Kentucky Debt Collection Attorneys
If you’re less than satisfied with the poor results that your Kentucky collection agency provides, consider using a corporate debt collection attorney instead. The firm of Stevens and Ricci delivers a 72% recovery rate. This is much higher than the 28% average recovery rate that the typical collection agency offers in Lexington, Kentucky. In addition to collecting a higher percentage of your commercial debts, we can collect it faster, too. Expect to see payments within 30 to 45 days on average. Give our offices in Lexington, KY or Louisville, KY a call today to find out how we can help bring your accounts current!
Lexington, Kentucky Collection Attorneys Succeed Where Others Fail
We never miss a critical opportunity at the Stevens and Ricci firm. This is the main reason that we succeed where standard collection agencies fail. Your collection agency’s standard operating procedure is to make a few phone calls and wait for someone to call back. A collection attorney will take the steps needed to track down your debtor, no matter where they may be, to start the repayment negotiation process. In addition to debt collection attorneys in every state, our national support network includes a team of private investigators. Although Stevens and Ricci concentrates on the pre-litigation side of the collection process, just the hint of a lawsuit is usually enough to make a difference in the recovery effort. After all, a conversation with a collection attorney will always carry more weight than a call from a collection agent. To make sure that no opportunity is missed, Stevens and Ricci has combined the collections and legal functions into one streamlined network. Don’t miss your opportunity to have Stevens and Ricci represent your Kentucky company in their next commercial claim!
Are Kentucky Laws there to Protect Your Company’s Interests?
In Kentucky, you have as little as five years or up to ten years to recover your debt depending on the circumstances. While this sounds like plenty of time, you may be surprised the first time someone tries to avoid paying their bill. It’s amazing how quickly time can fly by when you’re running a successful company. If the end of your timeframe is approaching, don’t waste more time on a typical collection agency. Instead, give us a call. The Stevens and Ricci firm provides the most efficient collection services available in the commercial collections industry.
Lexington, KY Debt Collection Attorneys vs. Collection Agencies
A debt collection attorney in Lexington, Kentucky can do more than just save time. In fact, they will outperform a standard collection agency each and every time. This is mostly due to having knowledge and authority that isn’t available to the typical collection agent. While a collection agent is usually stopped by voice mail and screened calls, a business debt attorney can gain direct access to your debtor and their agents. A collection agency is usually stopped immediately by the debtor if they decide to hire legal representation. In contrast, our debt collection attorneys welcome this development as a new way to advance the collection process. Continue reading to learn more about how a commercial debt recovery team can help resolve your issues in Louisville, Kentucky.
Consent Judgments in Louisville, KY
When your debtor in Louisville or Lexington, Kentucky agrees to a short-term payment plan, our collection lawyer can often strengthen the agreement by convincing the debtor to sign a legal document called a consent agreement. This contract allows the creditor to request an immediate judgment without stepping into the courtroom or paying any additional fees as soon as the first payment is missed. It allows the debtor’s bank account to be garnished for the entire amount due. In most cases, we already know the banking information from previous paperwork. This makes the process very simple and increases the chances of payment dramatically. In fact, you will be in a better position than the vast majority of secured creditors with a consent judgment.
Bounced Checks in Lexington, Kentucky
At times, companies are so glad to see a payment finally come in that they don’t give the check a second thought. However, a delinquent company is much more likely to pay you with a bad check by accident or on purpose. Be especially careful of any check with a low number. This indicates that the account is fairly new, and most bad checks are written on accounts that are less than a year old. When you receive a bad check, hold onto it until the debtor repays this debt in cash or secured funds along with any fees that you may have incurred. When you use the Stevens and Ricci firm to collect your commercial debts, you no longer have to worry about bounced checks. We will make sure the funds are collected in a secure manner before forwarding the payments to you or your agent.
Louisville, KY Case Study
More and more frequently, the Stevens and Ricci firm is seeing collection cases in which debtors are claiming they aren’t responsible for their debts because they have sold their company to another business.
One of our food supply clients places a $72,000 commercial account with us against a debtor in the restaurant business. The debtor, ABC Restaurant for this example, claimed that they sold the business to XYZ Restaurant, another alias, before our client sent out the invoices. Our client never knew about the sale, and continued to supply food items in good faith to the ABC entity.
Any typical collection agency would have given up and closed the account as uncollectible when this happened. However, the Stevens and Ricci firm went a step further and obtained a copy of the buy/sell agreement from the debtor’s legal team. This is something that the collection agency could never do. In this situation, a set-aside provision and reserve allowance was found in the sales documents that was intended to pay any unsecured creditor who held a balance during this business transaction. Our client’s invoices were paid in full under the terms of the buy/sell agreement.
Kentucky Debt Collection Attorneys
If you’re less than satisfied with the poor results that your Kentucky collection agency provides, consider using a corporate debt collection attorney instead. The firm of Stevens and Ricci delivers a 72% recovery rate. This is much higher than the 28% average recovery rate that the typical collection agency offers in Lexington, Kentucky. In addition to collecting a higher percentage of your commercial debts, we can collect it faster, too. Expect to see payments within 30 to 45 days on average. Give our offices in Lexington, KY or Louisville, KY a call today to find out how we can help bring your accounts current!
Lexington, Kentucky Collection Attorneys Succeed Where Others Fail
We never miss a critical opportunity at the Stevens and Ricci firm. This is the main reason that we succeed where standard collection agencies fail. Your collection agency’s standard operating procedure is to make a few phone calls and wait for someone to call back. A collection attorney will take the steps needed to track down your debtor, no matter where they may be, to start the repayment negotiation process. In addition to debt collection attorneys in every state, our national support network includes a team of private investigators. Although Stevens and Ricci concentrates on the pre-litigation side of the collection process, just the hint of a lawsuit is usually enough to make a difference in the recovery effort. After all, a conversation with a collection attorney will always carry more weight than a call from a collection agent. To make sure that no opportunity is missed, Stevens and Ricci has combined the collections and legal functions into one streamlined network. Don’t miss your opportunity to have Stevens and Ricci represent your Kentucky company in their next commercial claim!
Are Kentucky Laws there to Protect Your Company’s Interests?
In Kentucky, you have as little as five years or up to ten years to recover your debt depending on the circumstances. While this sounds like plenty of time, you may be surprised the first time someone tries to avoid paying their bill. It’s amazing how quickly time can fly by when you’re running a successful company. If the end of your timeframe is approaching, don’t waste more time on a typical collection agency. Instead, give us a call. The Stevens and Ricci firm provides the most efficient collection services available in the commercial collections industry.
Lexington, KY Debt Collection Attorneys vs. Collection Agencies
A debt collection attorney in Lexington, Kentucky can do more than just save time. In fact, they will outperform a standard collection agency each and every time. This is mostly due to having knowledge and authority that isn’t available to the typical collection agent. While a collection agent is usually stopped by voice mail and screened calls, a business debt attorney can gain direct access to your debtor and their agents. A collection agency is usually stopped immediately by the debtor if they decide to hire legal representation. In contrast, our debt collection attorneys welcome this development as a new way to advance the collection process. Continue reading to learn more about how a commercial debt recovery team can help resolve your issues in Louisville, Kentucky.
Consent Judgments in Louisville, KY
When your debtor in Louisville or Lexington, Kentucky agrees to a short-term payment plan, our collection lawyer can often strengthen the agreement by convincing the debtor to sign a legal document called a consent agreement. This contract allows the creditor to request an immediate judgment without stepping into the courtroom or paying any additional fees as soon as the first payment is missed. It allows the debtor’s bank account to be garnished for the entire amount due. In most cases, we already know the banking information from previous paperwork. This makes the process very simple and increases the chances of payment dramatically. In fact, you will be in a better position than the vast majority of secured creditors with a consent judgment.
Bounced Checks in Lexington, Kentucky
At times, companies are so glad to see a payment finally come in that they don’t give the check a second thought. However, a delinquent company is much more likely to pay you with a bad check by accident or on purpose. Be especially careful of any check with a low number. This indicates that the account is fairly new, and most bad checks are written on accounts that are less than a year old. When you receive a bad check, hold onto it until the debtor repays this debt in cash or secured funds along with any fees that you may have incurred. When you use the Stevens and Ricci firm to collect your commercial debts, you no longer have to worry about bounced checks. We will make sure the funds are collected in a secure manner before forwarding the payments to you or your agent.
Louisville, KY Case Study
More and more frequently, the Stevens and Ricci firm is seeing collection cases in which debtors are claiming they aren’t responsible for their debts because they have sold their company to another business.
One of our food supply clients places a $72,000 commercial account with us against a debtor in the restaurant business. The debtor, ABC Restaurant for this example, claimed that they sold the business to XYZ Restaurant, another alias, before our client sent out the invoices. Our client never knew about the sale, and continued to supply food items in good faith to the ABC entity.
Any typical collection agency would have given up and closed the account as uncollectible when this happened. However, the Stevens and Ricci firm went a step further and obtained a copy of the buy/sell agreement from the debtor’s legal team. This is something that the collection agency could never do. In this situation, a set-aside provision and reserve allowance was found in the sales documents that was intended to pay any unsecured creditor who held a balance during this business transaction. Our client’s invoices were paid in full under the terms of the buy/sell agreement.
