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...
Commercial Debt Collection
Could we seize real estate to collect on a business-to-business debt?
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...
Massachusetts law allows this effective move when collecting on a judgment
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...
Aggressively pursuing post-judgment collections in Massachusetts
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...
Does your debtor own a cash business?
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...
My debtor has no assets in my state, but he does in Massachusetts. Can you help?
Yes. In the United States, each state’s courts are bound to respect the judgments of other states’ courts, with limited exceptions. If you have obtained a judgment in your state only to learn the debtor no longer has any assets there, you can look to assets they have...
Collecting on an outstanding judgment means following the money
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...
How soon should we hire an aggressive debt collection attorney?
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...
My debtor put all his assets in a trust. Are they out of reach?
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...
3 steps to effective business-to-business collections for medium and large companies
Medium-sized and large companies that are having trouble collecting on delinquent debts should act quickly. Time is of the essence – and that means you have no time for collection agencies. Did you know that collection agencies can’t force business debtors to pay?...