In the face of today's changing economic climate, recognizing and managing future risks becomes a priority for credit professionals. Stevens & Ricci business credit solutions can provide a business with products and services to enhance cash flow. For corporate education, see our Resource Center. For third party collection services, see our section on Commercial Debt Recovery.
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Arkansas Commercial Recovery Attorneys

Arkanas Commercial Recovery Attorneys
Using a typical collection agency in Arkansas can be less than satisfying. If you would like to experience the cash flow benefits of working with a commercial debt recovery attorney, contact the firm of Stevens & Ricci. With our special expertise in business debt collection, you will find that our 72% average recovery rate will compare favorably to the 28% rate that most collection agencies provide. You’ll be pleasantly surprised when you find that not only do we collect more commercial debt, but that we also provide faster results at lower contingent rates. Call our offices today to take advantage of a debt collection attorney in the Fayetteville or Little Rock areas.
Business Collection Attorneys Get Results
As a business collection attorney, we never miss the critical opportunities that are often overlooked by collection agencies. While their bank of collectors will rely on the debtor returning a phone call, our collection lawyer will take every step necessary to locate the debtor for payment negotiations. The Stevens & Ricci network of corporate debt collection specialists includes both private investigators and collection attorneys to leave no stone unturned during the corporate debt recovery process. While your past-due receivable may be located in Fayetteville, AR or Little Rock, AR, our network extends into every state of the Union. Although Stevens & Ricci concentrates on pre-litigation collection services, we find that we can usually collect without the expense of taking a business debt recovery matter to the courtroom. Don’t miss your opportunity to use the combined collection and legal expertise of Stevens & Ricci for your next commercial debt collection claim.
Arkansas Laws Do Not Protect the Business Owner
In Arkansas, the business owner is at a disadvantage when trying to collect debts from their customers. The Arkansas statue of limitations only provides for two years to collect on a medical debt, three years to collect on a verbal contract, and five years to collect on a written contract. Judgments are good for 10 years. After the time limits expire, you will not be able to collect the debt. As you can see, time is not on your side when pursuing commercial debts. For the fastest results, consider hiring professional debt collection attorneys to settle your outstanding accounts.
Debt Collection Lawyers Compared to Collection Agencies
An experienced collection attorney in Fayetteville or Little Rock can save your business time and money by using their knowledge and authority to recover commercial debts through collection strategies that are unheard of with a standard collection agency. Instead of stopping at voice mail, a collection attorney will arrange for a face-to-face meeting with owners and their agents. While a collection agency will stop all collection efforts when faced with a debtor’s lawyer, the debt collection attorneys at Steven & Ricci welcome this situation. We will actively seek out the debtor’s lawyer for more extensive negotiations. The following sections describe just a few additional advantages that come with the services of an experienced corporate debt recovery attorney.
Pursuing Principals
By using the theory of liability and alter-egos, debt collection attorneys can collect debt from business owners. If an individual is found to be hiding behind a corporate veil by running up debt in the corporate name before closing a business, this is fraudulent financial activity. When a business owner uses personal checking accounts to pay for corporate expenses, our attorneys will argue that the owner personally owes the debt due to forming an illegal corporation.
Consent Judgments
The Steven & Ricci business collection attorneys can often persuade a debtor to sign a consent judgment after they agree to a short-term payment plan. This is a legal document that allows the creditor to request an immediate judgment if a single payment is missed. With this plan, there is no need to go to court or pay additional fees. Because the debtor’s bank account is listed in the payment plan, we can immediately seize funds to pay the debt. With a consent judgment, you will be in a better position than your debtor’s secured creditors.
Business Sales
In the event of a liquidation, bankruptcy, merger, or acquisition, the typical collection agency would be at a loss. They would never be able to find the information necessary to know how to move forward. However, an experienced debt collection attorney can force the company to provide the buy/sell agreement. This document often has a set aside provision or reserve allowance to pay the balances owed to unsecured creditors.
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Arkansas Case Study
One of the Stevens & Ricci clients located near our Little Rock, Arkansas office had a common problem. Their customer had driven up a large debt before selling the company. When our client tried to collect the debt, they claimed that they were no longer responsible for the debt because of the sale.
Our Little Rock client could not afford to lose the $72,000 that was owed by their debtor, ABC Company, simply because they claimed that the business was sold to XYZ Company prior to the date of our client’s invoice. Of course, our client was never notified of the transition, and XYZ Company also denied responsibility.
Most collection agencies would have given up at this point and placed the account in the uncollectible file. At Stevens & Ricci, we never give up that easy. To be fair, a normal collection agency doesn’t have the leverage to force either ABC or XYZ Companies to provide a copy of the buy/sell agreement. However, our attorneys know exactly how to get a copy. We contacted the debtor’s attorney and convinced them to messenger a copy to our office. After examining the document, we found a set-aside provision and a reserve allowance for unsecured creditors who are owed a balance during the transaction.
Our client’s invoice was paid in full under the terms of the buy/sell agreement. We can only guess that the results would not have been positive if they had chosen a standard collection agency.

Arkansas Commercial Recovery Attorneys

Using a typical collection agency in Arkansas can be less than satisfying. If you would like to experience the cash flow benefits of working with a commercial debt recovery attorney, contact the firm of Stevens & Ricci. With our special expertise in business debt collection, you will find that our 72% average recovery rate will compare favorably to the 28% rate that most collection agencies provide. You’ll be pleasantly surprised when you find that not only do we collect more commercial debt, but that we also provide faster results at lower contingent rates. Call our offices today to take advantage of a debt collection attorney in the Fayetteville or Little Rock areas.

Business Collection Attorneys Get Results

As a business collection attorney, we never miss the critical opportunities that are often overlooked by collection agencies. While their bank of collectors will rely on the debtor returning a phone call, our collection lawyer will take every step necessary to locate the debtor for payment negotiations. The Stevens & Ricci network of corporate debt collection specialists includes both private investigators and collection attorneys to leave no stone unturned during the corporate debt recovery process. While your past-due receivable may be located in Fayetteville, AR or Little Rock, AR, our network extends into every state of the Union. Although Stevens & Ricci concentrates on pre-litigation collection services, we find that we can usually collect without the expense of taking a business debt recovery matter to the courtroom. Don’t miss your opportunity to use the combined collection and legal expertise of Stevens & Ricci for your next commercial debt collection claim.

Arkansas Laws Do Not Protect the Business Owner

In Arkansas, the business owner is at a disadvantage when trying to collect debts from their customers. The Arkansas statue of limitations only provides for two years to collect on a medical debt, three years to collect on a verbal contract, and five years to collect on a written contract. Judgments are good for 10 years. After the time limits expire, you will not be able to collect the debt.  As you can see, time is not on your side when pursuing commercial debts. For the fastest results, consider hiring professional debt collection attorneys to settle your outstanding accounts.

Debt Collection Lawyers Compared to Collection Agencies

An experienced collection attorney in Fayetteville or Little Rock can save your business time and money by using their knowledge and authority to recover commercial debts through collection strategies that are unheard of with a standard collection agency. Instead of stopping at voice mail, a collection attorney will arrange for a face-to-face meeting with owners and their agents. While a collection agency will stop all collection efforts when faced with a debtor’s lawyer, the debt collection attorneys at Steven & Ricci welcome this situation. We will actively seek out the debtor’s lawyer for more extensive negotiations. The following sections describe just a few additional advantages that come with the services of an experienced corporate debt recovery attorney.

Pursuing Principals

By using the theory of liability and alter-egos, debt collection attorneys can collect debt from business owners. If an individual is found to be hiding behind a corporate veil by running up debt in the corporate name before closing a business, this is fraudulent financial activity. When a business owner uses personal checking accounts to pay for corporate expenses, our attorneys will argue that the owner personally owes the debt due to forming an illegal corporation.

Consent Judgments

The Steven & Ricci business collection attorneys can often persuade a debtor to sign a consent judgment after they agree to a short-term payment plan. This is a legal document that allows the creditor to request an immediate judgment if a single payment is missed. With this plan, there is no need to go to court or pay additional fees. Because the debtor’s bank account is listed in the payment plan, we can immediately seize funds to pay the debt. With a consent judgment, you will be in a better position than your debtor’s secured creditors.

Business Sales

In the event of a liquidation, bankruptcy, merger, or acquisition, the typical collection agency would be at a loss. They would never be able to find the information necessary to know how to move forward. However, an experienced debt collection attorney can force the company to provide the buy/sell agreement. This document often has a set aside provision or reserve allowance to pay the balances owed to unsecured creditors.

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Arkansas Case Study

One of the Stevens & Ricci clients located near our Little Rock, Arkansas office had a common problem. Their customer had driven up a large debt before selling the company. When our client tried to collect the debt, they claimed that they were no longer responsible for the debt because of the sale.

Our Little Rock client could not afford to lose the $72,000 that was owed by their debtor, ABC Company, simply because they claimed that the business was sold to XYZ Company prior to the date of our client’s invoice. Of course, our client was never notified of the transition, and XYZ Company also denied responsibility.

Most collection agencies would have given up at this point and placed the account in the uncollectible file. At Stevens & Ricci, we never give up that easy. To be fair, a normal collection agency doesn’t have the leverage to force either ABC or XYZ Companies to provide a copy of the buy/sell agreement. However, our attorneys know exactly how to get a copy. We contacted the debtor’s attorney and convinced them to messenger a copy to our office. After examining the document, we found a set-aside provision and a reserve allowance for unsecured creditors who are owed a balance during the transaction.

Our client’s invoice was paid in full under the terms of the buy/sell agreement. We can only guess that the results would not have been positive if they had chosen a standard collection agency.

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