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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Connecticut Commercial Debt Collection Attorneys

Connecticut Commercial Debt Collection Attorneys
The commercial debt recovery process can be a frustrating endeavor in Connecticut. Most companies contract with collection agencies that do very little for the fees that they charge. If this is your current experience, consider using a collection lawyer instead. The Corporate debt recovery firm of Stevens and Ricci can deliver a recovery rate that is three times higher than the typical collection agency. Not only will we collect a higher percentage of the funds owed to your business, but our business debt collection process also shows results in less than 45 days. If your business is located near the Fairfield, Bridgeport, Hamden, or Hartford areas of Connecticut, give us a call today to take your corporate debt collection process to the next level.
Debt Collection Attorneys Make a Difference in Meriden, New Haven, Stanford, and West Haven
If you’ve never used a business collection attorney for your commercial debt collection efforts, you’ve been missing out on a valuable resource. Instead of relying on the debtor to respond to phone calls, the collection attorney will use the extensive Stevens & Ricci support network’s resources to locate the debtor regardless of their location. This could involve private investigators or the help of collection lawyers in other states. They will literally do whatever it takes to speak to the debtor and begin payment negotiations. Although Stevens & Ricci offers pre-litigation collection services, we find that a discussion with an actual collection attorney puts a level of importance on the business debt recovery process that a mere collection agency worker could never provide. When you contract the services of Stevens & Ricci, you’ll be able to fully leverage the unique combination of collection and legal expertise to take advantage of every possible opportunity. Don’t miss out on your chance to utilize our skills for your next commercial claim.
Connecticut Laws Do Not Protect the Commercial Creditor
If your business operates in Connecticut, you have six years to collect debts that are documented by a written contract and three years for oral contracts. If a client pays their debt with a bad check, criminal sanctions can be enforced, but this doesn’t pay your bills. The civil penalties are rarely worth a trip to court. You will be able to charge a $30 service fee, but the court will determine the penalty. In most cases, it is less than the amount of the worthless check. When you use the service of business collection attorneys in New Haven, Stanford, or Hartford, CT, you won’t have to worry about wasted time or worthless checks.
A Debt Collection Attorney vs. the Collection Agency
A collection agency in West Haven or Bridgeport, CT will not compare well to the services of collection lawyers. In addition to saving collection time, an experienced debt collection attorney will have the knowledge and the authority to use recovery strategies that are not available to the typical collection agency. Unlike a collection agent, the business collection attorney will not stop at voice mail. They will use their authority with the courts to gain direct access to the business owner and their agents. If a debtor retains a lawyer, most collection agencies immediately stop their collection efforts. At Stevens & Ricci, our collection lawyers welcome this development. We will actively seek to meet with your customer’s lawyer in order to move negotiations further along. The following text details just a few of the additional advantages that you will receive by retaining a corporate debt collection attorney.
Forbearance Agreements
In an example of compassionate collections, the debt recovery attorney works with the debtor to keep their business in operation so that they can repay their debts. By preventing other creditors from filing suit, a win-win situation is created. Our client will receive preferential repayment terms and has avoided expensive litigation. Their customer has been able to keep their doors open and will frequently continue to be a valued business partner.
Miscellaneous Strategies
Sometimes, a particularly tricky corporate debt situation will require creative strategies on the part of the Steven & Ricci collection network. In some cases, our private investigators will contact the debtor’s other business partners including vendors, suppliers, and financial institutions. If a debtor continues to dodge our process server, they may disguise their appearance to serve the paperwork. Someone who appears to be a pizza or package delivery person will often find that an otherwise locked door will suddenly open. Sometimes, our corporate recovery attorneys will work with the debtor’s lawyer in a way that creates billable time. This new debt can be a reason for settlement.
Bounced Checks
If your debtor is having problems paying their debts, they may be very close to a negative checking account balance. If their check bounces, it could create new problems. When accepting a check for a debt, be wary of accepting one with a low number. Most bad checks are written on new accounts. Never return a bad check to the debtor before you’ve received a full payment in cash, money order, or cashier’s check. You can eliminate this problem by using one of the business debt lawyers from the firm of Steven & Ricci. We will make sure that all funds are paid in a secure manner.
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Connecticut Case Study
One of our clients near the New Haven, Connecticut area had a collection problem with a small hospital and surgery center. Their customer had purchased $46,000 worth of equipment to start their practice. The landlord had built the facility especially for the new practice and leased it to the doctor. A year later, the center went out of business, and the landlord took possession of the facility. It was soon re-leased to a new medical practice.
The debt was considered a secured loan because it represented the purchase of durable medical equipment. The Stevens & Ricci attorney assigned to this claim knew that state Medicare proceeds and payment receivables were earmarked for secured creditors and lenders. Our attorney also discovered that the original debtor was involved in several lawsuits to recover damages from various third parties. If the debtor was successful, the damages would lead to paying off unsecured creditors.
Because it would be to our benefit to stall the other creditor’s intent to sue the debtor so that the debtor could put his affairs in order, we drafted a forbearance agreement and presented it to the other unsecured creditors. As a result, Stevens & Ricci collected $35,000 as settlement in full for our client from the lawsuit proceeds 18 months later.

Connecticut Commercial Debt Collection Attorneys

The commercial debt recovery process can be a frustrating endeavor in Connecticut. Most companies contract with collection agencies that do very little for the fees that they charge. If this is your current experience, consider using a collection lawyer instead. The Corporate debt recovery firm of Stevens and Ricci can deliver a recovery rate that is three times higher than the typical collection agency. Not only will we collect a higher percentage of the funds owed to your business, but our business debt collection process also shows results in less than 45 days. If your business is located near the Fairfield, Bridgeport, Hamden, or Hartford areas of Connecticut, give us a call today to take your corporate debt collection process to the next level.

Debt Collection Attorneys Make a Difference in Meriden, New Haven, Stanford, and West Haven

If you’ve never used a business collection attorney for your commercial debt collection efforts, you’ve been missing out on a valuable resource. Instead of relying on the debtor to respond to phone calls, the collection attorney will use the extensive Stevens & Ricci support network’s resources to locate the debtor regardless of their location. This could involve private investigators or the help of collection lawyers in other states. They will literally do whatever it takes to speak to the debtor and begin payment negotiations. Although Stevens & Ricci offers pre-litigation collection services, we find that a discussion with an actual collection attorney puts a level of importance on the business debt recovery process that a mere collection agency worker could never provide. When you contract the services of Stevens & Ricci, you’ll be able to fully leverage the unique combination of collection and legal expertise to take advantage of every possible opportunity. Don’t miss out on your chance to utilize our skills for your next commercial claim.

Connecticut Laws Do Not Protect the Commercial Creditor

If your business operates in Connecticut, you have six years to collect debts that are documented by a written contract and three years for oral contracts. If a client pays their debt with a bad check, criminal sanctions can be enforced, but this doesn’t pay your bills. The civil penalties are rarely worth a trip to court. You will be able to charge a $30 service fee, but the court will determine the penalty. In most cases, it is less than the amount of the worthless check. When you use the service of business collection attorneys in New Haven, Stanford, or Hartford, CT, you won’t have to worry about wasted time or worthless checks.

A Debt Collection Attorney vs. the Collection Agency

A collection agency in West Haven or Bridgeport, CT will not compare well to the services of collection lawyers. In addition to saving collection time, an experienced debt collection attorney will have the knowledge and the authority to use recovery strategies that are not available to the typical collection agency. Unlike a collection agent, the business collection attorney will not stop at voice mail. They will use their authority with the courts to gain direct access to the business owner and their agents. If a debtor retains a lawyer, most collection agencies immediately stop their collection efforts. At Stevens & Ricci, our collection lawyers welcome this development. We will actively seek to meet with your customer’s lawyer in order to move negotiations further along. The following text details just a few of the additional advantages that you will receive by retaining a corporate debt collection attorney.

Forbearance Agreements

In an example of compassionate collections, the debt recovery attorney works with the debtor to keep their business in operation so that they can repay their debts. By preventing other creditors from filing suit, a win-win situation is created. Our client will receive preferential repayment terms and has avoided expensive litigation. Their customer has been able to keep their doors open and will frequently continue to be a valued business partner.

Miscellaneous Strategies

Sometimes, a particularly tricky corporate debt situation will require creative strategies on the part of the Steven & Ricci collection network. In some cases, our private investigators will contact the debtor’s other business partners including vendors, suppliers, and financial institutions. If a debtor continues to dodge our process server, they may disguise their appearance to serve the paperwork. Someone who appears to be a pizza or package delivery person will often find that an otherwise locked door will suddenly open. Sometimes, our corporate recovery attorneys will work with the debtor’s lawyer in a way that creates billable time. This new debt can be a reason for settlement.

Bounced Checks

If your debtor is having problems paying their debts, they may be very close to a negative checking account balance. If their check bounces, it could create new problems. When accepting a check for a debt, be wary of accepting one with a low number. Most bad checks are written on new accounts. Never return a bad check to the debtor before you’ve received a full payment in cash, money order, or cashier’s check. You can eliminate this problem by using one of the business debt lawyers from the firm of Steven & Ricci. We will make sure that all funds are paid in a secure manner.

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Connecticut Case Study

One of our clients near the New Haven, Connecticut area had a collection problem with a small hospital and surgery center. Their customer had purchased $46,000 worth of equipment to start their practice. The landlord had built the facility especially for the new practice and leased it to the doctor. A year later, the center went out of business, and the landlord took possession of the facility. It was soon re-leased to a new medical practice.

The debt was considered a secured loan because it represented the purchase of durable medical equipment. The Stevens & Ricci attorney assigned to this claim knew that state Medicare proceeds and payment receivables were earmarked for secured creditors and lenders. Our attorney also discovered that the original debtor was involved in several lawsuits to recover damages from various third parties. If the debtor was successful, the damages would lead to paying off unsecured creditors.

Because it would be to our benefit to stall the other creditor’s intent to sue the debtor so that the debtor could put his affairs in order, we drafted a forbearance agreement and presented it to the other unsecured creditors. As a result, Stevens & Ricci collected $35,000 as settlement in full for our client from the lawsuit proceeds 18 months later.

Arkansas Commercial Recovery Attorneys »