Hurricane Irma – Harder to Collect Money in Florida

Collecting  Money Owed After Hurricane Irma

Hurricane Irma has brought the Florida economy to a halt. The strain on small businesses may make it harder for your company to collect money from customers to whom you have extended credit.   Hurricane Irma has caused many businesses to board up and close.  This will obviously have an economic impact on everyone and may make it more difficult for your customer to make payments that are  due  because of  cash flow issues.  Once the storm clears,  and things get back to “ business as usual” in Florida,  it is important for your business to stay on top of their collection accounts.

Collection Lawyers - Collection Attorneys

Collection Attorney – Debt Collection Law Firm

Our debt collection law firm is sympathetic to cash flow problems that small businesses may encounter. However, unless your company stays on top of collecting money owed to your company, your company’s account receivable may end up on the bottom of the stack of invoices your customer must pay.  Our collection attorney will make demand for payment and stress the urgency that your customer make payment arrangements to pay the debt owed to your company.  If payment arrangements are not made, our debt collection law firm will recommend that suit be started to collect the money.

Call Our Debt Collection Law Firm

Once a lawsuit is commenced to collect the money owed to your company, if your customer is serious about paying the past due invoices, a payment schedule can be set up. The payment schedule would be filed with the court. If the customer missed a payment, your company would be able to secure a judgment for the amount owed to your company.   Litigation does not always secure payment of money owed to your company.   However, once suit is filed your customer should feel the urgency to get the debt owed to your company resolved.

Speak to a Collection Attorney

Call our debt collection law firm and ask to speak to our collection attorney. Together we will devise a collection strategy that is just right for you.

Collecting Money Owed Your Company

Collecting Money Owed To Your Company With A Florida Collection Lawyer

Our Florida debt collection law firm has experience in collecting past due account receivable owed to your company. Collecting money from companies that owe your company money can be frustrating.  In today’s economy, many businesses are struggling with cash flow which results in paying their vendors on a timely basis. Debt collection hopefully is the last resort for your company and your company has a good internal credit and collection practice in place.   Our collection attorney has authored a book to assist companies set up internal credit and collection practices.  Click here to get your free copy of this informative Ebook on debt collection.

Florida Collection Attorney Gebeloff

Debt Collection Law Firm  – Debt Collection Attorneys

Our collection lawyer has explained before the difference between a commercial collection agency and using a debt collection law firm to assist your company recover bad debt. Collection agencies do have a purpose. However, a collection agency is limited in collecting past due accounts in that they have to   rely on sending demand letters for payment and/or make a series of collection phone calls. A debt collection law firm uses collection attorneys and debt collection lawyers to not only send demand letters for payment of money due and owing, but the collection lawyer is able to file a lawsuit to collect on the past due account if collection letters and debt collection phone calls to not lead to the recovery of your money.

Our Florida collection lawyers also concentrate on collecting on judgments. Once a judgment is obtained there are a variety of methods that our debt collection law firm can employ to try and discover assets.  Obtaining a judgment for money due your company is not necessarily difficult, it is collecting on the judgment and getting you company paid the money  it is owed that  sometimes takes the right skill and finesse  to liquidate the judgment  so that your company collects the money it is owed

Debt Collection From Scamming Landlord

Judgment Obtained Against Boca Raton Woman and Real Estate Agent in Rental Scam

Our debt recovery law firm was retained by a Michigan woman, who after being introduced to an alleged high end  Boca Raton  property, that was supposedly  available for rent, sent $26,000.00 as a security deposit  to the owner of the property. The real estate agent failed to disclose a material fact to our client, namely that the restrictive covenants of the HOA did not allow owners to rent the property.  After learning of this fact, a little too late, our client demanded a return of the deposit. Both the real estate agent and the property owner  acknowledged that the money was due to my client , but the money  was no longer available to be returned. No explanation was given  to our client and soon, the owner of the property and the real estate agent  stopped communicating with our client.

Debt Recovery Firm

Collection Law Firm

Securing a Judgment was Relatively Easy -How to Collect on the Judgment is the Challenge

Obtaining a judgment for our client was relatively easy.  It should be noted that we obtained a judgment against both the husband and wife, the owners of the property as well as the real estate agent.  In Florida if a creditor only has a judgment against one spouse, property held as tenants by the entirety  are exempt from execution.  Because we obtained a judgment against both spouses this exemption will not pose a problem  in our enforcement efforts. The other area that has to be addressed even though we have a judgment  against both spouses, we would not be able to execute  on the homestead property  of the owners because of Florida’s constitutional protection of homestead property .  Fortunately, we were able to find several properties owned by the owners. Since you may only have one homestead, we are now exploring the possibility of foreclosing on the one of the other properties .

Call and Speak to our Collection Law Firm for Assistance

Our firm prides itself in exploring many avenues of collection. Our debt recovery firm has seen an uptick in fraudulent activity, coupled with the weak economy. There are many people who will resort to many unscrupulous activity when they are desperate enough for money.  As for the real estate agent, his license is in jeopardy. We will also explore the agent’s personal assets to attempt to secure the liquidation of the judgment for our client. As our debt collection attorney is beginning to piece together a solid debt collection strategy for our client, it is still too early to  tell you with certainty how collection on the judgment will occur. We will keep posting about this case and its debt collection strategy in future debt recovery law firm blogs.

We Welcome Complex Debt Collection Matters

Other attorneys who are not versed in post judgment collection, often refer  their toughest cases to our debt collection attorney for review. We do not take on all cases, but we do try to give each prospective client of our debt collection law firm an  honest assessment of what steps can be taken to enforce the judgment and thereafter, from our years of experience as collection attorneys prognosis as to chances of recovery. We encourage anyone with a debt collection issue to contact our debt recovery law firm. Together we will devise a collection strategy that is just right for you.

Collection Attorney Demand Letter May Collect Money Quickly

Debt Collection -Recovery for Small Business / Collecting Account Receivable

When a small business carries account receivable on the company’s books,  cash flow can be severely impacted. Internal collection procedure should be established so that past due accounts do not get too far behind.  Many companies when they cannot collect on past due accounts start to consider using commercial collection agencies.  A commercial collection agency typical will send out a series of collection letters demanding payment of the past due account. A collection agency will also pass the debt collection account to several debt collectors to try and  collect on the past due invoices.

Collection Agencies Have Limitations

In today’s economy, the old model of sending an account a collection agency may not be as effective as it was several years ago.  Today those companies that push the hardest will get paid the fastest.  Our commercial debt collection law firm has several different approaches to collecting past due accounts.  Just like a collection agency, our collection lawyer will draft a demand letter seeking payment of the past due account receivable. A significant difference is that demand letter for payment of the account is on a collection law firm’s stationary.  A demand letter for payment coming from a collection lawyer, rather than a collection agency will have a greater impact on stressing the urgency of your customer making payment arrangements to satisfy the debt.

Florida Collection Attorney Gebeloff

Attorney Demand Letter for Payment

Our debt recovery law firm has also developed a program to offer a flat fee for sending a demand letter for payment of debt followed by a phone call from one of our attorneys  to help recover money due to your company. Using this program a  creditor does not have forfeit a high contingent fee   to a collection agency.  A demand letter from a collection attorney  has a greater impact and  has the potential to save your company significant amounts of money in collection fees.  Call our  debt recovery law firm today and ask to speak to a collection attorney to discuss an effective debt collection strategy that is just right for your company.

 

Collecting Past Due Accounts Collection Attorneys – Agencies

Debt Collection Law Firm

Thanksgiving means a lot of different things to different people. However, for a small business it may be time to start looking at different areas of the business that may need adjustments to better help with the overall cash flow of the business.  Collecting on past due account receivables and/or setting up credit and collection   procedures for your company may be one of those areas that with paying closer attention to collecting past due accounts, might make a difference.

Debt Collection Agency to Collect Past Due Accounts

Collection Law Firm to Collect Past Due Accounts

Commercial Collection Agency

Our debt collection law firm offers small businesses a variety of options to consider.  Commercial collection agencies are one way, but our collection attorney has discussed in past blogs the difference between a collection agency to collect past due accounts and a collection lawyer in a debt recovery law firm to collect your company’s past due account receivable.

Our Collection Attorneys Can Help Collect Past Due Account Receivable

Our firm has recently added a flat fee commercial demand letter for payment of debt.  Our clients were asking us for examples or templates of collection letters but, most found that a debt collection letter coming from a collection attorney was more effective than the company simply sending a letter demanding payment.  A company should send a demand letter for payment first, but after time passes it will become apparent when a company is simply stalling or cannot pay on the past due account.  If your company is interested in exploring our debt collection law firm’s flat fee letter to collect on past due accounts, feel free to visit our website.

 

Of course, or debt collection firm offers the same traditional collection agency services – letters and phone calls, but unlike a commercial collection agency, our commercial collection lawyers  will be able to  bring  suit to attempt collection of your company’s past due account receivable when warranted.

 

Debt Collection Attorney Letter For Recovery of Past Due Accounts

Letter Demanding Money Due

Even though companies are getting smarter about extending credit for goods sold and/or services rendered, there are still instances when unexpectedly your company is owed money on past due accounts.   Internal debt collection procedures should be in place for your company from the outset, again past due accounts   are part of the risk of doing business.  If you do not extend some credit, sometimes demanding upfront payment on account may lead potential customers to other service providers and/or companies to get product. We have put out a free guide to help your company set up debt collection procedures.

GET YOU FREE E-BOOK HERE

Collecting your money-Debt collection methods

Guide to Internal Debt Collection Procedures

Past blog posts have addressed the major differences between commercial collection agencies, collection law firms and debt collection attorneys. A collection agency does serve a purpose in some instances when your company may have a high volume of collection accounts with small balances where repeated debt collection calls may be all that is needed to collect your company’s money. However, collection agencies are not licensed to practice law. A commercial debt collection law firm gives creditors a stronger approach to attempting to recover the company’s past due account receivable.

Collection Agency of Collection Attorney Letter Demanding Payment

Our debt collection law firm has set up a new attorney demand letter service. For a flat fee our collection lawyer will draft a letter demanding payment of your company’s past due account. Putting the power of an attorney behind your demand for payment will let your customer know your company is serious about pursuing collection of the account.  If the demand letter fro payment does not result in your company receiving payment, our collection law firm can tailor a more traditional debt collection strategy which may include litigation to attempt to recover your money.

Call Our Debt Collection Law Firm

When you call our debt collection law firm one of our collection attorneys will speak to you about your company’s collection policies and procedures. Together we will work on a debt collection strategy that is right of your company, whether simply a letter demanding payment or starting a lawsuit to collect on the past due account receivable.

 

Collection agencies collection agency debt collection

 Collection Agencies Have Limitations

For most small businesses, having to engage in collecting past due accounts becomes frustrating. For small business owners cash flow is crucial to keeping the lights on and the business up and running.   Having to take the time and resources to attempt to collect past due accounts internally takes away from the time the business should be focusing on their core business.  There are commercial collection agencies to consider. But, perhaps a better alternative is utilizing debt collection law firms who focus their practice on representing business that are owed money. We have talked in past blogs about the limitations of using a collection agency to collect your company’s money.

Collection Agencies Are Not Licensed to Practice Debt Collection Law

A collection agency cannot hold themselves out as a  debt collection law firm nor can they legally practice debt collection law.  Collection agencies send a series of collection letters and then attempt to collect past due accounts by making debt collection telephone calls demanding payment.  Collection agencies also typically will charge a contingent collection fee between 25% to 40%.   If a lawsuit is required to sue a debtor for your money, the agencies typically will raise the contingent fee even higher.

Debt recovery law firm

Debt Recovery Law Firm

Alternative to Collection Agencies

Our commercial debt collection law firm has   designed a new program to offer credit managers and small business owners an alternative to paying a collection agency high contingent collection fees.  We have established www.AttorneyDemandLetters.com .  With this unique debt collection service, a flat fee is offered. We will send out an attorney demand letter for payment of your money and also offer an option for attorney demand telephone calls.  The concept is to “Put the Power of an Attorney Behind Your Demand for Payment.”    It is clear that when your customer sees demand for payment coming from a debt collection law firm rather than a collection agency, your customer will now that their time to contact your company to make payment arrangements is running short.

 

Please visit our website for further information on how you can use the power of a debt collection attorney to help you recover your money. We will show you why it may no longer be necessary to consider using commercial collection agencies to collect past due accounts.

Collection Agency Agencies Demand Letter

 Collection Agency Litigation Departments Forward Claims from their Collection Agencies

A collection agency is not licensed to practice debt collection law. Collection agencies set up departments in their collection agency to forward accounts for collection of past due account receivables to commercial collection attorneys.  Our debt collection firm has established a division that gives credit managers the opportunity to forego using a collection agency and send their accounts for collection directly to our commercial debt collection law firm.

Debt Collection Agency

Debt Collection Law Firm

AttorneyDemandLetters.com  May Save You Money  When You Use An Attorney Debt  Collection Service Instead of a Commercial Collection Agency

AttorneyDemandLetters.com was established to offer credit managers a low cost solution to paying high collection agency contingent fees. Just like collection agencies our collection lawyers will draft a demand letter for payment.  In addition, we offer an attorney telephone demand service to let your customers know that your company is serious about collection past due accounts that are due.  Collection agencies typicaly charge between thirty – forty percentage contingency fees.  With our flat fee service, you may save thousands of dollars using this debt collection service instead of utilizing a collection agency.

Collection Agencies  May  Not Be As Effective

Once your customer sees that you have retained a law firm to assist your company collect past due debt, the debtor will know that if arrangements are not made with your company for payment, litigation may be imminent.  Today, most debtors recognize that a collection agency cannot bring suit.  Collection agencies rely on commercial collection attorneys to bring suit on behalf of their collection agency clients.  The collection agency in effect is acting as a middleman. As a result, you end up paying a higher contingent fee.    By cutting out the collection agency you are eliminating the middle man and will save on contingency fees.

Collection Agency Collection Agencies Software

Collection Agency Collection Attorney Software

Whether you are a collection agency or a collection attorney in order to properly manage your work flow in a debt collection setting it is important to have debt collection software. Collection agencies and commercial collection law firms typically have a high volume of debt collection files. To manage these files without the assistance of a debt collection software program would almost be unheard of in the debt collection industry.

Our commercial collection law firm uses a web based software called Casetracker.   Casetracker software allows our debt collection professionals track thousands of commercial debt collection cases. Because it is web based it allows not only our commercial debt recovery staff but also our commercial debt collection clients to log in   from anywhere there is a web browser, including smart phones, to gain access to their files.

Collection Agencies and Collection Attorneys Use Debt Collection Software

Casetracker has different modules in place   to help manage the work flow. Our debt collectors have a different module from our customer service representatives. Each collection file maintains a separate accounting section so that when funds are collected from debtors, clients are easily able to track the amount collected, the contingent collection fee that our collection lawyers will retain and then the net proceeds of the collection that will be remitted back to the client.

Debt Recovery Firm

Collection Law Firm

Our commercial debt collection law firm was first introduced to Casetracker by a Florida commercial collection agency that had been using the software for several years.  Collection agencies have some different needs when it comes to debt collection software but, the similarities between what a commercial collection law firm and a commercial collection agency do are not that different. Casetracker was able to customize our debt collection software to our needs as we did not need some of the features that a commercial collection agency would utilize.

 

We are a commercial collection law firm based in Boca Raton, Florida. We would be happy to share our experience using Casetracker over the years in our office.  We welcome commercial debt collection claims directly from creditors and from collection agencies from all over the United States.

Collection Agency Agencies Demand Letters

Collection Agencies Use Demand Letters

Collection agencies have been referring their collection agency accounts to our commercial collection law firm early in their debt collection process. In previous blog posts we have discussed the difference between a collection agency and a collection lawyer. There has been a lot in the news about collection agencies, With the economy slowly recovering businesses are starting to extend credit again. The result is that there are more collection accounts that may need to the assistance of a third party debt collector. The client needs to decide whether to send the account to a commercial collection agency or a collection attorney.

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Collecting your money-Debt collection methods

Guide to Internal Debt Collection Procedures

When the client has many small balance accounts that are past due, sending those collection accounts to a collection agency may make sense.  A commercial collection agency is not a collection attorney and not license to practice debt collection law. Collection agencies have systems in place for handling huge volumes of claims and can send multiple demand letters for payment and make many debt collection phone calls. However, once a matter is not able to be collected a collection agency must send the account to a collection law firm to pursue further debt collection activities.

 

 

Collection Agency Alternative

Our law firm has launched a new service wherein; a creditor can put the power of an attorney demand letter behind their demand for payment.  Most people who owe money would take the threat of legal action from a lawyer letter demanding payment over simply receiving a collection letter from a commercial collection agency.  Our attorney demand letter for payment service also offers an avenue where collection calls are made from our collection attorneys and trained collection staff.

Collection Agencies Use Our Debt Collection Service

We encourage you to visit our web site to learn more about our attorney demand letter service for debt collection. You may find this service a better and less expensive alternative to placing your collection accounts with a collection agency.