Collect Commercial Debt with Personal Property Attachments
A food supplier gets stung by its customer with a $23,000.00 bill. Despite the supplier’s efforts, its debtor went ostrich. Fed up with the lack of responsiveness, the supplier called on the experienced collections attorneys at the Law Offices of Alan M. Cohen LLC to collect the commercial debt.
Attorney Alan M. Cohen immediately filed suit and obtained an ex parte attachment of the debtor’s bank account and personal property by bulk attachment. A personal property attachment by bulk attachment allows the deputy sheriff to enter into a business, take an inventory of everything there, post a notice (often bright orange) on the front door that the inventory and equipment has been seized and record his/her return with the Secretary of State’s Office.
Although the bank account was empty, the personal property attachment pulled the debtor’s head out of the sand. As a result of our tactics, within ten days my client received the full amount of the outstanding principal balance plus interest.
Can you say KA-CHING!! Our clients do.
While this doesn’t always happen, we take all necessary steps to attempt to negotiate a settlement most favorable to my client. Put our nearly 50 years of commercial debt litigation experience to work for you. Call us at 508-763-6604 or email us today.