Navigating the complexities of debt collection is an endeavor, even for larger Massachusetts businesses. At Law Offices of Alan M. Cohen & Associates LLC, our commercial litigation attorneys have more than 50 years of collective experience in commercial debt collection. Our success is directly related to our relentless, effective, yet ethical, collection strategies.
We utilize every collection tactic or tool allowed to us under state and federal laws to collect unpaid past-due business debts on behalf of our clients. One such aggressive collection tool is a keeper attachment.
What is a keeper attachment?
In Massachusetts, a keeper attachment is a prejudgment attachment in which the court appoints a “keeper” to oversee a debtor’s cash receivables. This prejudgment attachment is especially useful when a debtor is operating a cash-heavy business like a restaurant or retail store.
What does the keeper do?
When the court authorizes a keeper attachment under Massachusetts law, the court-appointed keeper will collect the cash that comes into your debtor’s business. The keeper will keep this cash until the court determines that your debt is legitimate and orders that it be paid to you.
Is it easy to get a keeper attachment?
It is possible to secure a keeper attachment on an ex parte basis and without notice to your debtor. Because a keeper attachment could seriously impact a cash-heavy debtor’s business, the court is not as likely to order a keeper attachment without providing notice to your debtor. Therefore, an innovative and knowledgeable commercial collections attorney can make all the difference in effectively executing this debt collection strategy.
The power of a keeper attachment
When executed effectively, a keeper attachment is a powerful and aggressive debt-collection tactic. Once secured, the money owed to you will be set aside in advance of your judgment. It has the added benefit of serving as an incentive for businesses to promptly pay their debts. After all, an active keeper attachment can cause quite a disruption to a debtor’s business and cash flow and might inspire them to pay their debt to you sooner than later.
Consult an experienced commercial collections attorney today
A keeper attachment is a complex legal strategy. Our seasoned and experienced commercial collections attorneys at Law Offices of Alan M. Cohen & Associates LLC know and understand the intricacies of utilizing prejudgment attachments like a keeper attachment. To schedule a consultation with an experienced commercial collections lawyer, contact our office by calling 508-763-6604 or send an inquiry through our online form.