Did you know that winning a suit against a debtor is usually just the first step in getting your money paid back and that many businesses often don’t see a cent from a court judgment? A judgment is, when all is said and done, only a piece of paper indicating who has to do … Continue reading Judgment Collection
It is a common problem for out-of-state businesses — you’ve done business in Massachusetts, and now you’re facing down a non-payment problem. The internet and ease of travel have made it so that lots of businesses are operating all around the world. However, that doesn’t mean everyone pays for their goods and services as they … Continue reading Foreign Judgments
According to the Constitution, states have to honor the judgments of other states. It is more complex in Massachusetts, however, than in other jurisdictions. Instead of being an automatic process, creditors have to domesticate the judgment for enforcement. The key to success in this process is hiring a debt collection attorney with experience in this … Continue reading The Process Of Domesticating Judgments
What are out of state judgments and how can the Law Offices of Alan M. Cohen LLC help you in this area of the law? Out of state judgments are an important part of collections law. If you live outside of Massachusetts and are trying to collect on a debtor who is in this state, … Continue reading Out of State Judgments
The Commonwealth of Massachusetts has made mechanic’s liens available as a form of remedy for creditors involved with construction projects. To be successful in getting creditors the money they are owed, however, these liens have to be filed properly and enforced properly. What is a Mechanic’s Lien? These liens are used as security for payment … Continue reading Enforcement of Liens
A lumber company supplies building materials to a sub-contractor at a general contractor’s request. Somewhere north of $200,000.00, the sub-contractor becomes a deadbeat. The lumber company emails the general contractor about the debt. Eventually, the general contractor sends an email stating that it would pay the debt and then fails to pay. Refusing to take … Continue reading Electronic Signature Statute Helps Debt Settlement
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Sometimes, creditors are subject to a bankruptcy preference actions A preference can occur when a debtor pays one of its creditors within 90 days of the debtor’s filing for business bankruptcy. Bankruptcy trustees can then attempt to claim that the debtor’s payment was preferential, and/or fraudulent. The end result is that a creditor can be … Continue reading What are Preference Actions?
A lumber yard sold materials to its customer without a credit application or personal guaranty. The recession hit and in 2012, the lumber yard turns the case over to our office. We immediately started looking to the debtor’s assets. We located a suit between for debtor’s principal which unlocked a treasure chest of information. We … Continue reading Relentless & Successful Recovery of Debt
A lumber supplier sells building materials to one of its customers at two projects. The customer fails to make payment. The lumber supplier calls us. Identifying documents which together form an enforceable a written contract, we immediately prepare a Mechanic’s Lien consisting of a Notice of Contract and Statement of Accounts. After recording the Mechanic’s … Continue reading Mechanic’s Lien Protects Lumber Supplier