Massachusetts Debt Collection Lawyers
If you’re unsatisfied with the results that the typical Massachusetts’ collection agency offers, you should consider using the commercial debt recovery firm of Stevens and Ricci. Compared to the very low 28% recovery rate that the average collection company provides, we are able to collect 72% of the debt placed in our hands. We will also greatly reduce the total corporate debt collection timeframe. Instead of waiting months to see the money that you have been owed for years, we can usually turn an account around in 30 to 45 days or less. Contact our Boston or Cambridge offices today to get the corporate debt recovery process started.
Stevens and Ricci Succeeds Where Others Fail
The typical collection agency often fails because they miss critical opportunities. They will make a few phone calls, leave voice mails, send a notice or two, and declare the debt uncollectible. In contrast, our debt collection attorneys consider a friendly phone call just the start. They have access to our national network of business debt recovery experts that includes private investigators in addition to collection lawyers located in other states. Regardless of their location, our resources will track down your corporate debtors to begin critical payment negotiations. Stevens and Ricci offers primarily pre-litigation corporate debt recovery solutions, but just the hint of a lawsuit will usually draw the proper attention to the debt in question. By combining collections and legal functions, our business debt collection team offers the very best opportunity to collect on corporate debts. Call our Dedham, Lawrence, Lowell, or Plymouth, MA offices today to collect your next commercial claim.
Massachusetts Doesn’t Offer Relief for Corporate Debt Problems
Whether your main operation is in Quincy, Randolph, Springfield, Worcester, or Waltham, the legal process for corporate debt collections will be the same. Your business will only have three years to recover property and six years to collect on accounts with outstanding balances backed by either oral or written contracts. Instead of wasting valuable time with a standard collection agency, hire a business collection attorney instead. Keep in mind that time may be running out while you try to collect the debt on your own or use a standard collection agency.
Collection Attorneys Outperform Massachusetts’ Collection Agencies
When you choose to work with business collection attorneys instead of a collection agency, you’ll experience many advantages in addition to saving time. A Stevens and Ricci debt collection attorney will outperform a traditional collector every time. They have both the knowledge and the authority to force debtors and their agents to physically appear for face-to-face negotiations when phone conversations fail. Once a debtor retains legal counsel, they can usually stop a collection agency in its tracks. However, our collection attorney will welcome this development and actively seek out the debtor’s lawyer to continue negotiations at a more aggressive level. Read through the remaining sections to learn more about how a collection lawyer can make a difference in your corporate debt recovery efforts.
Forbearance Agreements
Forbearance agreements are a type of compassionate commercial debt collection that often helps the debtor as much as it helps our client. In this commercial debt recovery strategy, the Stevens and Ricci collection lawyer will help the debtor to stay in business while they restructure their debt. By preventing other creditors from filing suit, our client’s payment position is improved and costly lawsuits are avoided. This is definitely a win-win situation that works to everyone’s advantage. In many cases, the original debtor continues to do business with our client.
Miscellaneous Strategies
The debt collection attorneys at Stevens and Ricci can definitely add creativity to their list of accomplishments. They will often hire a private investigator to identify and research a debtor’s other business partners including financial institutions, suppliers, and vendors. Public records are often examined for further information, and they may decide to meet with the local district attorney before collecting on a judgment. For debtors who are also creative, our attorneys may use unusual means to successfully serve the required paperwork. Our process servers often find that a creative disguise will open doors that have remained locked during past attempts. If all else fails, our corporate debt collection attorneys may decide to work with the debtor’s counsel and bill the time as an additional debt as a new strategy to ask for settlement.
Bounced Checks
When you allow a Stevens and Ricci collection attorney to collect your payments, you won’t have to worry about bounced checks. They will make sure that each payment is sent in a secure manner before forwarding the funds to your company. If you do choose to accept checks, make sure that you are careful. Most bad checks are written on new accounts that are less than a year old. Be careful about accepting any check with a low number. If you do end up with a bad check, don’t return it to the writer without receiving payment in cash, money order, or certified check.
Massachusetts Case Study
In 2004, one of our Massachusetts’ clients, a materials supplier, contacted us with a $25,000 overdue account owed to them by a soil stabilization company. They had been paid for the materials, but were owed for the associated sales tax. Due to a contract disagreement, the debtor argued that our client should pay the sales tax themselves.
When we couldn’t collect the debt, we placed it in the cold case file because the debtor had a relatively-strong case against paying the debt. Of course, we did report it to the two major commercial credit bureaus.
In 2010, the debtor’s representative contacted our offices to find out why they had a negative item from 2004 on their credit report. Once they were informed of the nature of the claim, they requested documentation that our client actually paid the sales tax, a very different response from their 2004 request that our client absorb the expense as compensation for an unresolved problem. The final resolution resulted in the debtor paying $20,000 to our client to clear their company’s credit report. A six-year-old debt was settled through the professional efforts of a Stevens & Ricci debt collection attorney.
Massachusetts Debt Collection Lawyers
If you’re unsatisfied with the results that the typical Massachusetts’ collection agency offers, you should consider using the commercial debt recovery firm of Stevens and Ricci. Compared to the very low 28% recovery rate that the average collection company provides, we are able to collect 72% of the debt placed in our hands. We will also greatly reduce the total corporate debt collection timeframe. Instead of waiting months to see the money that you have been owed for years, we can usually turn an account around in 30 to 45 days or less. Contact our Boston or Cambridge offices today to get the corporate debt recovery process started.
Stevens and Ricci Succeeds Where Others Fail
The typical collection agency often fails because they miss critical opportunities. They will make a few phone calls, leave voice mails, send a notice or two, and declare the debt uncollectible. In contrast, our debt collection attorneys consider a friendly phone call just the start. They have access to our national network of business debt recovery experts that includes private investigators in addition to collection lawyers located in other states. Regardless of their location, our resources will track down your corporate debtors to begin critical payment negotiations. Stevens and Ricci offers primarily pre-litigation corporate debt recovery solutions, but just the hint of a lawsuit will usually draw the proper attention to the debt in question. By combining collections and legal functions, our business debt collection team offers the very best opportunity to collect on corporate debts. Call our Dedham, Lawrence, Lowell, or Plymouth, MA offices today to collect your next commercial claim.
Massachusetts Doesn’t Offer Relief for Corporate Debt Problems
Whether your main operation is in Quincy, Randolph, Springfield, Worcester, or Waltham, the legal process for corporate debt collections will be the same. Your business will only have three years to recover property and six years to collect on accounts with outstanding balances backed by either oral or written contracts. Instead of wasting valuable time with a standard collection agency, hire a business collection attorney instead. Keep in mind that time may be running out while you try to collect the debt on your own or use a standard collection agency.
Collection Attorneys Outperform Massachusetts’ Collection Agencies
When you choose to work with business collection attorneys instead of a collection agency, you’ll experience many advantages in addition to saving time. A Stevens and Ricci debt collection attorney will outperform a traditional collector every time. They have both the knowledge and the authority to force debtors and their agents to physically appear for face-to-face negotiations when phone conversations fail. Once a debtor retains legal counsel, they can usually stop a collection agency in its tracks. However, our collection attorney will welcome this development and actively seek out the debtor’s lawyer to continue negotiations at a more aggressive level. Read through the remaining sections to learn more about how a collection lawyer can make a difference in your corporate debt recovery efforts.
Forbearance Agreements
Forbearance agreements are a type of compassionate commercial debt collection that often helps the debtor as much as it helps our client. In this commercial debt recovery strategy, the Stevens and Ricci collection lawyer will help the debtor to stay in business while they restructure their debt. By preventing other creditors from filing suit, our client’s payment position is improved and costly lawsuits are avoided. This is definitely a win-win situation that works to everyone’s advantage. In many cases, the original debtor continues to do business with our client.
Miscellaneous Strategies
The debt collection attorneys at Stevens and Ricci can definitely add creativity to their list of accomplishments. They will often hire a private investigator to identify and research a debtor’s other business partners including financial institutions, suppliers, and vendors. Public records are often examined for further information, and they may decide to meet with the local district attorney before collecting on a judgment. For debtors who are also creative, our attorneys may use unusual means to successfully serve the required paperwork. Our process servers often find that a creative disguise will open doors that have remained locked during past attempts. If all else fails, our corporate debt collection attorneys may decide to work with the debtor’s counsel and bill the time as an additional debt as a new strategy to ask for settlement.
Bounced Checks
When you allow a Stevens and Ricci collection attorney to collect your payments, you won’t have to worry about bounced checks. They will make sure that each payment is sent in a secure manner before forwarding the funds to your company. If you do choose to accept checks, make sure that you are careful. Most bad checks are written on new accounts that are less than a year old. Be careful about accepting any check with a low number. If you do end up with a bad check, don’t return it to the writer without receiving payment in cash, money order, or certified check.
Massachusetts Case Study
In 2004, one of our Massachusetts’ clients, a materials supplier, contacted us with a $25,000 overdue account owed to them by a soil stabilization company. They had been paid for the materials, but were owed for the associated sales tax. Due to a contract disagreement, the debtor argued that our client should pay the sales tax themselves.
When we couldn’t collect the debt, we placed it in the cold case file because the debtor had a relatively-strong case against paying the debt. Of course, we did report it to the two major commercial credit bureaus.
In 2010, the debtor’s representative contacted our offices to find out why they had a negative item from 2004 on their credit report. Once they were informed of the nature of the claim, they requested documentation that our client actually paid the sales tax, a very different response from their 2004 request that our client absorb the expense as compensation for an unresolved problem. The final resolution resulted in the debtor paying $20,000 to our client to clear their company’s credit report. A six-year-old debt was settled through the professional efforts of a Stevens & Ricci debt collection attorney.
