Florida Collection Attorney to Assist Collect Past Due Accounts
Our Florida collection attorney has been getting many calls from companies that are actively trying to recover bad debt. Our collection lawyer hears time and time again that many of these companies seeking our Florida debt collection law firm’s assistance is that there were not proper internal credit and collection procedures in place at the company. To minimize the chance that an account has to be placed with either a collection agency or commercial debt collection law firm, our Florida collection attorney has authored an e-book on how to help a company set up better internal credit and collection procedures.
Guide to Internal Debt Collection Procedures
Florida Collection Lawyer Explains Difference Between a Collection Agency and Debt Collection Law Firm
Despite setting up credit and collection procedures, there will be times when your company will have to refer a past due account to either a commercial collection agency or a Florida debt collection law firm. Our collection attorney will be able to explain to you the differences between using collection agencies and a Florida collection lawyer to help your company recovery past due account receivable. Collection agencies are useful when it comes to high volume placements of past due collection accounts. The collection agency can send a series of collection letters demanding payment and then make debt collection calls attempting the collection of money.
A Collection Agency is Not a Licensed Florida Collection Attorney – We Are a Florida Collection Law Firm
Remember a collection agency is not licensed to practice law. A Florida collection law firm also sends collection letters and makes collection calls demanding payment of the past due account. The Florida collection attorney then will be able to file a law suit to attempt recovery of the past due debt. A collection agency would have to refer the collection case to a collection lawyer and in turn charge your company a higher contingent fee upon collection of the money.
Call to Speak to Our Florida Collection Lawyer
Call our Florida Collection Law Firm and speak to our debt collection lawyer. Our Florida collection attorney has three decades of experience in debt collection. Working with your company our collection attorney will devise a debt collection strategy for your company that is just right for your company’s debt recovery needs.
A Florida Collection Lawyer Can Help Your Company Collect Delinquent Account Receivable In 2018
Our Florida collection lawyer has been concentrating his practice on commercial debt recovery for more than twenty-five years. Our collection lawyer looks at each debt collection case when it is received in our collection law firm to devise a strategy to maximize the potential to collect money for each client. No two debt collection cases are the same. Our collection attorney will explain the debt recovery strategy to your company so that the company is made aware of the various scenarios that could occur when pursuing collection of past due invoices.
Florida Collection Attorney Gebeloff
Collection Lawyers Versus Collection Agencies
When collecting debt, your company should be aware of the differences between using a collection agency to collect your company’s money versus using the collection lawyers at a debt collection law firm. Collection agencies are very limited in what they can legally do to attempt to collect past due accounts. Collection agencies can only send demand letters and make debt collection phone calls. A collection lawyer not only is able to make collection calls to recover past due accounts, but can send demand letters for payment. The power of a collection lawyer signing a demand letter for payment has a much bigger impact than a debtor receiving a demand letter from a collection agency. When a debtor receives a letter from a collection lawyer, they are made aware that litigation may be imminent to collect on the debt.
Call Our Collection Lawyer
We encourage you to call our Florida debt collection law firm and ask to speak to our collection lawyer. Our collection lawyer will take the time to understand your particular debt collection needs. Working directly with our collection lawyer, our debt recovery law firm will be able to devise a collection strategy that is just right for your company on each case to help your company achieve a higher rate of collecting past due account receivable.
As the economy continues to struggle, our debt collection attorneys continue to contact businesses attempting to collect money on past due accounts. Our collection lawyers are finding many honest business owners admitting to owing the debt, but because of their own personal cash flow struggles are not able to pay the debt in a lump sum payment. Our debt collection law firm is entering into many debt repayment plans. Creditors should keep in mind that until a matter is in in suit, there is no real teeth in the debt repayment plan. Many times, our collection attorney will recommend starting suit to recover money and then enter into a repayment plan secured by a court order.
Florida Collection Attorney Gebeloff
Collection agencies are unable to start suit to collect money. A collection agency is not licensed to practice debt collection law. Collection agencies send out a series of collection letters and then attempt to collect money by making repeated phone calls. Many times a collection agency will try to collect the account for an extended period of time when in reality a debt collection attorney will be more effective. The debt collection law firm is able to file a lawsuit to collect past due accounts. The collection lawyer will then be able to either settle the account or secure a judgment for the amount that is owed.
Use a Florida Collection Attorney to Collect Money
Once judgment is entered, there are many different post judgment options that our collection attorney will discuss with you. Simply a collection agency is limited in what it can do to collect money. Collection agencies do have their purpose, but creditors typically find that placing an account for collection with a collection attorney has many advantages over placing an account for collection with a commercial collection agency.
Hurricane Irma has brought the Florida economy to a halt. Pretty much the only businesses working at the moment are those working to clean up the debris, tree removal companies and restoration services for properties affected by the hurricane. Whether businesses can’t get employees into work, the office is damaged or no one will be wanting to purchase their products, a lot of businesses are stuck in the mud. 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 Attorney – Debt Collection Law Firm
Our debt collection law firm is sympathetic to cash flow problems that small businesses and persons may encounter. However, unless you stay on top of collecting money owed to your company, the 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. We understand they may be waiting for a payout from their business or house insurance in light of the disaster (click for more info here) and we can discuss an arrangement to work around this. If payment arrangements are not made, our debt collection law firm will recommend that a 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 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
In past blogs, we have discussed the difference between using a Florida commercial collection agency rather than a Florida debt collection attorney. Collection agencies are not licensed to practice debt collection law. A collection agency typically will make collection calls and send a few collection letters to your customer to collect your money. If the collection agency is not successful, they then have to charge you a higher contingency fee and send the case to a collection lawyer.
Florida collection law firm
A debt collection law firm contacting your customer first to make demand for payment, has a bigger impact than your customer receiving a collection letter from a commercial collection agency. A debt collection lawyer after sending a demand letter and calling your customer demanding payment, can then recommend that a lawsuit be started to recover the money that is owed to your company.
Florida Debt Recovery Law Firm
Once a lawsuit is started to recover your money, your company now has greater control over the debt collection process. Your customer will either recognize the debt and attempt to make payment arrangements with our office – hire an attorney, if there is a legitimate dispute to the debt or ignore the debt collection lawsuit. If the lawsuit is ignored, your company would be entitled to have a default judgment entered against your customer for the amount of the open invoices, costs and interest as allowed under Florida Law.
Florida Collection Attorneys – Lawyers
To learn more about the debt collection process and about how our Florida collection attorneys may be able to help your company recovery its money, we encourage you to contact us and ask to speak to one of our collection attorneys. Working together, we will devise a debt recovery strategy that is just right for your company.
Florida debt collection attorney recently performed with the Symphonic Band of the Palm Beach – Armed Forces Salute. When he is not his saxophone, collection attorney Stephen Gebeloff, manages his commercial debt collection law firm in Palm Beach County. The Gebeloff Law Group is a boutique debt collection law firm with its offices in Boca Raton, Florida.
Collection Attorney – Debt Collection Law Firm
The debt collection lawyer prides himself with offering customizable debt collection strategies to his debt collection clients. As an attorney who concentrates his practice on complex debt collection matters, Mr. Gebeloff explores a wide variety of possible of legal theories that he maybe able to utilize when devising a collection strategy for your company. Collecting money from your customers is the primary goal of our debt collection strategy. Sometimes, a demand letter from a collection attorney may be all that is needed to collect on past due invoices. A letter from a collection attorney rather than a collection agency sends a powerful message that your company is serious about collecting past due accounts.
Contact Our Debt Collection Law Firm
When you contact our Florida debt collection law firm, Mr. Gebeloff will take the time to understand your business and make recommendations on how your company can take better control of delinquent accounts. Our firm has developed an attorney demand letter service that may be appropriate. Our collection law firm also considers officer and director liability. There are times when the corporate entity is more of a sham and is akin to the individual officer him or herself. In that case, our collection attorney will look to assert personal liability for the debt on the officer(s).
When you call our collection law firm, our staff will be happy to answer your questions about commercial debt collection law. We are not a commercial collection agency. There are big differences between using collection agencies rather than collection attorneys when collecting your debt. Let our debt collection attorneys help your company maximize collect of past due accounts.
Debt Collection Attorney Pursues Officers of Companies for Fraudulent Transfers
Creditor fraud is more abundant with a tighter economy. Many officers of companies believe they can simply close down one corporation and then open up another company without liability. Our debt collection law firm concentrates on litigating these types of cases. Our debt collection attorney will look to assert personal liability on the officer of the company, your customer and the newly formed company by asserting various fraud claims, including claims brought under the uniform fraudulent transfer act.
Guide to Internal Debt Collection Procedures
Collecting Past Due Invoices
Our debt collection law firm has represented all industries, including insurance companies seeking to recover insurance premium, staffing agencies, commercial lender, material suppliers, just to name a few. No matter what industry your company is in, it is important to take early steps to help eliminate a greater account receivable. Let our debt collection law firm put together a debt collection strategy to help your company collect more past due accounts from your customers. We are not a commercial debt collection agency. There is a vast difference between a collection agency and a debt collection law firm. Collection agencies can send debt collection letters and make phone calls to try and collect past due accounts, however, collection agencies are not licensed to practice law and would have to send the account to a collection attorney to attempt collection of the account receivable if the collection agency was unable to collect the debt.
Collection Agencies Cannot Practice Debt Collection Law
We invite you to call our debt collection law firm and ask to speak to our collection attorney. The collection attorney will review your case and discuss various scenarios that may come into play while attempting collection of your company’s past due account. Our collection attorney has also authored a book on how to set up internal debt collection procedures and practices. We cannot promise we can collect all outstanding accounts, but we can put your company in a better position to collect the money that is due for services rendered or goods sold and delivered.
December is the time of year many businesses take a pause to self asses the year their business had. Many small businesses struggle with cash flow. Companies that have outstanding account receivable often do not have a system in place to pursue bad debt / past due accounts. Our debt recovery law firm has put together a free -E-book to assist companies with their debt collection policies and procedures. Inside the book our collection attorney provides some strategies that may assist a company sharpen up their internal debt collection procedures.
Collection Attorney Stephen B. Gebeloff
If a business has done everything they believe was possible to collect past due accounts, they often may start to consider sending the account to a collection agency. Collection agencies may be an effect tool for debt recovery, but we have discussed the differences between a collection agency, collection attorneys, and debt collection law firms. A collection agency is not licensed to practice debt collection law. Collection agencies typically send accounts to collection attorneys throughout the United States. To send collection accounts to collection lawyers a collection agency must typically charge a higher contingency fee. The reason is that the collection agency is simply acting as a middleman.
Collection Agencies and Debt Recovery Law Firms Are Not The Same When It Comes To Collecting Past Due Accounts
Most commercial collection law firms can provide the same services that a collection agency can, but as stated above, because collection agencies are not collection attorneys, a debt recovery law firm can be a lot more powerful way to attempt the collection of your company’s overdue accounts. A letter and phone call from a collection attorney lets your customer know that your company is serious in pursuing the collection of the past due account.
There are many variants to being able to collect a past due account. Our debt collection law firm believes that before a lot of money is spent on contingent collection fees, a flat fee alternative should be considered. To learn more about flat fee debt collection attorney fee programs our commercial collection law firm provides, we encourage you to contact one of our debt recovery law firm and ask to speak to someone from our debt collection and recovery team. CLICK HERE TO LEARN MORE
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.
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.