Debt Collection Blog

"Relentless Collection Attorneys"

Alan Cohen

How the Law Offices of Alan M. Cohen LLC Can Help With Debt Recovery of Your B2B Debt Collections

For companies dealing with other business entities, debt recovery for services rendered can prove a difficult task. When your business model relies on other companies paying you for a product or service, and one of your clients becomes delinquent on payments or outright refuses to pay what you are owed, it can jeopardize your entire company. When faced with this dilemma, don’t further waste your time and efforts chasing your debtor, spend your time making money and leave your bad debt recovery to the experienced and aggressive collections attorneys at the Law Offices of Alan M. Cohen LLC. 

Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. However, that path can lead you to make compromises elsewhere to make up for the lost debt. With over 45 years of collective experience, our team uses all of the debt collection tools they have at their disposal to try to collect the most money possible from your debtors. The relentless collection lawyers at the Law Offices of Alan M. Cohen LLC utilize aggressive, effective, and ethical practices to get the most out of your debtors. The following are but some of the post-judgment debt recovery methods that we employ to collect on the bad debt owed to you. 

Post-Judgment Actions 

After going through the litigation process and successfully pleading your case, your debtor may continue to drag their feet and avoid payments, despite a legal obligation. These types of situations are where post-judgment collection comes into play. The Law Offices of Alan M. Cohen LLC has used collection methods such as reach and apply injunction, wage garnishments (in the case of individual judgment debtors), and post-judgment discovery to help you collect your delinquent accounts receivables when your debtor won’t repay you willingly.

Sheriff Sales

Post judgment collection through sheriff sales can occur when the judgment debtor has personal property such as nom-exempt vehicles and/or real estate. The sheriff can seize those assets and conduct a sheriff’s sale via an auction to the highest bidder. All net proceeds from these sales are then used to repay your debts. 

Receivership

Post judgment collection through receiverships are another option that the experienced debt recovery attorneys at the Law Offices of Alan M. Cohen LLC  can use to collect bad debt that is owed to you. This particular tool allows the courts to put someone else in control of the judgment debtor’s business with access to their mail, books and records and assets. There are two types of receiverships, operating and liquidating.  Unfortunately, when a receiver is appointed by the court, the receiver acts on behalf of all creditors and not just you. Still, when conventional methods of debt collection do not work, a complaint for receivership can be a wakeup call to your debtors incentivizing payment as a preferable option to liquidation. 

Ex Parte Attachments

As in the case of pre-judgment collection, post judgment collection also involves seeking ex parte attachments to aid in debt recovery. Once you have gone through proceedings and the court has passed down its judgment, you may think that it is time to celebrate and allocate the awarded funds as you see fit. However, in many cases, that initial judgment is the first step in an extended legal process of obtaining the monies owed to you. Attachments can be used to seize collateral such as real estate or bank accounts to create a path for debt recovery on the   judgment. Ex parte attachments  are issued by the court without giving prior notice to the judgment debtor.  

Supplementary Process

The aggressive and relentless debt recovery attorneys at the Law Offices of Alan M. Cohen LLC also use supplementary process proceedings to learn more about where the judgment debtor has its assets and then seek a court order to require the debtor to make payment. It is yet another aggressive yet effective tool that the Law Offices of Alan M. Cohen LLC use for post-judgment debt recovery for many businesses dealing with delinquent debtors.

The collections attorneys at the Law Offices of Alan M. Cohen LLC, employ these and other relentless and effective methods to assist in debt recovery in both prejudgment and post-judgment collections. They fight for you to collect as much money as possible on your delinquent debts. They do not stop until you get paid or until no one else can get you paid. For debt recovery and post-judgment collection, call the Law Offices of Alan M. Cohen LLC at (508) 620-6900 or email us at info@collections-law.com. We are here to help you get paid.

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