In an economy where cash flow is a critical lifeline for any business, companies can find themselves at a crossroads if their customers or clients fail to satisfy their debts and follow through on their payment obligations.
At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections attorneys have over five decades of commercial collections experience. Our firm’s attorneys relentlessly and aggressively pursue the collection of debts on behalf of our clients while maintaining the utmost ethical standards to do so.
Tips and strategies for ethically pursuing collection efforts
Companies can employ several strategies to manage their collections process while staying within ethical and legal guidelines, including:
- Establishing and communicating clear credit terms can prevent misunderstandings that lead to unpaid debts.
- Keeping detailed records of all transactions and communications with clients can provide support if collection efforts are challenged.
- Training staff to effectively and respectfully communicate with clients and customers can help maintain positive relationships, even during collection efforts.
Partnering with a law firm that has a reputation for ethical debt collection can help to ensure that collection efforts are both effective and compliant with the law.
What is ethical debt collection?
A company has a right to pursue a debt that is owed to them. State and federal consumer and commercial laws afford methods for creditors to collect the debts that are owed to them. Our lawyers are well-versed in the Fair Debt Collection Practices Act (FDCPA). Our lawyers also understand the intricacies and nuances afforded by the state of Massachusetts that protect a creditor’s right to collect on debts owed to them. Our collections attorneys help our commercial clients file pre-judgment attachments, file a mechanic’s lien whenever applicable and collect on court judgments.
Schedule a consultation today
Our commercial collections attorneys are available for consultation appointments. Whether your business is implementing its own collections procedures or seeking legal support in collecting outstanding debts, our lawyers have the experience to help you with your legal goals.