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What are some common mistakes that businesses make when trying to collect unpaid debts?

Collections Law

Business owners in Massachusetts are likely familiar with the frustrations of trying to collect unpaid debts. Cohen & Associates LLC, our aggressive and relentless commercial collections attorneys have more than 60 years of combined experience helping Massachusetts business owners collect their unpaid debts.

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Can you still collect if the debtor has filed for bankruptcy?

Collections Law

There is no question that a bankruptcy filing can frustrate your attempt to collect on a debt from another business in Massachusetts. You may still receive some payment through bankruptcy, even if you cannot collect on the entire amount the business owes you. You should not give up, though. At Law Offices of Alan M.

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How can a mechanic’s lien help an architect?

Collections Law

Cohen LLC, our experienced commercial collections attorneys often help architects and other parties involved in real estate development pursue payment through mechanic’s liens. We have nearly 50 years of combined experience representing businesses in debt collection. At the Law Offices of Alan M.

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How long do I have to collect on a debt in Massachusetts?

Collections Law

A judgment also puts you in line for payment if your debtor files for bankruptcy. Reach out for help Although you may have four years to collect if you are subject to the Uniform Commercial Code or Six years for non-uniform commercial code for breach of contract, that does not mean it’s wise to wait that long.

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SBA Loans: Offers in Compromise

Jimerson Firm

4) Collection of the loan balance is not barred by a valid legal defense, such as discharge in bankruptcy or the statute of limitations; (5) The borrower has not engaged in fraud, misrepresentation, or other financial misconduct; and. (6) illness), paying it would cause financial hardship. (4)

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Keeper attachments: How do they help you collect your money?

Collections Law

The commercial collection process can feel overwhelming sometimes. This might be especially helpful if the customer heads into bankruptcy, which could make collections much more difficult. Cohen LLC To Help You Collect We are here to explain your options for commercial debt collection.

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How to Maximize Recovery on a SBA Loan by Negotiating a Workout Agreement

Jimerson Firm

Essentially, a workout agreement restructures the material terms and conditions of the SBA loan in order to: avoid actions such as foreclosure or bankruptcy; allows the borrower to cure the default and improve their ability to repay the loan; and enables the lender or CDC to maximize their recovery on the loan. SOP 50 57 ; SOP 50 55.

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