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
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
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
Asset Sales Agreements – – – A client contacted me to assist in the sale of its business. Naturally several draft asset sales agreement circulated between the parties. In the so-called “last draft”, the prospective buyer inserted a potentially devastating provision into the agreement. My attention to detail caught the buyer’s sly move thereby saving … Continue reading Asset Sales Agreements
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 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
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
Experienced Collection Attorney v. Collection Agency — You Decide An out of state supplier is owed monies from a Massachusetts corporation (“debtor”). Despite numerous emails from the debtor promising payment, nothing happened. After reviewing our website, the supplier contacted us. After the initial discussion, the supplier had to decide between hiring a collection agency charging … Continue reading Experienced Massachusetts Collection Attorney
Determining when to turn over an account to a collections attorney is a dilemma every credit manager encounters. On the one hand, all businesses live and die on sales. On the other, selling products and services without getting paid is a recipe for disaster. With over thirty years of commercial debt collection experience, our general … Continue reading When Should You Turn Over An Account to a Collections Attorney?
How Do You Know If Your Attorney Really Focuses On Massachusetts Debt Collection Law? These days, anyone can say that they focus on a particular area of law. So how can you tell if your attorney really focuses on Massachusetts collections law? First, you should look behind the generic name of the website to see … Continue reading Does Your Attorney Focus On Debt Collection?