In the world of business and commercial transactions, you will inevitably cross paths with a customer who does not make good on their promise to pay. No matter how much you’ve planned and prepared for this with your company’s credit application or business agreements, sometimes you might have to take things to the next level to collect money that belongs to you. When this happens, skip the collection agencies and choose a collections attorney to help you.
Attorneys do more than collection agencies
Collection agencies will work on behalf of a creditor to collect debts owed to the creditor. They will typically charge a fee for their services or even take a percentage of the money collected. They will also usually start with all of the same tactics that you have probably already tried:
- Making phone calls
- Sending late payment notices
- Attempt to persuade the debtor to pay their bills
While collection agencies are persistent, their efforts often approach a level of harassment. Sometimes, their collection efforts even border on illegal or unethical behavior in violation of the Fair Debt Collections Practices Act. A commercial collections attorney is held to higher standards. In addition, a collections attorney will utilize more sophisticated and aggressive techniques and tactics, designed to harness the full force of collections law.
A commercial collections attorney will pursue legal remedies
First and foremost, any demand letter or other communications sent by an attorney will be done on legal letterhead, which can carry a lot of weight by letting your debtor know that an attorney is involved. A commercial debt collections attorney will also:
- Pursue a mechanic’s lien
- File a lawsuit to collect your debt
- Seek prejudgment attachments
- Pursue post-judgment collection efforts
It is one thing to win a collections lawsuit. It is another matter altogether to actually collect the money you are owed. Fortunately, our commercial collections attorneys will be fully prepared to take the necessary post-judgment steps to collect on your business’s debts.
Hire an experienced and aggressive collections attorney
Law Offices of Alan M. Cohen & Associates LLC was founded in Boston in 1994. Our collections attorneys have over 50 years of combined experience helping businesses collect debts in Massachusetts. We practice ethical debt collection, using innovative and customized strategies designed to maximize debt collection efforts tailored for your specific scenario. Don’t take any chances. Call our office at 508-763-6604 or send us an email inquiry through our website to schedule an appointment today.