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,...
Your company’s sales numbers only matter if you are getting paid for all of your sales. The credit application outlines payment terms for the sale of goods and services. But, just as important, it also establishes your protocols in the event of unforeseen...
In many cases, yes. If you speak for a large business or corporation that needs to collect on a commercial debt, you should know about this essential tool. In Massachusetts, a real estate attachment allows us to freeze the property before we even get a court judgment...
If you own a large construction company, you are familiar with mechanic’s liens. These are an effective method of obtaining payment from delinquent clients. They are a powerful tool given by statute to certain actors in the construction industry, and they’re the only...
In our experience in business-to-business collections, debtors frequently withhold payment even when creditors have obtained legal judgments against them. What can be done? In Massachusetts, getting a legal judgment may be only the first step in a collections case. An...
Large businesses and corporations that encounter nonpayment of business debt may assume that getting a court judgment against the non-paying company is all that is necessary. Unfortunately, that is not always the case. There are companies who will still withhold...
We seek to freeze a debtor’s assets prior to obtaining a judgment so that there is an identifiable resource from which to get you paid.. Once you get that judgment, we seek leave of the court to direct the person or entity which is holding the debtor's seized assets...
You went to the trouble of getting a judgment against your delinquent debtor and now what? They still won’t pay. It’s enough to make you grind your teeth in frustration. Luckily, Massachusetts law offers a way to follow the money after a judgment goes unpaid. It’s...
The answer could be different in an individual situation, but in commercial situations generally? The earlier the better. As soon as your ordinary, reasonable debt collection efforts have failed. Ballpark, a substantial receivable that is over 60 days late requires...
Sometimes, customers go bad. They not only refuse to pay their debts, but they may also take steps to hide their money. This is often done in an effort to put their money out of reach from rightful creditors like you. They can try to hide the bacon, but we can usually...