In the face of today's changing economic climate, recognizing and managing future risks becomes a priority for credit professionals. Stevens & Ricci business credit solutions can provide a business with products and services to enhance cash flow. For corporate solutions, see our Resource Center. For third party collection services, see our section on Commercial Debt Recovery.

Kansas Collection Attorneys and Kansas Lawyers for Business Debt Recovery

July 26th, 2011
Commercial Debt Recovery in Kansas
If your collection agency isn’t delivering the results that you would like to see for your Kansas City, Kansas business, it’s time to consider using a debt collection attorney instead. The corporate debt collection firm of Stevens and Ricci offers a 72% recovery rate that compares very favorably to the 28% rate that the normal collection agency offers. Our recovery system provides those results faster, too. In most cases, it only takes 30 to 45 days for the payments to begin coming in. If your business is located near Leavenworth, KS or Mission, KS, call our offices today to start the corporate debt collection process.
Overland Park, Kansas Collection Agencies Always Succeed
The success of the Stevens and Ricci firm depends on never missing a critical opportunity, something that doesn’t always happen with a collection agency. The other guys will make a few phone calls, wait for a response, and give up when no one calls them back. Our collection attorneys, on the other hand, track down your debtor instead of waiting for the phone to ring. Our national support network includes attorneys in every state in addition to the best private investigators in the collection game. Although our services are strictly on the pre-litigation side of the fence, just a hint of a lawsuit is usually enough to make your debtor start paying. This is entirely due to the fact that a conversation with an actual attorney carries much more weight that a call from a collection agency. At Stevens and Ricci, our process combines collection and legal functions to make sure that no opportunity is missed. Don’t miss your opportunity to use our firm for your commercial debt collection needs in Shawnee Mission, KS and Topeka, KS.
How Long Do You Have to Collect a Debt in Kansas?
If you don’t already know the answer to this question, you might be surprised. Depending on the type of contract, or if there even is one, the statue of limitations in Kansas runs out on corporate debt in three to five years. With this short timeframe, why would you ever waste more than a few days trying to collect a debt on your own or with a collection agency? Instead, take advantage of the most efficient corporate debt recovery process available by contracting with the business debt collection attorneys at Stevens and Ricci. We have offices located in several Kansas cities including Valley Center and Wichita.
Business Collection Attorneys vs. Collection Agencies
An experienced business collection attorney will save your company much more than time when compared to a standard collection agency. In addition to outperforming a collection agent every single time, they also have the authority and the knowledge that simply isn’t available to a collection agent. A collection agency will normally get voice mail, but we can gain direct access to your debtor and his representatives. When a delinquent customer hires a legal team, the collection agency is stopped in their tracks. However, a collection lawyer will call on the opposing counsel to arrange a meeting for further negotiations. Continue reading through the next few sections to find out even more ways that a debt collection lawyer in Topeka, Kansas will always be better than a collection agency.
Pursuing Principals in Kansas City
A business collection attorney can often pierce the corporate veil to go after the individual behind the commercial debt. This is often necessary when individuals run up hefty bills in the name of the corporation before closing their doors without filing for bankruptcy. Without an individual name to go after, creditors are left in a bad place because they can’t pursue a failed corporate entity for repayment of a debt. A business collection lawyer can use the theory of liability to pursue the principal. Another strategy is to use the alter-ego theory. This works whenever a business owner has used a non-corporate account to pay for company expenses. We can argue that the corporation wasn’t legal and that the owner personally owes the debt.
Business Sales in Leavenworth, KS
In the case of a liquidation, merger, acquisition, or bankruptcy, most collection agencies do not know how to move forward to collect your debt. A corporate debt recovery attorney can put pressure on the owners or their legal team to supply a copy of the buy/sell agreement. After careful analysis, this legal document often reveals a set aside provision or a reserve allowance for unsecured creditors holding a balance during the transaction.
Wichita, Kansas Case Study
A few years ago, Stevens and Ricci received a call from a medical equipment manufacturer in the Wichita area. They had sold a large amount of medical supplies to a small hospital and surgery center. The debtor was a small startup in an established medical community where our client sold a large portion of their products. The facility was custom built for the debtor by the landlord after the lease was signed. About a year into their business, the surgery center closed down, and the property reverted back to the landlord. Before long, it was re-leased to a new medical tenant. At this time, the debtor owed our client about $46,000 in unsecured debt.
Because the state Medicare proceeds and other patient receivables were specifically earmarked for the secured creditors, our client felt they had no way to collect and turned to the Stevens and Ricci firm for help. We discovered that the debtor was in the process of collecting in the courtroom against several third parties. If he won, the award could pay off the majority, if not all, of his unsecured debt.
In order to recover our client’s commercial debt, we knew that we had to keep the other creditors from filing their own lawsuits against the debtor while the case was pending. If this happened, the debtor could simply file bankruptcy, and everyone would lose out. We drafted a forbearance agreement and convinced all parties, including the other creditors, to agree. By creating this type of collection plan, we were able to collect $35,000 to settle the account in full eighteen months later when the debtor collected their damages from the lawsuit. A collection agency would never have been able to pursue this corporate collection avenue.

Commercial Debt Recovery in Kansas

If your collection agency isn’t delivering the results that you would like to see for your Kansas City, Kansas business, it’s time to consider using a debt collection attorney instead. The corporate debt collection firm of Stevens and Ricci offers a 72% recovery rate that compares very favorably to the 28% rate that the normal collection agency offers. Our recovery system provides those results faster, too. In most cases, it only takes 30 to 45 days for the payments to begin coming in. If your business is located near Leavenworth, KS or Mission, KS, call our offices today to start the corporate debt collection process.

Overland Park, Kansas Collection Agencies Always Succeed

The success of the Stevens and Ricci firm depends on never missing a critical opportunity, something that doesn’t always happen with a collection agency. The other guys will make a few phone calls, wait for a response, and give up when no one calls them back. Our collection attorneys, on the other hand, track down your debtor instead of waiting for the phone to ring. Our national support network includes attorneys in every state in addition to the best private investigators in the collection game. Although our services are strictly on the pre-litigation side of the fence, just a hint of a lawsuit is usually enough to make your debtor start paying. This is entirely due to the fact that a conversation with an actual attorney carries much more weight that a call from a collection agency. Read the rest of this entry »

Posted in Debt Collection Attorneys

Rhode Island Collection Attorneys and Rhode Island Lawyers for Business Debt Recovery

July 22nd, 2011

Business Collection Attorneys in Rhode Island

If your company in Rhode Island isn’t satisfied with the poor results that your current collection agency provides, consider using a debt collection attorney instead. The commercial debt collection firm of Stevens and Ricci can provide a 72% recovery rate to improve your cash flow. Compared to the much lower 28% rate delivered by the typical collection agency, our process can make a big difference in your past due accounts. Our collection process is much faster as well. In most cases, we only take 45 days to complete negotiations with your delinquent debtor. At times, it’s even faster. Call our Newport, RI, Providence, RI, or Warwick, RI offices today to get started!

Newport, Rhode Island Collection Attorneys Succeed Where Others Fail

If your collection agency considers many of your past due accounts uncollectible, you’re in for a pleasant surprise with the Stevens and Ricci firm! A collection agency misses critical opportunities that we always use to their full advantage. Instead of wasting our time with missed calls and letters that end up in the trash can, we meet with your debtors and their agents in person when needed. Our support network includes private investigators and business collection attorneys in every state in the nation. When your debtor tries to simply avoid their debts, they will have nowhere to hide when Stevens and Ricci is handling their corporate account. Our firm concentrates solely on pre-litigation collection methods, but even the hint of legal action can make a big difference. This is because a conversation with an actual collection lawyer always makes a bigger impact than a call from a collection agent. Read the rest of this entry »

Posted in Debt Collection Attorneys

Kentucky Collection Attorneys and Kentucky Lawyers for Business Debt Recovery

July 12th, 2011
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. Read the rest of this entry »

Posted in Debt Collection Attorneys

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