Corporate Debt Recovery in Georgia
If you’re tired of playing the wait-and-see game with your overdue customers and your collection agency in Altlanta, Georgia, it’s time to change the playbook! Consider using a commercial debt recovery firm instead. The business collection attorneys at Stevens and Ricci are proud to report that they can deliver a 72% recovery rate. If your current collection agency is typical, their collection rate is only about 28%. In addition to collecting more than an agency, we also get the job done faster! Expect to see results in 30 to 45 days if not less! If your offices are located near Augusta, GA or Marietta, GA, give us a call today to start the collection process.
Savannah, Georgia Collection Attorneys Succeed Where Others Fail
At Stevens and Ricci, our network of expert collection attorneys and private investigators succeeds where others fail because we never allow critical opportunities to pass us by. Your Atlanta, GA collection agency will make a few phone calls, but can’t go much further when they don’t get the response they were expecting. Our collection lawyers, on the other hand, will always go the extra mile to track down your debtor, regardless of their location, to collect on your accounts. Although our services stick with strictly pre-litigation collection methods, just the mention of a lawsuit is enough to make a difference. Let’s face it; a collection agency call doesn’t have the same impact as a conversation with one of our debt collection attorneys. At Stevens and Ricci, we have fully leveraged the strengths of both collection and legal experts to make sure that no opportunity is missed. Don’t miss your opportunity to have our corporate debt recovery network handle your next commercial claim in Augusta, Georgia!
Are Georgia Laws on Your Side?
Did you know that you only have four years to collect on an open account in Georgia? If you think this means from the date of the last payment, you have the wrong idea about this legislation. If the payment doesn’t come with a written statement acknowledging the debt, it’s from the date of the default instead. This means that you will usually have much less than four years to collect. Don’t let valuable time run out on your books! By using the Stevens and Ricci firm, your accounts will be collected using the most time-efficient method possible!
Marietta, Georgia Debt Collection Attorneys vs. Collection Agencies
By using an experienced debt collection attorney, you’ll have even more benefits than just saving time! In addition to consistently outperforming the typical collection agencies, a debt collection attorney has the knowledge and authority to use recovery strategies that aren’t available to a typical collection agency. Instead of stopping at voice mail, a business collection attorney will gain direct access to your debtor and his agents. When your debtor hires his own legal counsel, a collection agency will be out of their element. In comparison, a commercial debt recovery attorney welcomes this situation. The next move will be to actively seek out the debtor’s lawyer to take the negotiations even further. Continue reading to learn more about how the Stevens and Ricci firm can help you collect your debts in Savannah, GA.
Business Sales in Atlanta, Georgia
If you’ve ever had a delinquent account placed with a collection agency during a sale, you know what usually happens. They stamp the file with a big, red uncollectible label and hand it back to you. Not so at Stevens and Ricci. During liquidations, bankruptcies, mergers, and acquisitions, our collection lawyer will obtain the buy/sell agreement for analysis. After review, we often find that these legal documents include set-aside provisions or reserve allowances to cover unsecured debts that are open during the transaction.
Forbearance Agreements in Augusta, GA
When you have a long-term customer who’s having a little bit of financial trouble after years of paying their debts on time, you may be hesitant when trying to collect the money that you need to keep your own operation afloat. At Stevens and Ricci, we have a plan that can help both sides. We’ll draft a forbearance agreement that keeps your client’s other creditors from filing suit so that they can get their affairs in order. By lending a helping hand, we can make sure that your accounts are paid first and help keep your valuable customer in business. This win-win situation will guarantee that you retain a favored business partner if the situation is only temporary.
Case Study in Marietta, Georgia
One of our recent clients provides a wonderful example of how the services of Stevens and Ricci are far superior to a typical collection agency. Our client sold surgical equipment to a Georgia surgery center, but they were left with a large outstanding amount due when the surgery center closed up shop without leaving any contact information. To complicate matters, the surgery center was a corporate entity and our client had no personal guarantor behind the debt. In other words, there wasn’t a real person to go after.
Our client decided to do a little investigation of their own and began calling the surgical center’s references that were listed on their credit application. They found out that a large amount was also owed to another vender. The other company had run into a dead-end when they tried to place the account with a collection agency. Without a personal guarantor, the collection agency felt the debt was uncollectible due to the failed corporate status.
Because our client couldn’t afford to write off the debt, they contacted one of our offices and spoke to a debt collection attorney. We started off by interviewing employees at both our client’s location and the other vendor’s facility. Soon, we discovered that a local hospital administrator was both a personal friend and a business associate of the surgery center’s former owner. We obtained the surgeon’s name and the phone number to his private practice from this valuable contact.
During the phone call, our debt collection attorney was firm, but respectful. He discovered that the surgeon was trying to reopen the surgery center under a new corporate name with new investors. We convinced him to sign a Letter of Responsibility for our client’s equipment and repay the debt.
We were able to collect the amount due in full plus interest for our client although the debtor had absolutely no legal responsibility to pay the debt. This was a very different scenario from the other vendor’s experience with their collection agency. To make this situation even better, the new surgery center continues to be one of our client’s most valued customers and always pays their bills on time!
Corporate Debt Recovery in Georgia
If you’re tired of playing the wait-and-see game with your overdue customers and your collection agency in Altlanta, Georgia, it’s time to change the playbook! Consider using a commercial debt recovery firm instead. The business collection attorneys at Stevens and Ricci are proud to report that they can deliver a 72% recovery rate. If your current collection agency is typical, their collection rate is only about 28%. In addition to collecting more than an agency, we also get the job done faster! Expect to see results in 30 to 45 days if not less! If your offices are located near Augusta, GA or Marietta, GA, give us a call today to start the collection process.
Savannah, Georgia Collection Attorneys Succeed Where Others Fail
At Stevens and Ricci, our network of expert collection attorneys and private investigators succeeds where others fail because we never allow critical opportunities to pass us by. Your Atlanta, GA collection agency will make a few phone calls, but can’t go much further when they don’t get the response they were expecting. Our collection lawyers, on the other hand, will always go the extra mile to track down your debtor, regardless of their location, to collect on your accounts. Although our services stick with strictly pre-litigation collection methods, just the mention of a lawsuit is enough to make a difference. Let’s face it; a collection agency call doesn’t have the same impact as a conversation with one of our debt collection attorneys. At Stevens and Ricci, we have fully leveraged the strengths of both collection and legal experts to make sure that no opportunity is missed. Don’t miss your opportunity to have our corporate debt recovery network handle your next commercial claim in Augusta, Georgia!
Are Georgia Laws on Your Side?
Did you know that you only have four years to collect on an open account in Georgia? If you think this means from the date of the last payment, you have the wrong idea about this legislation. If the payment doesn’t come with a written statement acknowledging the debt, it’s from the date of the default instead. This means that you will usually have much less than four years to collect. Don’t let valuable time run out on your books! By using the Stevens and Ricci firm, your accounts will be collected using the most time-efficient method possible!
Marietta, Georgia Debt Collection Attorneys vs. Collection Agencies
By using an experienced debt collection attorney, you’ll have even more benefits than just saving time! In addition to consistently outperforming the typical collection agencies, a debt collection attorney has the knowledge and authority to use recovery strategies that aren’t available to a typical collection agency. Instead of stopping at voice mail, a business collection attorney will gain direct access to your debtor and his agents. When your debtor hires his own legal counsel, a collection agency will be out of their element. In comparison, a commercial debt recovery attorney welcomes this situation. The next move will be to actively seek out the debtor’s lawyer to take the negotiations even further. Continue reading to learn more about how the Stevens and Ricci firm can help you collect your debts in Savannah, GA.
Business Sales in Atlanta, Georgia
If you’ve ever had a delinquent account placed with a collection agency during a sale, you know what usually happens. They stamp the file with a big, red uncollectible label and hand it back to you. Not so at Stevens and Ricci. During liquidations, bankruptcies, mergers, and acquisitions, our collection lawyer will obtain the buy/sell agreement for analysis. After review, we often find that these legal documents include set-aside provisions or reserve allowances to cover unsecured debts that are open during the transaction.
Forbearance Agreements in Augusta, GA
When you have a long-term customer who’s having a little bit of financial trouble after years of paying their debts on time, you may be hesitant when trying to collect the money that you need to keep your own operation afloat. At Stevens and Ricci, we have a plan that can help both sides. We’ll draft a forbearance agreement that keeps your client’s other creditors from filing suit so that they can get their affairs in order. By lending a helping hand, we can make sure that your accounts are paid first and help keep your valuable customer in business. This win-win situation will guarantee that you retain a favored business partner if the situation is only temporary.
Case Study in Marietta, Georgia
One of our recent clients provides a wonderful example of how the services of Stevens and Ricci are far superior to a typical collection agency. Our client sold surgical equipment to a Georgia surgery center, but they were left with a large outstanding amount due when the surgery center closed up shop without leaving any contact information. To complicate matters, the surgery center was a corporate entity and our client had no personal guarantor behind the debt. In other words, there wasn’t a real person to go after.
Our client decided to do a little investigation of their own and began calling the surgical center’s references that were listed on their credit application. They found out that a large amount was also owed to another vender. The other company had run into a dead-end when they tried to place the account with a collection agency. Without a personal guarantor, the collection agency felt the debt was uncollectible due to the failed corporate status.
Because our client couldn’t afford to write off the debt, they contacted one of our offices and spoke to a debt collection attorney. We started off by interviewing employees at both our client’s location and the other vendor’s facility. Soon, we discovered that a local hospital administrator was both a personal friend and a business associate of the surgery center’s former owner. We obtained the surgeon’s name and the phone number to his private practice from this valuable contact.
During the phone call, our debt collection attorney was firm, but respectful. He discovered that the surgeon was trying to reopen the surgery center under a new corporate name with new investors. We convinced him to sign a Letter of Responsibility for our client’s equipment and repay the debt.
We were able to collect the amount due in full plus interest for our client although the debtor had absolutely no legal responsibility to pay the debt. This was a very different scenario from the other vendor’s experience with their collection agency. To make this situation even better, the new surgery center continues to be one of our client’s most valued customers and always pays their bills on time!
