Corporate Debt Recovery in Ohio
The vast majority of the time, businesses don’t see the results that they were promised when they contract with an Akron, Ohio collection agency for their commercial debt recovery needs. However, when they choose to make the switch to a team of collection lawyers instead, they are amazed at the results. The commercial debt collection firm of Stevens and Ricci delivers a 72% collection rate that is much superior to the 28% rate that the standard collection agency offers. Our recovery rate is faster, too! In most cases, we can complete the recovery process in 45 days or less. If you’re located near the Avon Lake, OH area, call us today to start the collection process!
We Succeed in Canton, Ohio Where Others Fail
The Stevens and Ricci collection lawyers succeed where your collection agency fails because they often miss critical opportunities. Their standard operating procedure includes making a few phone calls, leaving voice mails, and writing your debt off as uncollectable when there is no response. On the other hand, our business collection lawyers track down your debtor to negotiate payments. In addition to debt collection attorneys that are available in every state of the nation, our corporate debt recovery network includes a team of private investigators that will leave no stone unturned when it comes to finding the party who owes your business money. Although our services are purely pre-litigation, we get results. As you well know, a typical collection agent just doesn’t make the same kind of impression as a professional attorney. At our law firm, we combine collection and legal functions into one streamlined organization to take full advantage of every opportunity. Don’t miss your chance to have Stevens and Ricci represent you on your next commercial claim in Cincinnati, OH.
Don’t Count on the Cleveland, Ohio Laws to Protect Your Interests
While the statute of limitations in Ohio allows a company to take up to 15 years to collect a debt, this doesn’t mean that your time isn’t running out. The longer that you wait, the more likely it is that you will have to take your customer to court to collect. In many cases, they may even want to pay their debts, but simply can’t. If you wait too long, their available cash reserves may go to another creditor. Once you go to court, you will probably obtain a judgment. Frequently, this only gives you personal satisfaction. You may never see a dime, but you will see hefty legal bills and lost time in the courtroom. Instead of taking this road, you can reduce the amount of time to collect dramatically by calling the Stevens and Ricci office in Columbus, OH!
What Can a Debt Collection Attorney Do That a Collection Agent Can’t?
The answer to that question is a simple one: a lot. A collection attorney has expert knowledge of the laws in this area and specific powers as an agent of the court. With one type of strategy, we can petition the court to force the debtor to appear and answer questions about their financial situation. If your debtor chooses to retain their own legal team, it puts most collection agencies at a distinct disadvantage. Our team of debt collection attorneys actually welcomes this situation. Instead of backing off, we’ll contact their lawyer for a face-to-face meeting to move the negotiation process to the next level. Continue reading for even more advantages that come with using the corporate debt collection team of the Stevens and Ricci firm in Dayton, Ohio.
What if My Debtor Sold His Business?
If a debtor is going through a liquidation, merger, acquisition, or bankruptcy, most collection agents throw up their hands in frustration before stamping your paperwork with a big, red uncollectable stamp and handing it back to you. However, our business collection attorney will examine the legal paperwork involved in the transaction for set-aside provisions or reserve allowances for unsecured creditors. Frequently, there is a legal provision that is intended to pay your debt.
How Can We Hold My Debtor to a Payment Plan?
If you’re tired of your collection agency negotiating a payment plan with your debtor only to see more missed payments in the future, we have a strategy that eliminates this problem. We will persuade the debtor to add a consent judgment to any short-term payment plan. In this case, our client can enforce an immediate judgment without going to court or paying any fees if even one payment is missed. This virtually guarantees payment and puts you, our client, in a better position than a secured creditor in Newark, Ohio!
Toledo, OH Case Study
One of our Toledo, Ohio clients perfectly illustrates how the Stevens and Ricci firm provides superior service! They sold surgical equipment to a surgery center, but were left with an outstanding balance when the surgery center failed and closed their doors. No phone number or forwarding address was left behind. The surgery center was also a corporation which meant there was no one person to pursue for the debt.
Our client contacted another vendor and was told that their collection agency declared their outstanding debt with the same surgery center uncollectable because there was no one to contact. In desperation, they contacted Stevens and Ricci to take care of the matter.
To start, our collection team interviewed employees at both our client’s and the other vendor’s call center. During this process, we found that one of the local hospital administrators was a business contact and close personal friend of our client’s debtor. We obtained an address and a phone number in order to establish contact.
During the conversation with our collection attorney, the debtor, a prominent local doctor, disclosed that he was in the process of starting a new surgery center in a different location with different financial backing. We convinced him to accept responsibility for the balance owed on our client’s equipment.
This debtor had absolutely no legal responsibility to pay this debt. However, the professional and respectful demeanor of our collection attorneys resulted in a successful collection effort for our client. As a bonus, the debtor was able to save his reputation and continues to make purchases from our client. This win-win situation would have been highly unlikely with a standard collection agency!
Corporate Debt Recovery in Ohio
The vast majority of the time, businesses don’t see the results that they were promised when they contract with an Akron, Ohio collection agency for their commercial debt recovery needs. However, when they choose to make the switch to a team of collection lawyers instead, they are amazed at the results. The commercial debt collection firm of Stevens and Ricci delivers a 72% collection rate that is much superior to the 28% rate that the standard collection agency offers. Our recovery rate is faster, too! In most cases, we can complete the recovery process in 45 days or less. If you’re located near the Avon Lake, OH area, call us today to start the collection process!
We Succeed in Canton, Ohio Where Others Fail
The Stevens and Ricci collection lawyers succeed where your collection agency fails because they often miss critical opportunities. Their standard operating procedure includes making a few phone calls, leaving voice mails, and writing your debt off as uncollectable when there is no response. On the other hand, our business collection lawyers track down your debtor to negotiate payments. In addition to debt collection attorneys that are available in every state of the nation, our corporate debt recovery network includes a team of private investigators that will leave no stone unturned when it comes to finding the party who owes your business money. Although our services are purely pre-litigation, we get results. As you well know, a typical collection agent just doesn’t make the same kind of impression as a professional attorney. At our law firm, we combine collection and legal functions into one streamlined organization to take full advantage of every opportunity. Don’t miss your chance to have Stevens and Ricci represent you on your next commercial claim in Cincinnati, OH.
Don’t Count on the Cleveland, Ohio Laws to Protect Your Interests
While the statute of limitations in Ohio allows a company to take up to 15 years to collect a debt, this doesn’t mean that your time isn’t running out. The longer that you wait, the more likely it is that you will have to take your customer to court to collect. In many cases, they may even want to pay their debts, but simply can’t. If you wait too long, their available cash reserves may go to another creditor. Once you go to court, you will probably obtain a judgment. Frequently, this only gives you personal satisfaction. You may never see a dime, but you will see hefty legal bills and lost time in the courtroom. Instead of taking this road, you can reduce the amount of time to collect dramatically by calling the Stevens and Ricci office in Columbus, OH!
What Can a Debt Collection Attorney Do That a Collection Agent Can’t?
The answer to that question is a simple one: a lot. A collection attorney has expert knowledge of the laws in this area and specific powers as an agent of the court. With one type of strategy, we can petition the court to force the debtor to appear and answer questions about their financial situation. If your debtor chooses to retain their own legal team, it puts most collection agencies at a distinct disadvantage. Our team of debt collection attorneys actually welcomes this situation. Instead of backing off, we’ll contact their lawyer for a face-to-face meeting to move the negotiation process to the next level. Continue reading for even more advantages that come with using the corporate debt collection team of the Stevens and Ricci firm in Dayton, Ohio.
What if My Debtor Sold His Business?
If a debtor is going through a liquidation, merger, acquisition, or bankruptcy, most collection agents throw up their hands in frustration before stamping your paperwork with a big, red uncollectable stamp and handing it back to you. However, our business collection attorney will examine the legal paperwork involved in the transaction for set-aside provisions or reserve allowances for unsecured creditors. Frequently, there is a legal provision that is intended to pay your debt.
How Can We Hold My Debtor to a Payment Plan?
If you’re tired of your collection agency negotiating a payment plan with your debtor only to see more missed payments in the future, we have a strategy that eliminates this problem. We will persuade the debtor to add a consent judgment to any short-term payment plan. In this case, our client can enforce an immediate judgment without going to court or paying any fees if even one payment is missed. This virtually guarantees payment and puts you, our client, in a better position than a secured creditor in Newark, Ohio!
Toledo, OH Case Study
One of our Toledo, Ohio clients perfectly illustrates how the Stevens and Ricci firm provides superior service! They sold surgical equipment to a surgery center, but were left with an outstanding balance when the surgery center failed and closed their doors. No phone number or forwarding address was left behind. The surgery center was also a corporation which meant there was no one person to pursue for the debt.
Our client contacted another vendor and was told that their collection agency declared their outstanding debt with the same surgery center uncollectable because there was no one to contact. In desperation, they contacted Stevens and Ricci to take care of the matter.
To start, our collection team interviewed employees at both our client’s and the other vendor’s call center. During this process, we found that one of the local hospital administrators was a business contact and close personal friend of our client’s debtor. We obtained an address and a phone number in order to establish contact.
During the conversation with our collection attorney, the debtor, a prominent local doctor, disclosed that he was in the process of starting a new surgery center in a different location with different financial backing. We convinced him to accept responsibility for the balance owed on our client’s equipment.
This debtor had absolutely no legal responsibility to pay this debt. However, the professional and respectful demeanor of our collection attorneys resulted in a successful collection effort for our client. As a bonus, the debtor was able to save his reputation and continues to make purchases from our client. This win-win situation would have been highly unlikely with a standard collection agency!
