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"Relentless Collection Attorneys"

Alan Cohen

How an Experienced Commercial Collections Attorney Can Help You

In a credit business, the department of accounts receivables is normally a busy place, processing sales inquiries, credit applications and making collection calls. If the list of customers on the Aged Trial Balance is longer than it should be, you could spend months, and possibly years, making collections. This is the same challenge that’s faced by many credit professionals. If the debtor were to call you, maybe you’d find the time to talk, but, the reality is, smaller balances don’t receive the same amount of attention as large ones. But, that’s no excuse to not collect.

A Cost-Effective Solution

Whether your accounts receivables are small or large, having an experienced collections attorney who focused on commercial collections can help you get back the money you are owed. An experienced collections attorney is qualified to handle just about any case that’s got to do with commercial collections in the Commonwealth of Massachusetts. Having a commercial collections attorney by your side can help ensure that the debtor pay up.

Professional Debt Collection

So, you’ve wised up and got yourself an experienced commercial collections attorney for your outstanding collections. That’s the right move. Once you’ve hired a commercial collections attorney who focuses on collections, the attorney will begin the process by first getting to understand why and how the debt originated. What happened that caused the debt to arise, and the general relationship between you and the debtor. Once commercial collections attorney in Massachusetts Law Offices of Alan M. Cohen LLC gets a good idea on the circumstances of the debt, they will begin the process of working to get your money back. Unlike others, the Law offices of Alan M. Cohen LLC does not start every collection with a demand letter. We believe that in the vast majority of cases, all a demand letter does is give the debtor a heads up to hide its assets. We prefer taking immediate action. That is why our mantra is: NO LETTERS. NO CALLS. JUST ACTION!!

Besides, if the debtor has ignored your letters warning of impending action, it is unlikely that our stationary will produce a different result. Why waste the time? That is why Alan M. Cohen,  commercial collections attorney in Massachusetts, immediately proceeds to prepare a and file  suit against the debtor. One of the many benefits of hiring a commercial collections attorney in Massachusetts rather than going with some third-party service is that the collections attorney has experience in matters of debt collection and has the tools needed to use the law to your advantage to get your payment.

The truth is, when it comes to commercial debt collection, a commercial collections attorney in Massachusetts can have much more of an impact on the situation than a collections agency, which has no legal right to file suit on your behalf. One of the ways in which a commercial collections attorney in Massachusetts can be effective is that they can persuade  the court to authorize to attachment of the debtor’s bank account within  Massachusetts. In other cases, a commercial debt collections attorney can find out if the debtor owns any real estate, and then request the judge to issue a real estate attachment against your debtor. The process is usually complex and requires an experienced attorney whose practice focuses on collections law and who can get the job done quickly. Apart from that, hiring a commercial collections attorney in Massachusetts means you will get your payments collected in a professional manner, within the confines of the law, so that you are able to uphold your reputation as a business owner and still get paid for your outstanding accounts.

Attorney vs. Collection Agency

When it comes to commercial debt collection there are many benefits that a commercial collections attorney in Massachusetts can offer that a collections agency simply cannot. To start with, collections agencies have extremely limited capabilities when it comes to commercial debt collection, because they aren’t authorized by the law to take any legal action against the debtor, unlike the collections attorney.

Hiring a non-attorney collections agency means that you are restricting your ability to collect  to just phone calls, emails, and the goodness of the debtor, which is more often than not, not a good idea. Obviously, collections agencies don’t share this information with their customers, because then it would be obvious where their clients would go – that’s right – – to a commercial collections attorney in Massachusetts. When it comes to make the decision between whether you should hire a collections agency or a commercial collections attorney in Massachusetts, just ask yourself this, if phone calls and emails really worked, you could have collected the debt yourself.

When the debtor blatantly ignores your calls and emails, they are likely to ignore the calls and emails of the collections agency as well. And that’s not all, if you hire a collections agency, the debtor is within their legal rights, if a consumer and not a business, thanks to the Fair Debt Collection Practices Act, to stop all communications between them and the collections agency you hire. And all they have to do to enforce the cease in communications is to write to the collections agency that they won’t pay the debt. That’s it. At this point, the collections agency you hire comes to a dead end. Good luck, if you’ve hired a collections agency. On the other hand, hiring a commercial collections attorney in Massachusetts that focuses in debt collections can legally pursue the debtor until they pay you.

Get a Commercial Collections Attorney in Massachusetts

The reality, a debtor has nothing to fear from a collections agency, whether it’s a consumer debtor or a commercial debtor. However, a commercial collections attorney in Massachusetts is another beast altogether. Dealing with a professional collections attorney who is focused on commercial debt collection is way more stressful and a lot more serious for a commercial or consumer debtor, which is why hiring a collections attorney increases the likelihood that you will get paid by the debtor. One of the ways in which a collections attorney does that is by not having to wait around to get the debtor to respond to the phone calls or mails. Attorneys that are focused on collections do not have time for that and get straight to the business of dragging the debtor to court to obtain the judgment and ultimately getting paid. A commercial collections attorney in Massachusetts can go on the offense from the get-go and file lawsuit against the debtor to get their attention. Due to the gravity of the situation of getting served with a lawsuit, debtors are encouraged to make payments instantaneously or else face the decision of the judge. For most previously disinterested debtors, being served with a lawsuit usually gets the job done. However, if you find that the debtor isn’t making an effort to pay even after the lawsuit has been filed, then a commercial collections attorney in Massachusetts has plenty of other tools in their arsenal to make sure that the debtor makes the payment.

Some of the tools at the collections attorney’s disposal are various pre-judgement remedies, which includes, either attaching any real estate of the debtor or freezing their bank accounts until they make the payment. Going this routes after a lawsuit has been filed serves a dual function by not only obtaining a pre-judgement security for the collection of the judgement, but also sends a warning shot to the debtor, that you are ready to pursue them aggressively to get the payment. Only a professional commercial collections attorney in Massachusetts has the legal authority to do that. Besides, the prospect of having a lien put on the debtor’s real estate or freezing their bank accounts may be enough to send the debtor into a cold sweat, and that’s a good thing. After a judgment is obtained from the court, the collections attorney will also have many post-judgement collection techniques at their disposal to ensure that the debtor is not able to avoid having to pay a debt. The techniques that the commercial collections attorney in Massachusetts can set into motion post-judgement can be seizing the debtor’s non-exempt assets as well or garnishing their wages.  There is no collection agency in the entire country that has the legal authority to do that.

Other Benefits of Hiring a Commercial Collections Attorney in Massachusetts

Having a commercial debt collection attorney by your side every step of the way offers many other benefits that are sometimes overlooked by credit businesses that are desperate to get their payments. One of the advantages of hiring a commercial debt collections attorney is that they can answer any questions you might have on the subject of commercial debt collection. Since, the area of commercial debt collection is incredibly complex, you are sure to have quite a few questions that are bothering you. Having a collections attorney who focuses on debt collections means you can get all of your questions answered by someone who has experience in dealing with cases of commercial debt collection and know exactly what action to take and the right time to take action. Apart from that, a commercial collections attorney in Massachusetts can also review all the documents to make sure everything is in order before filing them in the court. When it comes to commercial debt collection, you need is someone who knows the ropes in legal proceedings to work hard to make sure you get paid. A collections attorney who is focused on commercial debt collection can assist credit businesses and develop a plan of action to ensure that you get payment for delinquent accounts receivables.

Hiring a Commercial Collections Attorney in Massachusetts is Not Expensive

To sum it up, an experienced commercial collections attorney in Massachusetts is just more effective as compared to a collections agency. While referring your delinquent accounts receivables to collections is a gamble, hiring an experienced commercial debt collection attorney is your best choice. Contrary to popular belief, just because attorneys are known for their slick suits does not mean hiring a collections attorney for your delinquent accounts receivables is going to cost you an arm and a leg. In fact, a collections attorney can draw out a credit agreement that basically adds the attorney’s fees to the judgement itself, so the debtor ends up paying collections attorney’s fees, making the choice of hiring a commercial debt collection attorney a no-brainer for credit businesses.  Whether you are able to collect the full amount of the attorney’s fees depends on whether your fee agreement is hourly or contingent and on the discretion of the judge.

Ending Note

Trying to recover commercial debt, and especially those debts that are more than 90 days old can be extremely difficult, but if you’ve got am experienced  collection lawyer by your side, who’s focused on commercial collections, they will have the experience needed to make collections for both new and aged collection accounts in Massachusetts. Also, every credit professional needs the advice of an experienced collections lawyer from time to time. Hiring an experienced commercial collections lawyer with over three decades of experience can evaluate your collections accounts and come up with a game plan that will better your chances that you will get your payments on outstanding accounts. To find out more about the different ways in which we help our clients with their debt collections in Massachusetts,  contact the Law Offices of Alan M. Cohen LLC, today at www.collections-law.com, or contact us at 508-620 6900. You can also email us at alanmcohen@collections-law.com.

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