Florida Collection Attorney Lectures for the South Palm Beach County Bar Association
Florida collection attorney Stephen Gebeloff on March 7, 2019, gave a lecture to other lawyers at the South Palm Beach County Bar Association , providing practice tips on how to collect judgments in Florida. Mr. Gebeloff has been a collection attorney in Florida for many years and was able to provide suggestions to the other attorneys in attendance on how to increase their success rate collecting Florida judgments. Florida collection attorneys practice in the area of debt collection and have day to day experience with the Florida Courts when representing a client who requires retaining a Florida collection attorney.
Florida Collection Attorney Assists Creditors
The Gebeloff Law Group concentrates its practice in
assisting creditors optimizing their collection of account receivable. Mr. Gebeloff has been an active debt
collection attorney for three decades. He first started his career in New
Jersey before moving to Florida to continue his debt collection practice. As a Florida collection attorney, Gebeloff
strives to provide his clients with several different scenarios that may occur
in the collection process. A Florida collection attorney has many more tools
available to try and use. A Florida collection agency is typically limited to
sending out collection letters and then make debt collection telephone calls.
Florida Collection Law Firm
Because a Florida collection law firm and the collection
attorneys who represent creditors
can bring a lawsuit to collect
past due account receivable, they are
able to exert more pressure and stress the urgency for the debtor to pay the
past due debt than a Florida collection agency. Once our Florida collection
attorneys obtain a judgment, there are multiple ways our Florida collection
attorneys can look for assets to garnish.
Call our Florida Collection Attorney
Please call our Florida debt collection law firm and ask to
speak to our Florida collection attorney.
Our collection attorney is ready to work for you to help maximize your
chances of collecting the past due account.
When a certified copy of a judgment is recorded in a Florida County, it creates a lien against real property located within the County. Our Florida collection attorney has written articles before, however, reminding creditors that Florida has very stringent homestead protection. Our Florida debt collection firm has several active debt collection cases where our collection attorney is attempting to have the court find the equitable exceptions to Florida homestead. If you are attempting to collect money from a debtor in Florida and you believe that the debtor may have a homestead, speak to our Florida collection lawyer and discuss if there is the possibility of piercing the Florida homestead protection.
Collection law firm – Collection Attorney
Florida Judgments Are Valid for Twenty Years
Florida Statute 55.081 provides that judgments shall act as a lien against both real and personal property in Florida for no more than 20 years. Our Florida collection attorney reminds creditors, however, that a certified copy of the judgment must be recorded in the county of the debtor’s residence to perfect the lien. The lien after recorded is valid for ten years and is able to be renewed one time, to extend the lien for the twenty year life of the judgment. Creditors should be mindful that to acquire priority against personal property of a debtor, a judgment lien certificate must be filed with the Florida Department of State. Judgment Lien Certificates a re valid for 5 years and are able to be renewed for an additional 5 years. Florida Statute 55.204 . Our Florida collection attorney can still proceed to execute on personal property if a Judgment Lien Certificate is not acquire. The caveat is that if there are other creditors who have recorded their judgment Lien Certificate, their judgments must be satisfied before your judgment upon execution by the sheriff.
Florida Debt Collection Law Firm and Collection Attorneys
Our Florida debt collection law firm welcomes your inquiries to see if we will be able to assist you in collecting on your Florida Judgments. Our collection lawyer explains, getting a judgment is usually the easy part. How you collect your Florida Judgment can sometimes be difficult. Please call our Florida debt recovery law firm and ask t speak to one of our collection attorneys to devise a debt collection strategy.
An Equitable Lien is one possible factor to defeat homestead protection on Florida real property. Florida has very stringent homestead laws protecting debtors from having to sell their home, to satisfy a judgment held by a creditor. Our Florida collection attorney, Stephen Gebeloff, has been concentrating the firm’s debt collection practice on assisting creditors pierce Florida’s homestead protection. There are several other factors in the debt collection process, that may be uncovered, that could allow our Florida collection lawyer to consider the appropriate motion for the Court to consider equitable principles which may fall under several exceptions to Florida’s home stead protection.
Florida Debt Collection Law Firm
Law Firm in Florida to Collect Money
Our Florida Law Firm focuses its practice on assisting companies collect money from other companies and/or individuals that may owe money. Our Florida collection lawyer recognizes that Florida is one of the most debtor friendly states in the United States. Our Florida collection attorney has devised collection strategies to pursue some of the toughest debt collection cases presented. The Gebeloff Law Group, Debt Collection Law firm, recognizes that there are alternative ways to collect from individuals who used their corporations to attempt to shield the individual from liability for paying for your company’s account receivable. By recognizing that fraud may be a factor, our collection attorney is able to assert individual liability for the debt in a debt collection lawsuit.
How to Collect Money in Florida
There are collection agencies in Florida and other debt collection law firms. We have spoken in the past about the difference between a debt collection lawyer, a collection law firm and Florida collection agency. We would ask that you call our Florida debt collection law firm. Ask to speak our lawyer to discuss different collection strategies that can be put in place to assist your company collect past due accounts.
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
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.
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 Agencies and Collection Departments Utilizing Debt Collection Book
Our EBook Collecting Account Receivables has been getting very positive feedback. Our commercial debt collection clients have told us that they downloaded the book and have had their accounting staff read it. The book helps creditors set up internal debt collection strategies. Discussed is also the difference between a collection agency and a debt collection law firm. Collection attorneys can provide debt recovery services that commercial collection agencies are not able to provide legally.
Collection agencies are limited to making phone calls and sending demand letters for payment. Collection agencies cannot file a law suit, take depositions in aid of execution or garnish bank accounts to seize assets once a judgment is obtained. Obtaining a judgment is not the hard part if a debt is justly owed. It is how you collect on a judgment. A collection agency is not licensed to practice law and must retain a collection lawyer to implement a litigation strategy to collect on accounts. Collection agencies when forwarding a debt collection case to a collection attorney typically will charge their client’s a higher contingent fee because they have to charge a fee on top of the collection lawyer’s fee. Many credit managers realize that when it is apparent customer is not paying, it makes sense to retain a debt collection law firm rather than a collection agency. Not only will the credit manager save money but, putting the power of an attorney behind your demand for payment is more effective.
Collection agencies serve a purpose when there is a high volume of cases with relatively small balances to collect. We invite you to contact our commercial debt collection law firm to discuss the differences between utilizing a collection agency or forwarding your commercial collection accounts directly to a collection attorney.
Senior Debt Collector Joins The Gebeloff Law Group
A Commercial Collection Law Firm
The Gebeloff Law Group has added a Senior Debt Collector to its staff. The addition of the debt collector will assist Mr. Gebeloff in securing prelitigation payments from debtors. The philosophy of The Gebeloff Law Group is to provide its clients commercial debt collection services in an effective and cost efficient manner. If voluntary payment is not obtained prior to litigation, the debt collector will help gather valuable information about the debtor, including, but not limited to, the nature of the dispute, assets the debtor may or may not have and/ or if the debtor’s officers may have set up other entities in an effort to defraud creditors.
Collection Attorney Stephen B. Gebeloff
We have discussed in prior blogs the difference between our commercial debt collection law firm and commercial collection agencies. Collection agencies also use debt collectors but, too many times debt collectors are limited in their effectiveness as they are constrained. Collection agencies are not licensed to practice law. A commercial collection agency must eventually send your debt collection case to a collection attorney if the collection agency is unable to collect on your company’s past due account receivable. The collection agency then will charge the creditor a higher contingent collection rate.
Our debt collector will also work on post judgment collections. Too many times after a judgment is obtained, not enough pressure is brought upon a debtor to make payments to satisfy the judgment. Commercial collection agencies cannot bring proceedings supplementary to implead third parties and/or pursue third parties for fraudulent transfers. We are optimistic that the addition of our Senior Debt Collector to our staff will increase the percentage of the recovery of bad debt our clients send to our commercial collection law firm.
Please feel free to call our debt collection law firm and ask to speak to one our experienced debt collection staff. We would be happy to discuss the differences between using a collection agency, collection agencies and/or using a collection attorney with a commercial collection law firm to collect your pre-judgment or post judgment debt.
What Can Our Debt Collection Attorneys Do to Collect Your Money After Judgment
After Judgment is obtained and the debtor does not voluntarily make a payment to satisfy the judgment, there are several options to consider. If you know where the debtor has assets, writs can be issued by the Court giving the Sheriff to seize assets to satisfy or partially satisfy the Judgment. We often ask our clients to keep copies of checks of all payments they may receive from their customers. There may come the day when the customer becomes a debtor and knowing where the debtor banks may lead to successful garnishment of funds in the debtor’s bank to satisfy the judgment.
Judgment collection law firm
If you are uncertain about where the debtor may have assets, the Court allows creditors to conduct post judgment discovery. You have the option of taking the debtor’s deposition or of sending post judgment interrogatories to the debtor. If the debtor fails to respond to post judgment discovery, the Court can assist the creditor in getting the debtor to comply. The debtor must turn over financial information to the creditor. Failure to do so may lead to the Court holding one of the officers of the judgment debtor entity or an individual judgment debtor in contempt of Court.
Our firm will also use post judgment discovery to determine if money has been fraudulently transferred to a third party or to another entity that may be owned by the either the individual judgment debtor or corporate judgment debtor in an effort to conceal assets from creditors. If so, we can explore the possibility of naming these third parties in a lawsuit as defendants alleging fraudulent transfer
How Fast Can Judgment Be Obtained in a Debt Collection Case
Our debt collection client’s frequently ask our collection attorneys-lawyers how long will it take to collect their companies past due account receivables. It is important to note that every debt collection case is unique. Below we will summarize what to expect when your account receivable manager places an account for debt collection with our law firm.
If after a debt collection lawsuit is filed by our collection law firm, the debtor files no responsive pleading to the complaint, twenty (20) days after the summons is served, default will be entered. Thereafter, our debt collection client simply has to execute an affidavit of proof and our collection lawyers-attorneys will prepare a Motion for Default Judgment. In this scenario Judgment can be obtained anywhere from thirty (30) to forty-five (45) days.
Debt Collection Case
If a debt collection case is disputed by a debtor, the timing of a debt collection case depends on the dollar amount of the account receivable. In Florida, if a debt collection account is under $15,000.00 that would put the account in the jurisdiction of the Florida County Court Judicial System. In Florida, debt collection cases filed in the County Court typically go to trial within four to six months after the debt collection case is filed. Debt collection cases filed by our debt collection law firm in Florida that have an account receivable above $15,000.00, put the account in the Jurisdiction of the Circuit Court. Cases in this jurisdiction typically take longer to go to trial than debt collection cases that are filed in the County Court.
As previously indicated, each debt collection case is different. Our collection attorneys-lawyers work with our clients to try and streamline the process and get the debt collection case to trial and secure a judgment as expeditiously as possible. Once a judgment is obtained by our debt collection law firm, our collection attorneys-lawyers and debt collection paralegals will then devise a strategy to then attempt to liquidate the judgement.
We encourage all account managers to call and speak to our collection attorney to devise a comprehensive debt collection strategy for all of their account receivables that have become delinquent. There are many studies that show the longer a creditor waits to take action on collecting past due accounts, the percentage of recovery drops over time.
Collection Law Firms Ensure Debtor Compliance with Discovery in a Debt Collection Matter
After a judgment is obtained in a debt collection case, the Court typically orders that the debtor be required to answer post-judgment discovery. Our collection lawyers can either take the deposition of the debtor or prepare interrogatories to assist our collection law firm discover assets in the debt collection matter. Depending on the balance of money owed to our client, our collection attorney will recommend which is the most cost effective way to proceed.
Our collection attorneys are able to compel the debtor in a debt collection matter to make a full financial disclosure of its assets. If the debtor does not comply our collection lawyer will petition the Court to have the debtor appear for the Judge and explain why the debtor has not provided the required financial disclosure. Once there is a disclosure our collection law firm will discuss with the creditor the best way to attach assets.
Miami Dade County Court House
Our collection attorney always asks a client if they have any bank account information from past business transactions with the debtor. The debtor may be using the same bank account. Our collection lawyer will then have the Court issue a writ of garnishment. The writ of garnishment is then served on the bank. If the debtor still maintains accounts, the bank will notify our debt collection law firm. Then after 30 days, our collection lawyers will petition the court to then turn over the funds being held by the bank to our attorney trust account on behalf of our clients.
Our collection law firm would be happy to discuss post judgment collection strategies and or debt collection strategies with you. Please feel free to contact our collection law firm and speak to our debt collection attorneys. Our debt recovery firm would be happy to devise a collection strategy that is just right for your company.