Nebraska Corporate Collection Lawyers
If your corporate debts are getting out of control, it is probably time to talk to a business collection attorney. A standard collection agency in Lincoln or Omaha, Nebraska, will often take months to collect if they recover anything at all. In contrast, the commercial debt recovery firm of Stevens and Ricci offers an average 72% recovery rate compared to their low 28% rate. You’ll also find that our process only takes 30 to 45 days in most cases. With a dedicated collection lawyer, you will not only receive more of your money, but you will also see it faster and cheaper than the standard collection agency. Give our Lincoln, Omaha, or Plattsmouth offices a call today to start the collection process.
Collection Attorneys Succeed Where Agencies Fail
The typical collection agency just doesn’t bother to go the extra mile to collect your commercial recievables. They rely on quantity and not quality to meet their bottom line. Usually, they try to do as little as possible and hope for the best. Instead of stopping at a few unreturned phone calls, the Stevens and Ricci debt collection attorneys will leave no stone unturned when they try to locate your debtors. They have access to our nationwide corporate debt recovery network that includes other collection lawyers as well as a team of expert private investigators. Although we concentrate on pre-litigation collection methods, we have found that just a hint of a lawsuit will usually make your debtor reconsider their previous position. By combining collection and legal functions to take advantage of every possible opportunity, Stevens and Ricci’s business collection attorneys provide the best possibility of corporate debt collection. Don’t miss your opportunity to have a Stevens and Ricci debt collection attorney represent your interests in Omaha, NE.
Nebraska is Not on the Side of Commercial Account Holders
In Nebraska, it can be quite a challenge to legally comply with business debt collection regulations without losing money. You only have four years to collect on the sale of goods or recover your property. If you go to court and obtain a judgment, this will give you five more years. However, many judgments aren’t worth the paper they’re written on. You may have to levy a bank account or garnish personal wages to collect, and this process will come with even more rules and restrictions. A collection lawyer can usually negotiate a payment plan without the need to visit the courtroom. This will save all parties a tremendous amount of time, money, and headache.
Using a Collection Attorney Compared to Using a Collection Agent
An experienced commercial debt collection attorney offers numerous advantages over contracting with a standard collection company. In addition to saving time, our collection attorneys will use knowledge and authority to form collection strategies that aren’t available to the standard collection agent. Collection companies usually can’t get past voice mail, but our business debt recovery team can force debtors to meet face-to-face for extensive payment negotiations. Once a debtor retains their own attorney, most collection agencies will be forced to stop their collection efforts. A collection lawyer welcomes this opportunity to contact another attorney for further negotiations. Read through the following sections for more advantages that a debt collection attorney can bring to your collection process.
Pursuing Principals
The theories of liability and alter-egos are commercial debt collection strategies that our business collection attorneys frequently use to collect debts from unscrupulous business owners. It’s an unsettling fact that some of the corporate debt that reaches collections is actually fraudulent, and the debtor had no intention of ever paying their bills. These dishonest people will run up high amounts of debt in their company’s name, and then hide behind the corporate veil when the bills are due. They may close the company or sell it to another person. With only a failed corporate entity to collect from, our clients are often in a poor bargaining position. A commercial debt collection attorney can often pierce this corporate veil and pursue the principal who really owes the debt. If an owner has ever paid any of their corporate debts with personal funds, it can be argued that they owe the debt personally. This is called the alter-ego strategy and often results in a successful collection effort.
Business Sales
If a company is acquired, merged, liquidated, or files for bankruptcy protection, many collection agencies are at a loss. However, the debt collection lawyers at Stevens and Ricci will carefully analyze all available paperwork for an answer. In many cases, the buy/sell agreements will set aside funds for any unsecured creditor who holds an open balance during the transaction.
Miscellaneous Strategies
Creative methods that collection agencies never consider or can’t use often bring unheard-of results when they are employed by the collection lawyers at Stevens and Ricci. A private investigator often serves many purposes. In addition to locating a debtor, they may also use their resources to research the debtor’s other business contacts including banks, suppliers, vendors, and associates. The investigator is often used to find information in public documents or meet with the district attorney prior to collecting on a judgment. Sometimes, debtors can be tricky. They will recognize that the person at the door is a process server and pretend to not be available. Our process servers will often dress up like a delivery person in these situations to gain access to the debtor. At times, our debt collection attorneys will have difficulty finding a way to obtain a settlement. In these cases, they can often bill their time working with the debtor’s legal counsel directly to the debtor and create a new reason for settlement.
Nebraska Case Study
Many Nebraska debtors claim that they do not owe a debt because their company has been sold, merged, or acquired by a different entity. One of our clients in Nebraska asked Stevens and Ricci to collect a $72,000 account from one of their debtors. The debtor, Company A, claimed that their business was sold to Company B before the date of the invoices. However, our client was never notified of the sale.
The typical collection agency would have given up at this point, but our collection attorneys were able to obtain a copy of the buy/sell agreement. They found that there was a set-aside provision with a reserve allowance to pay unsecured creditors who held a balance during the transaction. Our client’s invoices were paid in full under the provisions of the buy/sell agreement. The collection agency would never have had the expertise or the power to make this happen.
Nebraska Corporate Collection Lawyers
If your corporate debts are getting out of control, it is probably time to talk to a business collection attorney. A standard collection agency in Lincoln or Omaha, Nebraska, will often take months to collect if they recover anything at all. In contrast, the commercial debt recovery firm of Stevens and Ricci offers an average 72% recovery rate compared to their low 28% rate. You’ll also find that our process only takes 30 to 45 days in most cases. With a dedicated collection lawyer, you will not only receive more of your money, but you will also see it faster and cheaper than the standard collection agency. Give our Lincoln, Omaha, or Plattsmouth offices a call today to start the collection process.
Collection Attorneys Succeed Where Agencies Fail
The typical collection agency just doesn’t bother to go the extra mile to collect your commercial recievables. They rely on quantity and not quality to meet their bottom line. Usually, they try to do as little as possible and hope for the best. Instead of stopping at a few unreturned phone calls, the Stevens and Ricci debt collection attorneys will leave no stone unturned when they try to locate your debtors. They have access to our nationwide corporate debt recovery network that includes other collection lawyers as well as a team of expert private investigators. Although we concentrate on pre-litigation collection methods, we have found that just a hint of a lawsuit will usually make your debtor reconsider their previous position. By combining collection and legal functions to take advantage of every possible opportunity, Stevens and Ricci’s business collection attorneys provide the best possibility of corporate debt collection. Don’t miss your opportunity to have a Stevens and Ricci debt collection attorney represent your interests in Omaha, NE.
Nebraska is Not on the Side of Commercial Account Holders
In Nebraska, it can be quite a challenge to legally comply with business debt collection regulations without losing money. You only have four years to collect on the sale of goods or recover your property. If you go to court and obtain a judgment, this will give you five more years. However, many judgments aren’t worth the paper they’re written on. You may have to levy a bank account or garnish personal wages to collect, and this process will come with even more rules and restrictions. A collection lawyer can usually negotiate a payment plan without the need to visit the courtroom. This will save all parties a tremendous amount of time, money, and headache.
Using a Collection Attorney Compared to Using a Collection Agent
An experienced commercial debt collection attorney offers numerous advantages over contracting with a standard collection company. In addition to saving time, our collection attorneys will use knowledge and authority to form collection strategies that aren’t available to the standard collection agent. Collection companies usually can’t get past voice mail, but our business debt recovery team can force debtors to meet face-to-face for extensive payment negotiations. Once a debtor retains their own attorney, most collection agencies will be forced to stop their collection efforts. A collection lawyer welcomes this opportunity to contact another attorney for further negotiations. Read through the following sections for more advantages that a debt collection attorney can bring to your collection process.
Pursuing Principals
The theories of liability and alter-egos are commercial debt collection strategies that our business collection attorneys frequently use to collect debts from unscrupulous business owners. It’s an unsettling fact that some of the corporate debt that reaches collections is actually fraudulent, and the debtor had no intention of ever paying their bills. These dishonest people will run up high amounts of debt in their company’s name, and then hide behind the corporate veil when the bills are due. They may close the company or sell it to another person. With only a failed corporate entity to collect from, our clients are often in a poor bargaining position. A commercial debt collection attorney can often pierce this corporate veil and pursue the principal who really owes the debt. If an owner has ever paid any of their corporate debts with personal funds, it can be argued that they owe the debt personally. This is called the alter-ego strategy and often results in a successful collection effort.
Business Sales
If a company is acquired, merged, liquidated, or files for bankruptcy protection, many collection agencies are at a loss. However, the debt collection lawyers at Stevens and Ricci will carefully analyze all available paperwork for an answer. In many cases, the buy/sell agreements will set aside funds for any unsecured creditor who holds an open balance during the transaction.
Miscellaneous Strategies
Creative methods that collection agencies never consider or can’t use often bring unheard-of results when they are employed by the collection lawyers at Stevens and Ricci. A private investigator often serves many purposes. In addition to locating a debtor, they may also use their resources to research the debtor’s other business contacts including banks, suppliers, vendors, and associates. The investigator is often used to find information in public documents or meet with the district attorney prior to collecting on a judgment. Sometimes, debtors can be tricky. They will recognize that the person at the door is a process server and pretend to not be available. Our process servers will often dress up like a delivery person in these situations to gain access to the debtor. At times, our debt collection attorneys will have difficulty finding a way to obtain a settlement. In these cases, they can often bill their time working with the debtor’s legal counsel directly to the debtor and create a new reason for settlement.
Nebraska Case Study
Many Nebraska debtors claim that they do not owe a debt because their company has been sold, merged, or acquired by a different entity. One of our clients in Nebraska asked Stevens and Ricci to collect a $72,000 account from one of their debtors. The debtor, Company A, claimed that their business was sold to Company B before the date of the invoices. However, our client was never notified of the sale.
The typical collection agency would have given up at this point, but our collection attorneys were able to obtain a copy of the buy/sell agreement. They found that there was a set-aside provision with a reserve allowance to pay unsecured creditors who held a balance during the transaction. Our client’s invoices were paid in full under the provisions of the buy/sell agreement. The collection agency would never have had the expertise or the power to make this happen.
