapter 11 bankruptcy. This is a way to salvage your business. If your business debt challenges are temporary, and the company is viable – but needs breathing room, then Chapter 11 is a viable route. This is a great way of reducing your business debt burden. Our firm can help you potentially. If your business has assets worth less than your debt, bankruptcy can allow you to pay only what the assets are worth – and not the entire balance of your business debt.

Let the business fail

If your business is almost done/dead, then it might make sense to simply let the business fail. If you lock the doors, and walk away, then you might be sued by creditors. If you truly shut down the business, and there’s no allegations of fraud, the creditors will not be able to come after you personally.

Sell the business

Your first option to business debt settlement might be to sell your business in order to pay off your lenders.

Negotiating Debt Settlements When You’re Going Out of Business

When a business closes, it has a lot of debt, to landlords, suppliers, banks, private lenders, etc. After you notify the creditors of your upcoming closure (which can potentially limit your liability), you’ll want to have a game plan on whether you’re going to pay these bills in full, settle them for less, or consider filing bankruptcy. It’s tempting to ignore your debts, and hope your creditors will forget about you. It will result in YEARS of being hounded by collection agencies, lawyers, and lawsuits.

Negotiate deals on your business debt

Assuming you can’t pay your creditors in full, the next question is: how little will they settle for. When you work with a business debt settlement law firm like Spodek Law, it can help. We can help you understand the type of creditor you’re working with, the attitude of the creditor, and what legal recourse they have. For example, if your business is an LLC or corporation without any personally guarantee debts, then the creditor will know it has no option of collecting the debt from you personally. It may be willing to accept a small portion of what your business owes as payment.

Charle Butler
Charle Butler
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!



Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

~ David Bruce

Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

Spodek Law Group

White Glove Service

We provide superior service, excellent results, at a level superior to other criminal defense law firms. Regardless of where your case is, nationwide, we can help you.

Hear From Our Clients

"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
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