Debt-Negotiation Strategies for New Jersey Small-Business Owners - Daniel Straffi

From Straffi & Straffi Attorneys at Law - Debt Negotiation Strategies for New Jersey Small Business Owners explores how entrepreneurs in New Jersey can regain financial control by employing strategic negotiation techniques, precise documentation, and legal insight.

In this episode, we’ll walk through the importance of the Pre-Negotiation Audit, from clarifying your business cash flow to assembling a robust financial dossier and conducting a legal review. We’ll highlight how being thoroughly prepared shifts your role from debtor to strategic negotiator.

Next, we’ll dive into core negotiation strategies: how to choose between a lump-sum settlement versus a payment plan, and the pitfalls of signing into stipulated judgments. We’ll also examine high-risk debt types—like merchant cash advances (MCAs) and secured debts such as SBA-backed loans—and how New Jersey law, including the confession-of-judgment ban (N.J.S.A. 2A:16-9.1), may offer leverage.

Lastly, we’ll address personal guarantees, the bankruptcy disconnect, and how your business entity (LLC/S-Corp) may not shield you when you’ve personally guaranteed loans. We’ll cover how failing to coordinate business and personal filings can leave you exposed—even after liquidation.

Straffi & Straffi Attorneys at Law

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