New Jersey Debt Collection Attorneys
If you’re not satisfied with the New Jersey collection agencies, consider hiring a debt collection attorney instead. The corporate debt collection firm of Stevens and Ricci offers a 72% recovery rate. Compared to the lower 28% rate that most collection agencies offer, you can easily see why we always outperform the competition. In addition to a higher rate of return, our recovery process is also faster and less expensive. In most cases, we can begin returning your funds in less than 45 days. If you business is located near Cherry Hill, Freehold, or Hackensack, New Jersey, call Stevens and Ricci today to start the collection process.
Newark, NJ Collection Attorneys Succeed Where Collection Agencies Fail
Because the standard collection agency fails to recognize critical opportunities, they often miss their chance to collect on your commercial debts. They usually make a few phone calls and then give up when no one calls them back. In contrast, our collection attorneys go the extra mile to track down your debtor, regardless of their location, to begin the negotiation process. Our national corporate debt collection network includes private investigators and collection attorneys that know how to recover business debts in the most time-effective method. Although our firm offers strictly pre-litigation business debt collection service, just the hint of a lawsuit is enough to generate a payment. At the Stevens and Ricci firm, the combination of collections and legal functions means that every opportunity is investigated. Don’t miss your opportunity to have our commercial debt recovery team represent you on your next commercial claim in Princeton, New Jersey.
New Jersey Laws Do Not Protect the Commercial Creditor in Rutherford
In New Jersey, your right to collect is governed by a tight legal schedule called the statute of limitations. If you’ve sold goods without a contract, you only have four years to collect. With a contract, you may only have six to ten years. In most cases, bad checks must be collected within three years. If you go to court, a judgment extends your rights for 20 years, but who knows if you’ll ever collect. Instead of wasting time waiting for your regular collection agency to do its job, use the Stevens and Ricci firm instead. Whether you’re located in Teaneck or Trenton, NJ, we’ll make sure that you never run out of time.
Business Collection Attorneys vs. Collection Agents in Cherry Hill, New Jersey
An experienced collection lawyer has both the knowledge and the authority to use methods that simply aren’t available to the standard collection agent. An agent can leave as many messages as they care to on someone’s voice mail, but their options are limited when the debtor never calls back. A collection attorney, on the other hand, can use their status with the court to force the debtor to appear and disclose their financial status. If a debtor hires their own attorney, most collection agents throw up their hands in frustration before writing the debt off as uncollectible. At Stevens and Ricci, we welcome this development as an opportunity to meet with the opposing council to re-start the negotiation process. The following sections further illustrate the advantages that we can offer your Freehold, New Jersey business.
Pursuing Principals in Hackensack, NJ
When unscrupulous business owners hide behind the corporate veil to conceal their personal debts, the Stevens and Ricci debt collection attorneys can use the theories of liability and alter-ego to collect commercial debts for our clients. If someone runs up debt in the name of the company before closing their doors, but not filing for bankruptcy, many of our clients are left in a poor bargaining position. Without a personal guarantor behind the business debt, there is no one to pursue for payment. By using the theory of liability, a good debt collection attorney can use the theory of liability to pursue the principal, or owner of the failed business, to assign responsibility for the debt. In other cases, when the business owner has used personal checks to pay for corporate expenses, our debt collection attorneys can frequently use the theory of alter-ego to prove that the corporation was illegal and that the owner owes the debt personally.
Consent Judgments in Newark, New Jersey
A debt collection lawyer can frequently persuade the debtor to sign a consent judgment when the debtor agrees to a short-term payment plan. The creditor can use this legal document to enter for immediate judgment without the need for a costly trial as soon as one payment is missed. This not only saves time and court costs, but it also allows the debtor’s accounts to be seized for the complete amount owed. In most cases, the banking information is known from prior paperwork making this process very simple. It increases the chances of payment and often means that our client is in a better position than a secured creditor.
New Jersey Case Study
In 2004, a New Jersey materials supplier had a problem with one of their customers. They had sold a large amount of materials to a soil stabilization company and were left with a $25,000 balance once the customer stopped paying. The balance wasn’t for the materials, but for the sales tax that the stabilization company claimed that the materials supplier should pay themselves. It appeared that there was a discrepancy between the credit application and the invoice. To complicate the matter, the soil stabilization company felt that there were also a few problems with the materials that they had received.
We put forth our best efforts, but were unable to collect this debt at first. Because the soil stabilization company had a strong argument, we moved on to other matters and reported it to the two major commercial credit bureaus. In February of 2010, another employee from the soil stabilization company called Stevens and Ricci to find out why we placed a negative report on their credit report. This person had no idea what the original matter was about. When our debt collection attorney returned their call, this company representative simply asked for proof that the sales tax was paid. This was a different response from 2004 when this company wanted our client to forgive the debt as a discount for failing to fix a problem with the materials.
Once we supplied the proof that they asked for, the debtor settled the account in full for $20,000 in return for clearing the item from their company’s credit report. Because we handled this account in a professional manner, we were able to collect on a six-year-old account and recover the funds for our commercial client.
New Jersey Debt Collection Attorneys
If you’re not satisfied with the New Jersey collection agencies, consider hiring a debt collection attorney instead. The corporate debt collection firm of Stevens and Ricci offers a 72% recovery rate. Compared to the lower 28% rate that most collection agencies offer, you can easily see why we always outperform the competition. In addition to a higher rate of return, our recovery process is also faster and less expensive. In most cases, we can begin returning your funds in less than 45 days. If you business is located near Cherry Hill, Freehold, or Hackensack, New Jersey, call Stevens and Ricci today to start the collection process.
Newark, NJ Collection Attorneys Succeed Where Collection Agencies Fail
Because the standard collection agency fails to recognize critical opportunities, they often miss their chance to collect on your commercial debts. They usually make a few phone calls and then give up when no one calls them back. In contrast, our collection attorneys go the extra mile to track down your debtor, regardless of their location, to begin the negotiation process. Our national corporate debt collection network includes private investigators and collection attorneys that know how to recover business debts in the most time-effective method. Although our firm offers strictly pre-litigation business debt collection service, just the hint of a lawsuit is enough to generate a payment. At the Stevens and Ricci firm, the combination of collections and legal functions means that every opportunity is investigated. Don’t miss your opportunity to have our commercial debt recovery team represent you on your next commercial claim in Princeton, New Jersey.
New Jersey Laws Do Not Protect the Commercial Creditor in Rutherford
In New Jersey, your right to collect is governed by a tight legal schedule called the statute of limitations. If you’ve sold goods without a contract, you only have four years to collect. With a contract, you may only have six to ten years. In most cases, bad checks must be collected within three years. If you go to court, a judgment extends your rights for 20 years, but who knows if you’ll ever collect. Instead of wasting time waiting for your regular collection agency to do its job, use the Stevens and Ricci firm instead. Whether you’re located in Teaneck or Trenton, NJ, we’ll make sure that you never run out of time.
Business Collection Attorneys vs. Collection Agents in Cherry Hill, New Jersey
An experienced collection lawyer has both the knowledge and the authority to use methods that simply aren’t available to the standard collection agent. An agent can leave as many messages as they care to on someone’s voice mail, but their options are limited when the debtor never calls back. A collection attorney, on the other hand, can use their status with the court to force the debtor to appear and disclose their financial status. If a debtor hires their own attorney, most collection agents throw up their hands in frustration before writing the debt off as uncollectible. At Stevens and Ricci, we welcome this development as an opportunity to meet with the opposing council to re-start the negotiation process. The following sections further illustrate the advantages that we can offer your Freehold, New Jersey business.
Pursuing Principals in Hackensack, NJ
When unscrupulous business owners hide behind the corporate veil to conceal their personal debts, the Stevens and Ricci debt collection attorneys can use the theories of liability and alter-ego to collect commercial debts for our clients. If someone runs up debt in the name of the company before closing their doors, but not filing for bankruptcy, many of our clients are left in a poor bargaining position. Without a personal guarantor behind the business debt, there is no one to pursue for payment. By using the theory of liability, a good debt collection attorney can use the theory of liability to pursue the principal, or owner of the failed business, to assign responsibility for the debt. In other cases, when the business owner has used personal checks to pay for corporate expenses, our debt collection attorneys can frequently use the theory of alter-ego to prove that the corporation was illegal and that the owner owes the debt personally.
Consent Judgments in Newark, New Jersey
A debt collection lawyer can frequently persuade the debtor to sign a consent judgment when the debtor agrees to a short-term payment plan. The creditor can use this legal document to enter for immediate judgment without the need for a costly trial as soon as one payment is missed. This not only saves time and court costs, but it also allows the debtor’s accounts to be seized for the complete amount owed. In most cases, the banking information is known from prior paperwork making this process very simple. It increases the chances of payment and often means that our client is in a better position than a secured creditor.
New Jersey Case Study
In 2004, a New Jersey materials supplier had a problem with one of their customers. They had sold a large amount of materials to a soil stabilization company and were left with a $25,000 balance once the customer stopped paying. The balance wasn’t for the materials, but for the sales tax that the stabilization company claimed that the materials supplier should pay themselves. It appeared that there was a discrepancy between the credit application and the invoice. To complicate the matter, the soil stabilization company felt that there were also a few problems with the materials that they had received.
We put forth our best efforts, but were unable to collect this debt at first. Because the soil stabilization company had a strong argument, we moved on to other matters and reported it to the two major commercial credit bureaus. In February of 2010, another employee from the soil stabilization company called Stevens and Ricci to find out why we placed a negative report on their credit report. This person had no idea what the original matter was about. When our debt collection attorney returned their call, this company representative simply asked for proof that the sales tax was paid. This was a different response from 2004 when this company wanted our client to forgive the debt as a discount for failing to fix a problem with the materials.
Once we supplied the proof that they asked for, the debtor settled the account in full for $20,000 in return for clearing the item from their company’s credit report. Because we handled this account in a professional manner, we were able to collect on a six-year-old account and recover the funds for our commercial client.
