Commercial collections law attorneys represent lenders, creditors, buyers, sellers, and real estate clients. They will protect your interests and provide you with exceptional advice. They will help you resolve your legal problems so that your company can move forward with minimal interruption. Do you know that the older delinquent accounts become, the more difficult it becomes to collect? When accounts reach 90 days, you can expect to collect about.75 on the dollar. After 6 months, you will only be able to collect about.50 on the dollar. After 9 months, most people only collect.25 on the dollar. A commercial collection attorney can help you collect the money you are owed quickly.
Attorneys can handle claims from inception and post-judgment matters. They will pursue your overdue accounts while you focus on running your business. Experienced commercial collections attorneys use efficient and effective techniques and they will maximize the amount of debt that’s collected. You’re entitled to the funds that you’re owed and you have the legal right to seek payment from your delinquent clients.
If you hire a law firm to collect the debts you are owed, you will send a powerful message to your delinquent clients. Your clients will soon realize that the time has come for them to pay the debts they owe. The attorney you hire will also provide you with status updates regularly either via mail, e-mail, telephone, or fax, concerning your claims placed with them. Many attorneys also accept claims electronically. The lawyer you hire will work with you to create a customized program to maximize the amount of money you collect on your delinquent receivables. An attorney can also help you enforce a judgment if necessary.
Your attorney will help you track down your debtors and negotiate payments, no matter where they are, and they will not leave any stones unturned. Remember that even a hint of a lawsuit is enough to get the payment process going. So make sure you don’t skip your next opportunity to have a qualified, aggressive attorney represent you on your next claim. Your attorney will make a huge difference in your positive cash flow.
A skilled commercial collections law attorney will help you product outstanding results in only a few weeks. They will do everything they can to help you. They will make hundreds of phone calls, track down your debtors, file lawsuits, and collect your money aggressively and quickly. Without the knowledge and skill of a talented attorney, you might not be able to collect your debts, so don’t take any chances.