Collections

While the facts of a debt collection case may seem straightforward– another business or individual made a legal commitment to pay you, which they aren’t honoring– the legal and regulatory issues around pursuing a collection claim are complicated and in permanent flux as new judicial decisions impact case law. What’s more, every state has its own regulations and procedures around debt collection. What is legal in New Jersey may not be permitted in California. Handling your B2B debt claim incorrectly could result in your accruing penalties or even jeopardizing your right to pursue payment on the debt.

That’s why you should seek legal assistance when another business defaults on a debt owed to you. At Collections Attorneys, we handle collection cases nationwide. Our attorneys keep abreast of the latest developments in case law precedents and state and local legislation that impact how best to pursue your claim. And it’s best to contact us sooner rather than later when you’re pursuing a debt, because even an early misstep in procedure could compromise your position.

In many cases, we can compel your debtor to pay without taking your case to court. The possibility of a lawsuit can incentivize the other party to pay, due to the costs they will accrue in defense and the negative reputational impact of a legal debt collection claim against them being entered into the public record. Liens against the debtors’ property and/or bank accounts can also give you the leverage you need. Alternative arenas such as mediation or arbitration are also sometimes worth considering, depending on the facts of the case such as the amount of the debt and the circumstances surrounding the initial agreement. 

All that said, if it does become necessary to take your case to court, Collections Attorneys has the experience and knowledge to win a decision in your favor. Our attorneys have been victorious in a wide range of collection lawsuits all over the country. If you are faced with a debtor who is defaulting on payment, please reach out to us to discuss your options. Whatever the situation, one of our attorneys can help. The earlier we get involved, the better, to prevent potentially costly missteps and maximize the likelihood of a successful outcome.