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3 reasons to use post-judgment litigation in collections

Collections Law

But if a business owner uses the company’s assets for their own gain, you may be able to go after their personal assets to collect a debt. You need to garnish their wages If a debtor has few assets you can collect, you may need to garnish their wages. This is called piercing the corporate veil. Cohen LLC to help.

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A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

What Happens to Debt that is Sold to a Commercial Collection Agency? Businesses can expect a few things when their debt is sold to a commercial collection agency. In extenuating circumstances, the commercial debt collection agency might work with the creditor to file a lawsuit against the debtor.

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Advanced Debt Collection Techniques, Part Two

Stevens Lloyd

At the Stevens-Lloyd Group, in addition to utilizing our unique blend of incorporating phone calls, strong written communication skills and litigation, we also utilize more advanced debt collection techniques. These include Writs of Execution, Bank levies, and Wage garnishments. What are Wage Garnishments?

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Commercial Debt Collection for Businesses – 2023 Guide

Direct Recovery

The commercial debt collection process typically involves everything from communicating with debtors about the amounts owed and negotiating payment terms to pursuing legal action and obtaining a judgment against a debtor and garnishing their wages. In most cases, they do not apply to business debts.

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How Our Business Collection Attorneys Domesticate and Enforce Foreign Judgments Against Debtors

Collections Law

Thanks to our combined almost 50 years of experience as commercial litigators focusing on bringing home the bacon to our clients, we know which practices may be the most effective when it comes to getting you paid.

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How to Get a Deficiency Judgment After a Foreclosure Sale

Jimerson Firm

When the lender receives a deficiency judgment from the court, it can proceed to collect on that judgment against the borrower using conventional collection methods. For example, the lender can get a judgment lien against the borrower’s personal property, garnish the borrower’s wages, and/or levy the borrower’s bank accounts.

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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

An experienced collections attorney will do more than merely advise you on what you need to do. Instead, they will help you collect on the debt by filing a lawsuit against the debtor, seeking and obtaining attachments on the debtor’s assets, and even garnishing their wages post-judgment so that you can get paid for your judgment debt.