All posts by Alan M. Cohen

PERSISTANCE + RELENTLESS PURSUIT TO COLLECT BAD DEBT = PAYDAY

PERSISTANCE + RELENTLESS PURSUIT TO COLLECT BAD DEBT = PAYDAY A plumbing supplier’s customer hit hard times in 2008. When the customer went silent, the supplier called me. I immediately filed suit and sought and obtained ex parte attachments. Unfortunately, the attachments seized no assets. When the defendant failed to file an answer, I then … Continue reading PERSISTANCE + RELENTLESS PURSUIT TO COLLECT BAD DEBT = PAYDAY

A Mechanics Lien Can Make the Difference Between Getting Paid Or Getting Stiffed

TIRED OF BEING STIFFED?? MECHANIC’S LIENS WORK FOR MY CLIENTS!! A lumber supplier, with a significant delinquent receivable, consulted me. The supplier did not want to file suit for fear of losing its customer, but wanted to gain security. I suggested filing a Mechanics Lien. The next day, I prepared the Notice of Contract and … Continue reading A Mechanics Lien Can Make the Difference Between Getting Paid Or Getting Stiffed

Aggressive Debt Collection In Action

SUPERIOR COURT – – – – In 2010, a private lender obtained a judgment against its debtors in a New York court. The debtors owned assets in New York and Massachusetts. The debtors had promised to make payment and then defaulted leaving a principal judgment amount of approximately $75,000.00. After its attorneys had struggled to … Continue reading Aggressive Debt Collection In Action

Patience Can Result in Bad Debt Recovery

Massachusetts District Court – – – A supplier hired me to collect an outstanding debt. Like usual, I immediately filed suit, obtained an attachment and won judgment. Despite obtaining a judgment against the corporation and the individual guarantors, the corporation was defunct and the individual guarantors did not have the ability to make monthly payments. … Continue reading Patience Can Result in Bad Debt Recovery

A Real Estate Attachment Helps Collect Bad Debt

Superior Court… A supplier’s customer over time ostensibly became a close friend. However instead of treating his supplier as a close friend, the customer chose to pay all of its other debtors first! After repeated unfulfilled promises, the supplier called me. I immediately filed suit seeking to attach the debtor’s bank account and real estate. … Continue reading A Real Estate Attachment Helps Collect Bad Debt

We Prepare Commercial Security Agreements

Commercial Security Agreements – – – In addition to collecting bad debts for our clients, we also prepare contracts and Commercial Security Agreements. These contracts ranging from joint pay agreements, collateral assignments, security agreements, mortgages, and pledges help protect my clients from their customer’s possible payment default. A building material supplier contacted us to secure payment of … Continue reading We Prepare Commercial Security Agreements

We Collect Old Commercial Debts

Middlesex Superior Court… A  supplier’s former customer didn’t pay its bill of approximately $47,000.00 for almost four years. The supplier held the mistaken belief that only written off bad debt could be sent to collections. Fortunately, the supplier wrote off the debt before the expiration of the UCC four-year statute of limitations.  Not wanting to allow … Continue reading We Collect Old Commercial Debts

How to Enforce a Foreign Judgment in Massachusetts

How to Enforce a Foreign Judgment in Massachusetts Enforcing a non-federal foreign judgment in Massachusetts is harder than in other states. Unfortunately, Massachusetts has not enacted the Uniform Foreign Judgment Act. What this means for you is that: 1.     You must file a brand new law suit in Massachusetts. 2.     In essence, the debtor can … Continue reading How to Enforce a Foreign Judgment in Massachusetts

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Mechanic Lien + Attachment = Payment

Mechanic Liens and Attachment Motions Lead to Immediate Payment A plumbing supplier’s contractor customer slowly turned off the payment tap. Facing a defiant debtor, the supplier called me. My review of the file revealed that my client had sufficient written documents, including email correspondence, when viewed together formed a written contract. This was essential to allow me to … Continue reading Mechanic Lien + Attachment = Payment