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

June 28th, 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

New Hampshire Collection Attorneys and New Hampshire Lawyers for Business Debt Recovery

June 21st, 2011
Debt Collection Attorneys in New Hampshire
If your New Hampshire company is not receiving the results that you were promised by your collection agency, it’s time to consider a change. Using a professional debt collection attorney with the Stevens and Ricci firm will make a significant difference to your cash flow. The 72% recovery rate delivered by our firm compares very favorably to the lower average rate of 28% that the standard collection agency offers. We can also recover your commercial debts in a shorter timeframe. In most cases, we can complete the collection process in 30 to 45 days, or even less! If your offices are located near Chester, NH or Wilton, NH, give us a call today to get the ball rolling!
Concord, New Hampshire Collection Attorneys Succeed Where Others Fail
When you contract with the Stevens and Ricci firm for your commercial debt collection needs, you get much more than promises. You will get results! Unlike your collection agency, we never miss a critical opportunity to collect your debt. While a collection agency will stick to phone calls and letters, our business debt attorneys are never stopped by a lack of response. When necessary, we will use our national support network of private investigators and collection attorneys in neighboring states to physically track down your debtor, no matter where they may be. Although the Stevens and Ricci collection method sticks to purely pre-litigation services, just the hint of legal action can make all the difference in the collection process. After all, a conversation with an actual attorney will always carry more weight that a call from a collection agency. By combining the collection and legal functions into one team, the Stevens and Ricci firm never misses a critical opportunity to recover a debt. Don’t miss your opportunity to use a professional debt collection attorney to represent your financial interests in Exeter, NH or Manchester, NH.
Don’t Waste Time in New Hampshire
Depending on the circumstances, you may only have three years to collect your debt in New Hampshire without going to court. Even if you obtain a judgment, this little piece of paper is no guarantee that you’ll ever receive the matching payment. In fact, the collection process can still be a long, frustrating process. Instead of wasting time and increasing your collection problems, allow the Stevens and Ricci to handle these matters for you. Our collection process offers the most efficient and timely recovery system in the collections industry.
Newport, New Hampshire Debt Collection Attorneys vs. Collection Agencies
The Stevens and Ricci firm can save your Portsmouth, New Hampshire business more than time. An experienced debt collection attorney can provide even more benefits when compared to hiring a standard collection agency. When your collection agency is just getting voice mail, our business debt collection lawyers will be meeting directly with the business owners and their agents. When your collection agency is stopped in their tracks by your debtor’s legal team, our commercial debt recovery attorney will be sitting down at the table for the formal negotiation process with the opposing counsel. Read more to discover additional ways that we can help you with your outstanding debts in Chester, NH or Manchester, NH.
Business Sales in Concord, New Hampshire or Exeter, New Hampshire
You might be surprised to know that most collection agencies will automatically designate an account as uncollectible when they’ve been informed of a business sale. However, the business debt collection attorneys at Stevens and Ricci know a little bit more about business sales, mergers, liquidations, and bankruptcies. We can pressure the owner or their representatives to supply a copy of the legal documents that are part of this type of transaction. In many cases, our analysis reveals a reserve allowance or set-aside clause that is specifically included to pay unsecured creditors who hold an open balance during this process.
Forbearance Agreements in Wilton, NH
Some debtors are truly in financial difficulty and would like to pay their debts if they only had the funds. If this appears to be a temporary situation, the debt collection attorneys at Stevens and Ricci can help them out. By drafting a forbearance agreement that prevents the other creditors from filing suit until they can get their financial house in order and begin repaying their debts, many of our clients finally receive payment in full. With this plan, everyone wins. Our client receives their money, the debtor can remain in business, and both parties often continue to do business together for years to come!
The Collections Game is Changing in New Hampshire
Due to the poor economy in New Hampshire and the rest of the nation, the collection industry is seeing more and more extended payment plans compared to payments in full. At Stevens and Ricci, we can turn this crisis into an opportunity. With a properly and aggressively drafted legal agreement, we can not only increase our client’s chances of receiving payments as promised, but add increased default security, too!
While the typical collection agency usually creates an informal payment plan through a set of verbal discussions, the Stevens and Ricci firm never makes this mistake. To give our clients the best chance of recovery on their commercial accounts, we never miss the opportunity to profit by these situations.
As a first step, we will add a Consent Judgment clause to the payment agreement. This allows us to ask for an automatic judgment against your debtor when the first payment is missed. This easy process doesn’t involve filing any additional paperwork, going to trial, or spending any more money. This strategy alone increases our payment percentage by more than 40%.
Next, we ask the principal to sign a Personal Guaranty clause. This assigns the debt to them personally in the even that the corporation fails. In most cases, they will sign in exchange for extended payment terms. By using a little psychology, we can usually convince the debtor to sign this agreement.
Our final method involves adding a 1.5% interest factor to our notes per month. Very rarely do debtors attempt to negotiate a lower rate. This covers virtually all of our fees so that you can often take advantage of the Stevens and Ricci collection method for next to nothing out of pocket.

Debt Collection Attorneys in New Hampshire

If your New Hampshire company is not receiving the results that you were promised by your collection agency, it’s time to consider a change. Using a professional debt collection attorney with the Stevens and Ricci firm will make a significant difference to your cash flow. The 72% recovery rate delivered by our firm compares very favorably to the lower average rate of 28% that the standard collection agency offers. We can also recover your commercial debts in a shorter timeframe. In most cases, we can complete the collection process in 30 to 45 days, or even less! If your offices are located near Chester, NH or Wilton, NH, give us a call today to get the ball rolling!

Concord, New Hampshire Collection Attorneys Succeed Where Others Fail

When you contract with the Stevens and Ricci firm for your commercial debt collection needs, you get much more than promises. You will get results! Unlike your collection agency, we never miss a critical opportunity to collect your debt. While a collection agency will stick to phone calls and letters, our business debt attorneys are never stopped by a lack of response. When necessary, we will use our national support network of private investigators and collection attorneys in neighboring states to physically track down your debtor, no matter where they may be. Although the Stevens and Ricci collection method sticks to purely pre-litigation services, just the hint of legal action can make all the difference in the collection process. After all, a conversation with an actual attorney will always carry more weight that a call from a collection agency. Read the rest of this entry »

Posted in Debt Collection Attorneys

Maine Collection Attorneys and Maine Lawyers for Business Debt Recovery

June 16th, 2011
Business Debt Collections in Maine
Don’t let the lackluster results of the typical Maine collection agency convince you to simply write off your company’s delinquent accounts. Instead, consider using a debt collection attorney. The commercial debt recovery firm of Stevens and Ricci can provide you with a 72% recovery rate. When you compare this figure to the 28% rate that the average collection agency delivers, it’s easy to see why you’ve been disappointed in the past. In addition to collecting a higher percentage of your money, our collection team can also complete the negotiation process much faster. In the vast majority of cases, payments begin coming in for each account within 45 days from the time you place the account with our firm. Sometimes, the process is even faster. If your company is located near Bangor, Maine or Portland, Maine, give us a call today!
Westbrook, ME Collection Attorneys Succeed Where Others Fail
There’s a very good reason for the success of the Stevens and Ricci firm. We never miss a critical opportunity. Your collection agency must rely on phone calls, voice mails, and collection letters to collect on your accounts. If this worked, you would have been able to collect on these accounts without their help. The debt collection attorneys at Stevens and Ricci will physically locate your debtor, no matter where they may be, for face-to-face negotiations when needed. Our national support network includes attorneys and private investigators in every state. When a delinquent customer owes money to one of our clients, there is truly no where to hide! Although our services stay in the pre-litigation arena, just a hint of a legal battle is usually enough to make your debtor begin satisfying their financial responsibilities. After all, how much weight does a call from a collection agent carry when compared to a conversation with an actual attorney? At Stevens and Ricci, we have combined the legal and collection functions to make sure that we take full advantage of every critical opportunity. Don’t miss your opportunity in Yarmouth, Maine to use our services to collect your next corporate claim!
Statute of Limitations on Debts in Maine
In Maine, you only have six years from the time a debt is incurred to collect your money. Of course, if you take the time to have every contract signed in the presence of witnesses, you’ll have 20 years. Who has time for that when they think they’re dealing with honest business people? If your time is running short, don’t waste even more trying to collect on your own or using a regular collection agency. Use the Stevens and Ricci firm for the fastest and most efficient corporate debt recovery method in the industry.
Bangor, ME Collection Attorneys vs. Collection Agencies
When you use the corporate debt recovery services of Stevens and Ricci, you’ll gain more than a substantial time savings. Not only does a collection attorney outperform a collection agency time and time again, we also have the knowledge and authority to use recovery strategies that a collection agency wouldn’t even know about. A collection agency may only get voice mail, but a debt collection agency can gain direct access to your debtor and their agents. If your debtor hires their own attorney, a collection agency is usually forced to cease their collection efforts. In comparison, our debt collection attorneys welcome this situation. They will immediately act to seek out the opposing counsel for more advanced negotiations. The next few sections detail even more advantages that come with retaining a corporate debt attorney in Portland, Maine.
Bounced Checks in Westbrook, ME
If you really need to collect on your delinquent accounts to pay your own bills, you may be so glad to see a check come in that you don’t think twice. Unfortunately, this can be the start of new problems if the check bounces. When accepting a check on a delinquent account, be very careful with any check that has a low number. This usually means that the account is new, and most bad checks are written within the first year of opening a checking account. Always hold onto the check itself until you receive payment in full, including any fees, in either cash or other secured funds. By using the Stevens and Ricci corporate debt recovery lawyers, you’ll never have to worry about this situation with an account that we are handling. We always collect and deliver secure funds.
Creative Methods in Yarmouth, Maine
Do you think the standard collection agency will do anything out of the ordinary if your debt is hard to collect? They’ll simply sit in their little office and move on to easier pickings. We often hire private investigators to research your debtor’s other business partners including banks, vendors, and suppliers. Our debt collection attorneys may review public records or meet with the district attorney to prepare to collect on a judgment. Our process servers are creative, too! It’s amazing how a tricky debtor will suddenly open their door when our server dresses up like a delivery person or uses other unconventional attire. As a last resort, we may even send a team of collection attorneys to work with your debtor’s lawyer. In this way, we can bill their time to the debtor and use this as a new reason to collect on your debt.
A Case Study in Bangor, Maine
One of our clients provides a wonderful example that shows how our services are far superior to a regular collection agency. They sold surgical equipment to a Maine surgery center, but couldn’t collect after the center closed their doors and left the area without leaving any contact information. The surgery center was incorporated, and there was no personal guarantor behind the debt.
As our client tried to decide how to proceed, they began calling the credit references that the surgery center had listed on their credit application. One, another vendor, was also left with a large delinquent account. They had been told by their collection agency to write the debt off. With a failed corporation, there is no one to collect from.
However, our client just couldn’t afford to do this. It was just too big of a loss to give up on. They called our offices in Bangor and spoke to one of our collection attorneys who looked into the matter. After speaking to employees at both our client’s location and the other vendor’s office, he found out that a local hospital administrator was very familiar with the debtor. From this contact, he obtained the name of the surgeon who had owned the surgery center as well as the phone number for his private practice.
Our attorney made contact and spoke directly to the surgeon. He found out that the doctor was in the process of opening a new surgery center with other financial backing. He convinced the doctor to accept the debt personally by signing a Letter of Responsibility for the equipment.
While the debtor in this case did not have a legal responsibility to pay for the medical equipment after the corporation failed, we managed to collect the amount due for our client plus interest. Instead of giving up quickly like the original collection agency, our debt collection lawyer acted in a professional manner. His skillful investigative and negotiation practices resulted in a very positive outcome for our client. As a bonus, he also created a win-win situation for all parties involved. The doctor protected his reputation and continues to be a valued customer for our client’s company to this day.

Business Debt Collections in Maine

Don’t let the lackluster results of the typical Maine collection agency convince you to simply write off your company’s delinquent accounts. Instead, consider using a debt collection attorney. The commercial debt recovery firm of Stevens and Ricci can provide you with a 72% recovery rate. When you compare this figure to the 28% rate that the average collection agency delivers, it’s easy to see why you’ve been disappointed in the past. In addition to collecting a higher percentage of your money, our collection team can also complete the negotiation process much faster. In the vast majority of cases, payments begin coming in for each account within 45 days from the time you place the account with our firm. Sometimes, the process is even faster. If your company is located near Bangor, Maine or Portland, Maine, give us a call today!

Westbrook, ME Collection Attorneys Succeed Where Others Fail

There’s a very good reason for the success of the Stevens and Ricci firm. We never miss a critical opportunity. Your collection agency must rely on phone calls, voice mails, and collection letters to collect on your accounts. If this worked, you would have been able to collect on these accounts without their help. The debt collection attorneys at Stevens and Ricci will physically locate your debtor, no matter where they may be, for face-to-face negotiations when needed. Our national support network includes attorneys and private investigators in every state. When a delinquent customer owes money to one of our clients, there is truly no where to hide! Read the rest of this entry »

Posted in Debt Collection Attorneys

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