Florida Collection Attorney Completes NYC Marathon

Florida Collection Attorney Completes NYC Marathon

Boca Raton, Florida Collection Attorney Stephen Gebeloff completed his fifth marathon on November 4, 2018, completing the New York City Marathon.  Mr. Gebeloff   is an attorney with The Gebeloff Law Group, providing debt collection legal services.  Running a marathon is difficult, but sometimes collecting past due account receivables can feel like a marathon to some of our firms Florida debt recovery clients.   We welcome you to call our law firm and speak to our debt collection attorney to map out a long-term debt collection strategy.

Florida Debt Collection Attorney

Florida Collection Attorney Gebeloff

Collecting Debt in Florida

Collecting debt in Florida is not always a straight forward process.  Florida is known as one of the friendliest States for debtors to reside. There are many exemptions in place that makes it hard to attach assets when you hold a valid judgment.   Gebeloff believes that, in part, through his marathon training, he is able to look at each collection case that he  is retained, as  not a short sprint, but  a process that  takes time and a sound debt collection strategy put into place.   Our debt collection law firm has been representing creditors in all industries for many years and is very familiar with the delays and stall tactics debtors will try to employ to keep  our debt collection clients from recovering the money that is justly owed to them.

Florida Debt Collection Law Firm

We encourage credit managers and other individuals that may be owed money for goods and/ or services delivered/provided to call our Florida debt recovery  law firm.  Just like planning to run a marathon, Mr. Gebeloff will lay out a step by step road map to help  our clients devise a  collection strategy that is tailored to their particular Florida debt recovery case.

Florida Statute of Limitations when Collecting Debt

Collecting Debt in Florida – What is the Statute of Limitations

Statute of limitations on debt collection cases in Florida are five years for written contracts and four years for oral contracts. Many collection cases presented to our Florida debt collection law firm relate to goods sold and services delivered. When an account receivable is placed for collection relating to goods sold and delivered the statute of limitations is four years.  Our debt collection attorney will confirm to you that when attempting collection of account receivable, the earlier you place your claim with our Florida debt collection law firm or with a commercial collection agency for that matter, the odds of being able to collect your money increase.

Call Our Florida Debt Collection Attorney

Our Florida collection law firm hands commercial collection accounts. Our Florida collection lawyer will send a written demand letter to your customer demanding payment for the products your company has delivered for their services your company has provided but has not been paid.  If the demand letter from the collection attorney does not secure payment of the account, our collection law firm would then be able to bring a law suit to collect the past due account.  A collection agency is not licensed to practice debt collection law and therefore must send the account to a Florida collection attorney, if the collection agency is unable to collect the past due receivable.

Florida Collection Lawyer

Florida Collection Attorney and Florida Debt Collection Law Firm

We welcome your company calling our debt collection law firm. Ask to speak to our Florida collection attorney about different collection strategies that might be just right for your company. When you work with our Florida collection law firm and collection lawyer, you will be assured that an effective debt collection strategy will be implemented to help maximize your recovery of past due Florida account receivable.

Collection Lawyer – Attorney – Collecting Past Due Accounts

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 Agencies - Florida Collection Agency

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.

Collection Agencies – Collection Lawyers – Debt Collection

Collecting Money in Florida – Collection Agency – Florida Collection Attorney

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.

Debt collection Law Firm Florida

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.

 

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.

 

collection attorney-agency eBook

Collection Agency-Collection Attorney eBook

Implementing an effective debt collection strategy for your company

Collection Attorney, Stephen Gebeloff is set to release his eBook to help companies with internal debt collection and external debt collection policies and procedures. The eBook is entitled “Collecting Account Receivables.”   The eBook was written to help companies tighten up their internal collection procedures. The sub-title of the debt collection book is “Don’t Let Your Company’s Money Burn.”

Collecting your money-Debt collection methods

Guide to Internal Debt Collection Procedures

The debt collection attorneys at our commercial collection law firm believe that if more companies were more proactive with their internal procedures relating to collecting their past due accounts, they would find that there would be a higher rate of recovery on accounts that they extend credit to.

The eBook discusses the differences between collection agencies and collection law firms. Using a commercial collection agency can be useful in some situations. However, credit managers should be mindful that a collection agency is not licensed to practice law. When using collection agencies, if the collection agency is unable to collect on an account, they then must send the file to a commercial collection law firm. The collection agency will charge your company a higher contingency fee as the collection agency will act as a middleman and want to retain a percentage of the contingency fee.

 

The eBook also discusses the debt collection process once a file is turned over to either a collection agency or debt collection law firm. Once a lawsuit is filed to attempt collection of past due accounts, the various scenarios are discussed.   The e-Book gives an outline of the debt collection process. The collection attorneys at The Gebeloff Law Group are always happy to answer any questions your company may have. We will discuss the differences between commercial collection agencies, commercial collection law firms and how each may or may not be appropriate to help your company recover past due accounts.

Florida collection agency-agencies

Using a Florida Collection  Agency or Florida Collection Agencies

Florida collection agencies continue to collect debt in Florida. A collection agency in Florida needs to register with the State of Florida to have a collection agency license. A Florida collection agency may be a good fit for company that has a high volume of low balance claims for collection that are too small to justify filing a debt collection law suit. Florida collection agencies typically send our collection letters and then use debt collectors to make debt collection phone calls from their Florida collection agency office.

Even though a Florida collection agency may hold a license to collect debt in Florida, there really is no oversight over the Florida collection agencies over what tactics they may employ or how effective they may be at collecting debt in Florida. More credit managers are recognizing that they no longer need to place their debt collection claims with Florida collection agencies.   A Florida debt collection law firm offers the same services as a Florida collection agency. However, what is important to recognize is that Florida collection agencies do not hold a license to practice law.

Florida commercial collection agency

Florida Debt Collection Agency

If a Florida collection agency want to suggest that a collection case needs to go to an attorney, the Florida collection agencies have to outsource the collection matter to a Florida collection attorney. The end result is the Florida collection agency has to charge you a higher contingent fee as the Florida collection agencies now have to act as a middle man and will charge a premium on top of what the Florida collection law firm charges.

 

Our Florida collection lawyers will be happy to discuss the difference between Florida collection agencies and Florida collection law firms. In some instances utilizing a Florida collection agency may be a good option. However, in most cases using a Florida debt collection law firm will prove to get better results as the debtor recognizes that using a Florida collection law firm over a Florida collection agency means that your company intends to use the Florida courts to help your company recover its money.

 

How To Maximize Collecting Your Receivables

Debt Collection Attorney to Author E-Book

Our debt collection clients have been asking our debt collection law firm questions about collecting their past due accounts.  There are common patterns  in the debt collection cycle.  We decided to begin putting together an e-book on  debt collection  to try and help our clients maximize their recovery of  account receivables.  The  debt collection book  will discuss  internal company credit and collection policy and procedures as well  as what to expect when an account is turned over to a debt collection attorney. Below are several paragraphs from the book.   As we progress with written the book, we will post excerpts as they become available.

  • Consistent Company Credit and Collection Policies

The name of the game in any business whether it be large or small is cash flow. Without cash flow most businesses, unless they huge reserves set aside struggle. Being consistent with your companies credit and collection practices is essential to keeping the money earned from services your company has rendered or has invoiced for the product your company has provided.

It is important all the personal in your company are made aware of your company’s credit and collection policies. Customer retention should be the goal. However, there will become a time in any business where a debt becomes past due. At some point your company has to start to make a decision, is the customer having a temporary cash flow issue that a simple phone call may determine or is it becoming apparent that the customer no longer has the ability to pay or does has the ability to pay but, simply is ignoring demand for payment.

When it is apparent to your company that an acceptable repayment plan will not be established, the debtor simply will not pay or the debtor is in the process of liquidating, it is time for your company to get third party help to help collect the money that is due to your company for services rendered and/or goods sold and delivered.

  •  The Importance of the Credit Application

The Credit Application is very often overlooked by many companies. Our debt collection law firm cannot stress the importance of having your customer provide complete and accurate information on the application. From this document you can gain insight on how creditworthy your customer is. The customer may not always be truthful about its financial status but, from a credit and collection standpoint what our collection law firm is looking for, if the account becomes delinquent, is there a valid address to serve the summons and complaint and to see if a legal entity is even identified.

Too many times we see our clients invoicing a company that does not even legally exist. You can verify the corporate charter of any business by going to the Department of State, Division of Corporations Website, in the State that your customer claims it is incorporated.

Debt collection Law Firm Florida

Debt collection law firm

The credit application should have a paragraph added to allow for the recovery of costs and collection fees in the event your company has to retain a debt collection law firm to assist with the recovery of an account receivable. Unless specifically stated in the credit application or allowed by state statute, recovering your costs and attorneys’ fees, if you do have to take a case to court. varies from State to State. In Florida, if the credit application, contract or a Florida Statute does not specify entitlement to attorneys’ fees, each party to the lawsuit would be responsible for paying their own costs and attorneys’ fees. For this reason we advise all of our clients to include a paragraph substantially similar to: “In the event (name of your company) has to pursue collection on past due invoices for services rendered and/or goods sold and delivered, (name of your company) shall be entitled to recover its costs of collection, court costs and reasonable attorneys’ fees.”

 

 

Personal Guarantee paragraphs should be added to the credit application. With so many businesses open today and closed tomorrow a personal guarantee will ensure there is still someone to pursue if your customer goes out of business and there are still past due invoices that due to your company. However, keep in mind, a personal guarantee is only as good as the individual guaranteeing the obligation. There are some customers whose officers will refuse to sign a personal guarantee. A business decision needs to be made whether or not to extend credit to. If your company is willing to take a risk by extending credit to a newly formed business do so with open eyes.

In sum, your company needs to make decisions on who to grant credit to. Use the information obtained in the credit application to make a prudent decision. But, perhaps if an officer is unwilling to sign a personal guarantee that should be a red flag that the officer of the company is not willing to personally back the obligation.

( C) Copyright, Stephen B. Gebeloff, P.A. June 2015

Marketing Debt Collection-Essential to a Debt Collection Firm

Marketing our Debt Collection Law Firm and Debt Recovery Services

Marketing our law practice is essential to ensure the continuing growth of our commercial debt collection practice. Our law firm is aware of the important role social media plays in getting our firm’s message across.   Our objective is to engage not only our current commercial debt collection clients but, to reach new clients that are having issues collecting their account receivables.

Our debt collection attorneys have created a Blog to write current articles pertaining to debt collection. The Blog posts cover a variety of topics ranging from how to make demand on a debtor for payment prior to litigation, the litigation process, defenses a debtor may raise during a debt collection case, obtaining a judgment, how to collect on a Florida judgment and ways to possibly recover against third parties for the debt if there has been fraudulent activity.

Debt Recovery Law Firm

Debt Recovery Law Firm

Our firm has a Facebook Page, Twitter Account, Google Plus Account and Linkeden Page. We use these pages to keep our commercial debt clients up to date and to also share information with others who may have a need for our debt collection services or know someone who does. Part of our marketing strategy of course is to be found by new clients who are looking for our debt recovery services.

Search Engine Optimization “SEO” is an important part of our marketing. Today clients looking for our Florida debt collection services or our Florida debt collection attorneys do not go to the Yellow Pages, most perform a Google Search. It is no secret that if our debt collection law firm is not found on the first page of Google, potential commercial collection clients will not find us.   To help our debt collection firm be found on Google, our collection attorney recently enrolled in a SEO course offered by ScaleUP Academy.

The course was presented in ten (10) videos that showed our debt collection law  firm simple steps to take and adjustments to make to our web pages. The course was easy to understand and even though we are a debt collection law firm and not web designers or computer programmers, we were able to follow along. We implemented most of the strategies suggested by ScaleUP Consulting. Our  collection law firm is now showing up on the first page for Google searches for potential debt collection clients looking for our debt recovery services. We have noticed a significant increase in new debt collection client telephone calls coming into our debt recovery law firm.

How Fast Can Judgment Be Obtained in a Debt Collection Case

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

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.