Illinois Debt Collection
If your company is not experiencing positive results from your regular collection agency in Illinois, consider using a debt collection attorney instead. With a 72% recovery rate compared to the much lower 28% success rate of an agency, the Stevens and Ricci firm can quickly make a difference in your positive cash flow. In most cases, our business debt recovery team can produce results in less than 45 days. If your debtor is located near Aurora or Bloomington, IL, give our collection attorneys a call today to get started.
Chicago, Illinois Collection Attorneys Succeed in Collecting Corporate Debt
Because the typical Illinois collection agent misses out on critical opportunities, Stevens and Ricci succeeds where they fail. Most collection agencies will stop after making a few phone calls, but our collection lawyers never stop at this point. Our team of collection experts includes business debt recovery lawyers as well as private investigators. When our calls aren’t returned, we’ll track your debtor down regardless of their location. While our commercial debt recovery network concentrates on pre-litigation recovery services, a call from a debt collection attorney always carries more weight than a message from a collection agent. By combining the collection and legal functions, no stone is left unturned when Stevens and Ricci is handling your corporate debt collections. Don’t miss your chance to let us represent your interests in the Chicago or Rockford, IL areas.
Illinois Laws Do Not Protect Commercial Creditors
In Illinois, your time is limited when your customer doesn’t pay their debts. If you can’t collect within five years from the time the contract was signed, your legal rights to your money end. By using the services of the Stevens and Ricci collection attorneys in the Peoria and Chicago, Illinois regions, you’ll be able to collect your debts in a timely manner and never need to worry about the statute of limitations restricting your options when it comes to business debt recovery.
Illinois Collection Agencies Don’t Compare Well to Debt Collection Attorneys
Not only do agencies collect at a slower pace than a debt collection attorney, they also fail to take advantage of many of the critical opportunities that the Stevens and Ricci firm specifically looks for. Most collection agents rely on phone calls to negotiate a payment plan. If no one returns their calls, they have no where else to turn. In contrast, our debt collection lawyers never give up just because someone ignores our calls. We will use our authority with the court system to force the debtor to appear in order to disclose their financial information. If your debtor decides to obtain legal counsel of their own, this forces most collection agencies to cease their efforts. Our business collection attorneys look forward to this development. We will contact the other lawyer’s office directly to advance the negotiations. Don’t miss out on your chance to use the services of the Stevens and Ricci firm in the Bloomington or Rockford, IL regions.
Bounced Checks in Peoria, IL
Once an account becomes past due in Illinois, the business owner should be even more worried about accepting a check for payment. While anyone is capable of making a mistake, worthless checks are even more common with a company that is in financial difficulty. Take care when accepting a check on a new account or one with low check numbers. Most bad checks are written on accounts that are less than one year old. If you do receive a bad check, don’t return it until you’ve received payment in full. Above all else, don’t accept another check from that specific customer. Insist on secured funds like cash, cashier’s check, or a money order. When you choose the Stevens and Ricci team, we’ll take care of all collection tasks for you. Bounced checks will no longer be one of your concerns.
The Stevens and Ricci Difference
When you use the Stevens and Ricci corporate debt collection firm, you’ll know that they never stop thinking of new ways to collect your commercial debts. Our private investigators go the extra mile to research your debtor’s other business partners including vendors, suppliers, and financial institutions. We will meet with the district attorney to prepare for judgment collections. If your debtor refuses to open the door for our process server, they will dress up like a delivery person to gain entry. It’s amazing how the door remains shut when someone appears to be a court official, but will open for someone in a different mode of dress. If nothing else works, our collection attorneys will work with your debtor’s legal counsel to create billable time. In many cases, this can be used to provide a new reason for settlement.
Illinois Case Study
One of our clients is a medical equipment manufacturer. A small hospital and surgery center received medical equipment from our client, but closed their doors without paying their $46,000 outstanding debt. The surgery center was a small start-up that leased their facility. After closing their doors, the facility reverted to the landlord and was re-leased to another medical practice tenant.
The Stevens and Ricci collection attorney who handled this case was familiar with the state Medicare laws that specify that Medicare proceeds and patient receivables were to be earmarked for secured creditors. Once our collection lawyer discovered that the debtor was in litigation to recover damages from a number of third parties, he knew that he had discovered his recovery strategy. If the debtor won the lawsuit, the substantial damages could possibly pay off all unsecured creditors in full.
To allow the debtor time to pursue the lawsuit, our business collection attorney convinced the other major creditors to delay their legal collection actions against the debtor. We drafted a forbearance agreement and presented it to the other major creditors. They agreed, the debtor won his lawsuit, and our client received a payment of $35,000 as settlement in full from the lawsuit proceeds eighteen months later. Without the knowledge of the Stevens and Ricci collection attorney, they may not have been able to collect at all.
Illinois Debt Collection
If your company is not experiencing positive results from your regular collection agency in Illinois, consider using a debt collection attorney instead. With a 72% recovery rate compared to the much lower 28% success rate of an agency, the Stevens and Ricci firm can quickly make a difference in your positive cash flow. In most cases, our business debt recovery team can produce results in less than 45 days. If your debtor is located near Aurora or Bloomington, IL, give our collection attorneys a call today to get started.
Chicago, Illinois Collection Attorneys Succeed in Collecting Corporate Debt
Because the typical Illinois collection agent misses out on critical opportunities, Stevens and Ricci succeeds where they fail. Most collection agencies will stop after making a few phone calls, but our collection lawyers never stop at this point. Our team of collection experts includes business debt recovery lawyers as well as private investigators. When our calls aren’t returned, we’ll track your debtor down regardless of their location. While our commercial debt recovery network concentrates on pre-litigation recovery services, a call from a debt collection attorney always carries more weight than a message from a collection agent. By combining the collection and legal functions, no stone is left unturned when Stevens and Ricci is handling your corporate debt collections. Don’t miss your chance to let us represent your interests in the Chicago or Rockford, IL areas.
Illinois Laws Do Not Protect Commercial Creditors
In Illinois, your time is limited when your customer doesn’t pay their debts. If you can’t collect within five years from the time the contract was signed, your legal rights to your money end. By using the services of the Stevens and Ricci collection attorneys in the Peoria and Chicago, Illinois regions, you’ll be able to collect your debts in a timely manner and never need to worry about the statute of limitations restricting your options when it comes to business debt recovery.
Illinois Collection Agencies Don’t Compare Well to Debt Collection Attorneys
Not only do agencies collect at a slower pace than a debt collection attorney, they also fail to take advantage of many of the critical opportunities that the Stevens and Ricci firm specifically looks for. Most collection agents rely on phone calls to negotiate a payment plan. If no one returns their calls, they have no where else to turn. In contrast, our debt collection lawyers never give up just because someone ignores our calls. We will use our authority with the court system to force the debtor to appear in order to disclose their financial information. If your debtor decides to obtain legal counsel of their own, this forces most collection agencies to cease their efforts. Our business collection attorneys look forward to this development. We will contact the other lawyer’s office directly to advance the negotiations. Don’t miss out on your chance to use the services of the Stevens and Ricci firm in the Bloomington or Rockford, IL regions.
Bounced Checks in Peoria, IL
Once an account becomes past due in Illinois, the business owner should be even more worried about accepting a check for payment. While anyone is capable of making a mistake, worthless checks are even more common with a company that is in financial difficulty. Take care when accepting a check on a new account or one with low check numbers. Most bad checks are written on accounts that are less than one year old. If you do receive a bad check, don’t return it until you’ve received payment in full. Above all else, don’t accept another check from that specific customer. Insist on secured funds like cash, cashier’s check, or a money order. When you choose the Stevens and Ricci team, we’ll take care of all collection tasks for you. Bounced checks will no longer be one of your concerns.
The Stevens and Ricci Difference
When you use the Stevens and Ricci corporate debt collection firm, you’ll know that they never stop thinking of new ways to collect your commercial debts. Our private investigators go the extra mile to research your debtor’s other business partners including vendors, suppliers, and financial institutions. We will meet with the district attorney to prepare for judgment collections. If your debtor refuses to open the door for our process server, they will dress up like a delivery person to gain entry. It’s amazing how the door remains shut when someone appears to be a court official, but will open for someone in a different mode of dress. If nothing else works, our collection attorneys will work with your debtor’s legal counsel to create billable time. In many cases, this can be used to provide a new reason for settlement.
Illinois Case Study
One of our clients is a medical equipment manufacturer. A small hospital and surgery center received medical equipment from our client, but closed their doors without paying their $46,000 outstanding debt. The surgery center was a small start-up that leased their facility. After closing their doors, the facility reverted to the landlord and was re-leased to another medical practice tenant.
The Stevens and Ricci collection attorney who handled this case was familiar with the state Medicare laws that specify that Medicare proceeds and patient receivables were to be earmarked for secured creditors. Once our collection lawyer discovered that the debtor was in litigation to recover damages from a number of third parties, he knew that he had discovered his recovery strategy. If the debtor won the lawsuit, the substantial damages could possibly pay off all unsecured creditors in full.
To allow the debtor time to pursue the lawsuit, our business collection attorney convinced the other major creditors to delay their legal collection actions against the debtor. We drafted a forbearance agreement and presented it to the other major creditors. They agreed, the debtor won his lawsuit, and our client received a payment of $35,000 as settlement in full from the lawsuit proceeds eighteen months later. Without the knowledge of the Stevens and Ricci collection attorney, they may not have been able to collect at all.
