Collections Law

SEPTEMBER 10, 2021

Filing your proof of claim Once you receive notice that your debtor has declared bankruptcy, you should review the paperwork and your status as a listed creditor. You should also have the chance to attend a meeting with the debtor to ask questions regarding the bankruptcy filing. Cohen LLC, we use several methods to pursue these debts.

Debtor 52

Debtor Bankruptcy Chapter 7 bankruptcy Collections 52

Collections Law

MARCH 21, 2024

In Massachusetts, a keeper attachment is a prejudgment attachment in which the court appoints a “keeper” to oversee a debtor’s cash receivables. This prejudgment attachment is especially useful when a debtor is operating a cash-heavy business like a restaurant or retail store. What does the keeper do? Cohen & Associates LLC.

Debt Recovery 52

Debt Recovery Commercial Collection Debtor Judgment 52

Collections Law

APRIL 19, 2022

The process becomes even more problematic when your debtor is located in another state. Even if you do achieve a judgment in your own state, you have the added step of needing to domesticate the judgment in the debtor’s state. As an out-of-state creditor, you do have options for collecting a debt from a debtor in Massachusetts.

Debtor 52

Debtor Collections Judgment Commercial Collection 52

Collections Law

APRIL 2, 2024

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M.

Collections 52

Collections Judgment Debtor Commercial Collection 52

Collections Law

MARCH 19, 2024

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M.

Collections 52

Collections Judgment Debtor Commercial Collection 52

Collections Law

JULY 6, 2021

When partnering with the experienced commercial litigation debt collection attorneys at the Law Offices of Alan M. Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect. With Notice vs. Ex Parte.

Debtor 52

Debtor Judgment Collections Lawyers 52

Stevens Lloyd

AUGUST 8, 2018

The Stevens-Lloyd Group has over 60 years of combined experience in the commercial debt collection arena. As a commercial debt recovery firm, we understand the urgency of recovering outstanding accounts receivables. However, if the debtor avoids communication or disappears, it is time to deploy a professional debt recovery firm.

Debtor 40

Debtor Debt Recovery Commercial Collection Collections 40

Collections Law

SEPTEMBER 24, 2021

If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The experienced commercial collections attorneys at the Law Offices of Alan M. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need.

Collections 98

Collections Debtor Commercial Collection Judgment 98

Collections Law

SEPTEMBER 11, 2023

They will also usually start with all of the same tactics that you have probably already tried: Making phone calls Sending late payment notices Attempt to persuade the debtor to pay their bills While collection agencies are persistent, their efforts often approach a level of harassment.

Mechanic’s Liens 52

Mechanic’s Liens Collections Commercial Collection Collection Agencies 52

Collections Law

MAY 11, 2022

When someone owes you money, the law provides several ways for you to collect on the debt. A court may issue you a writ of execution to allow you to collect certain property from your debtor in order to satisfy the debt. How long do you have to collect on the writ of execution? At Law Offices of Alan M.

Debtor 98

Debtor Commercial Collection Collections Trade 98

Collections Law

DECEMBER 1, 2022

This authorizes the sheriff to enter the debtor’s place of business and collect all cash in the cash register. This is a useful option for debtor businesses that operate primarily in cash. This tactic allows a creditor to intercept a debtor’s income stream as ordered by the court. Reach and Apply injunctions.

Collections 98

Collections Commercial Collection Creditors Debtor 98

Collections Law

FEBRUARY 22, 2022

Cohen LLC, our attorneys have nearly 50 years of combined legal experience peeling back the layers of a company’s transactions to find fraudulent conveyances that reveal a debtor’s hidden assets. On paper, it may appear that the debtor no longer owns that property, but in reality, they still control it.

Debtor 98

Debtor Commercial Collection Judgment Creditors 98

Collections Law

SEPTEMBER 29, 2021

Unfortunately, collecting on that judgment could prove to be a challenge. The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have almost 50 years of combined experience assisting clients with not just obtaining a judgment, but actually collecting the money their debtors owe them.

Collections 52

Collections Commercial Collection Judgment Debtor 52

Collections Law

FEBRUARY 17, 2022

When a company must go after a debtor for payment, each day that they don’t have access to the money they are owed makes a difference. Cohen LLC, we often use injunctions to prevent debtors from hiding their assets. How does Rule 65 apply to collections? We have been doing commercial collections since 1994.

Collections 52

Collections Commercial Collection Debtor Judgment 52

Debt RR

SEPTEMBER 27, 2020

If you owe or another business owes you, you are in good company because this article discusses the nitty-gritty of business debt collection laws. What are Business Debt Collection Laws? The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S. The short answer to this is yes.

Collections 74

Collections Collection Agencies Collections Agency Debt Recovery 74

The McHughes Law Firm

JUNE 22, 2016

A guarantee of payment is a far more effective tool , as it allows a creditor to proceed directly against the guarantor without the necessity of taking any action against the primary obligor [debtor]. The post Personal Guarantees in Commercial Collection: How Helpful Are They? appeared first on McHughes Law Firm.

Commercial Collection 40

Commercial Collection Collections Creditors Credit Management 40

Collections Law

OCTOBER 12, 2021

When you win your judgment case against a debtor who has not paid, you may not want to celebrate just yet. You must still collect your money, which is often easier said than done. The debtor could be a natural person, an officer or partner of a business, or the trustee of a trust. At Law Offices of Alan M.

Creditors 52

Creditors Debtor Judgment Commercial Collection 52

Collections Law

DECEMBER 27, 2021

You want to bring in a new party You may discover that a third party owes your debtor money. In that scenario, you can request a “reach and apply injunction” to collect the money that third party owes to the debtor. This is called piercing the corporate veil. Cohen LLC to help.

Judgment 52

Judgment Collections Garnishment Debtor 52

Collections Law

AUGUST 30, 2021

The entire goal of a commercial collection action is to obtain payment from a person or business that owes you money. The power of planning ahead One of the benefits of using pre-judgement attachments is that you can sometimes do so without giving notice to the debtor. The collections attorneys at the Law Offices of Alan M.

Collections 52

Collections Commercial Collection Debtor Banks 52

Collections Law

MAY 10, 2022

The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have been helping businesses successfully collect outstanding debt since 1994. Our other option is to wait until after we receive the judgment from the court, known as post-judgment collection. How do you collect after the judgment?

Judgment 52

Judgment Collections Debtor Commercial Collection 52

Collections Law

JANUARY 19, 2022

Though you always hope your customers will pay their bills on time, delinquent debtors are an unfortunate but normal part of doing business. Cohen LLC, our experienced commercial collection attorneys have been helping businesses recover debt since 1994. You can take steps to protect yourself and your company, however.

Collections 52

Collections Commercial Collection Lawyers Debtor 52

Collections Law

NOVEMBER 4, 2021

The commercial collection process can feel overwhelming sometimes. Prejudgment attachments allow us to identify the debtor’s assets before the court issues a judgment, which we can then seize to satisfy the judgment. This works best when your debtor is a cash-heavy business, such as a retail store or restaurant.

Collections 52

Collections Debtor Judgment Commercial Collection 52

Collections Law

FEBRUARY 14, 2022

An ex parte bank attachment Once we sue the debtor for the amount due, we have many methods of collection at our disposal. We can request that the court freeze the debtor’s bank accounts pending the outcome of the judgment hearing. This gives us direct access to the debtor’s money once we have our judgment in hand.

Collections 52

Collections Judgment Debtor Commercial Collection 52

Collections Law

DECEMBER 10, 2021

Collecting on bad debt is never as simple as it sounds, especially with commercial debt. Even once you have a judgment in hand, many debtors still do not pay willingly. One type of asset may be the debtor’s own accounts receivables. You have a legitimate claim against the debtor.

Judgment 52

Judgment Collections Debtor Commercial Collection 52

Collections Law

MAY 10, 2022

When you need to collect on a commercial debt, freezing the debtor’s bank account can be one of the most effective collection methods available. If approved by the court, your bank attachment sets aside money from your debtor’s bank accounts in order to pay your debt. At Law Offices of Alan M.

Banks 40

Banks Collections Debtor Judgment 40

Collections Law

MAY 12, 2022

More than that, however, is that you may pursue attachments to your debtor’s property in a variety of ways, either before or after you receive the judgment from the court. A judgment also puts you in line for payment if your debtor files for bankruptcy. The experienced commercial collection attorneys at Law Offices of Alan M.

Collections 52

Collections Judgment Debtor Commercial Collection 52

Direct Recovery

APRIL 18, 2023

In most cases, some qualifications and credentials will be required to distinguish that you are working with a reputable collection agent. Reasons Businesses Hire Debt Collectors Most businesses that hire commercial debt collectors do so to pursue non-payment of invoices and outstanding balances.

Collection Agent 52

Collection Agent Collections Debt collector Collection Agencies 52

FFGN COLLECT NY

MARCH 10, 2023

Strict adherence to federal, state, and city laws is required to collect consumer debt in New York State. Commercial Debt: The consumer protection laws referenced above do not apply to commercial collections. Other state rules apply with a lot of attention to the New York Uniform Commercial Code (UCC).

Debt collector 52

Debt collector Collections Judgment Enforcement Judgment 52

Collections Law

SEPTEMBER 24, 2020

The faster you move collecting commercial debt, the higher your chances of success. Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action.

Debt Recovery 40

Debt Recovery Lawyers Collections Commercial Collection 40

FFGN COLLECT NY

JANUARY 19, 2022

Work has changed in a lot of ways, but does the fact that so many New York businesses have switched to remote work affect the collectability of your collection claim? We’ve heard from some debtors that checks are cut on a schedule. At no time would a marshall or sheriff enter a private residence to collect a money judgment.

Collections 52

Collections Judgment Commercial Collection Debtor 52

Collections Law

SEPTEMBER 24, 2020

The faster you move collecting commercial debt, the higher your chances of success. Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action.

Debt Recovery 40

Debt Recovery Lawyers Collections Commercial Collection 40

Debt RR

AUGUST 3, 2020

Routine phone calls: Demand letters are a formal process that gives debt collectors leverage if they have to sue for the balance owed, but phone calls are the most common way commercial debt collection agencies will use to try to communicate with debtors. What Happens to Debt that is Sold to a Commercial Collection Agency?

Collection Agencies 43

Collection Agencies Collections Agency Debt collector Collections 43

Stevens Lloyd

SEPTEMBER 27, 2018

The sheriff can essentially put a bank garnishment into effect from the debtor company’s bank or seize property. By and large, a Writ of Execution is an effective means for creditors to recover monies against professional debtors who deliberately avoid paying their bills. Obtaining a Writ of Execution. Bank Levies.

Collections 40

Collections Garnishment Commercial Collection Debtor 40

Recoverity

SEPTEMBER 14, 2016

Philosophy” (Preserve Human Dignity), you’ll find no automated “robo-dialers” that leave multiple, irritating messages for debtors and do nothing to resolve the account. If our consumer / commercial collection agency sounds like a good fit for you. Find The Best Collection Agency For Your Business. * *.

Commercial Collection 40

Commercial Collection Collection Agencies Collections Agency Debt Recovery 40

Collections Law

APRIL 5, 2022

This means we examine the debtor’s financial assets and ask the court to secure them for collection before we receive the court’s judgment in your favor. We then pursue a judgment from the court in order to collect your money. At Law Offices of Alan M. Whenever possible, we explore prejudgment attachments.

Collections 52

Collections Credit Unions Credit Unions Judgment 52

Collections Law

JULY 1, 2020

You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. At the end of the day, a collection agency will collect only low-hanging fruit and tell you that there is nothing more that they can do to help you. Why Hire a Collections Attorney? The Law Offices of Alan M.

Mechanic’s Liens 52

Mechanic’s Liens Debt Recovery Collections Judgment 52

Jimerson Firm

NOVEMBER 16, 2020

Florida courts have established a two-part test to determine if a secured creditor “breached the peace” within the meaning of Section 679.609(2)(b) of the Florida Statutes: “(1) whether there was entry by the creditor upon the debtor’s premises; and (2) whether the debtor or one acting on his behalf consented to the entry and repossession.”

Secured Creditor 69

Secured Creditor Collateral Repossession Creditors 69