Tennessee Debt Collection Attorneys
If you’re unhappy with the results that you have received from your Tennessee collection agency, consider using the commercial debt collection services of Stevens and Ricci. By combining the very best experience in both the collections and legal industries, we have been able to show a consistent 72% recovery rate compared to the much lower 28% rate offered by most collection agencies. In addition, we usually can convince your debtor to begin payments within 30 to 45 days. As an added bonus, your overall cost is generally more affordable when you use the services of our collection attorneys. If your office is located near Chattanooga, TN or Kingsport, TN, give us a call today to start the commercial debt recovery process.
Our Collection Lawyers Go the Extra Mile
While the typical collection company will make a few phone calls and give up on your debt so that they can move on to an easier one, our business collection attorneys stop at nothing to physically locate your debtor. In addition to the valuable resources in their individual office, the Stevens and Ricci collection attorney has access to our national network of corporate debt recovery experts. Whether they need a debt collection attorney in another state to access public records or a private investigator to track down your debtor’s current location, they will let nothing stand in the way of the negotiation process. Although we try to stick with strictly pre-litigation services, just the hint of a lawsuit during discussions with an experienced business collection attorney is usually enough to begin the payment process. After all, a simple conversation with a collection lawyer carries much more weight than 100 phone calls from a mere collection agency representative. Call our Knoxville, Memphis, or Nashville, Tennessee offices for help with your next commercial claim.
Tennessee Collection Laws Can Present a Challenge
In Tennessee, debt collection attorneys can mean the difference between a smooth and timely business debt collection process and time wasted in the courtroom. After all, receiving a judgment will not instantly solve your problems. You have six years to collect or file suit in Tennessee. If the judge agrees with you and enters a judgment in your favor, you will have ten additional years to collect. However, that gives the debtor ample opportunity to hide or transfer their assets. You may go through all of that time and trouble for nothing. Compare that to the corporate debt collection attorney’s methods when you contract with Stevens and Ricci. They will do everything possible to quickly resolve the matter in a firm, but friendly, manner long before a courtroom proves necessary.
Collection Attorneys Offer the Best Option for Business Debt Recovery in Tennessee
In addition to a faster collection process, an experienced business debt recovery team that includes both attorneys and collection experts provides the very best option for corporate debt collections. A collection lawyer will outperform a collection agency at every opportunity. They will also be able to use collection strategies that simply aren’t available to most collection agents. While a collection agency must stop at voice mail and written notices, a debt collection attorney can gain direct access to owners and their agents for face-to-face meetings. A debtor’s attorney can usually put a halt to the efforts of a standard collection agency, but they will be willing to meet with our collection lawyers to negotiate a payment plan that bypasses the courtroom whenever possible.
Consent Judgments
A short-term payment plan can be a debtor’s solution when they can’t pay their debt in full. In most cases, the Stevens and Ricci collection attorney can persuade the debtor to sign a consent judgment to strengthen the agreement. With this legal document, we can file for an immediate judgment on behalf of our client with the first missed payment. There will be no need to go to court or pay additional fees. Because we usually know the debtor’s account information, their bank account can be quickly seized for the total amount owed. This is a simple process that dramatically increases the chances that our client will be paid.
Forbearance Agreements
A forbearance agreement allows the Stevens and Ricci debt collection lawyers to help the debtor restructure their debt load and stay in business. We will prevent their other creditors from filing suit in exchange for a preferred payment plan. This is definitely a win-win situation for both the creditor and the debtor. No one needs to go to court, the debtor stays in business, and our client is paid. In many cases, the business relationship between the two parties continues well into the future.
Bounced Checks
A bounced check can complicate a delicate collections matter even further. It costs both parties additional fees and doesn’t reduce the debt by one penny. Be careful of accepting any check with a low number because it is probably written on a new account; the vast majority of bad checks are written within one year of opening an account. If you do receive a bad check, never return it to the account holder before receiving payment in cash or certified funds. This is never your problem when you use the Stevens and Ricci debt collection firm. We will make sure that all funds are collected in a secure manner before passing them along to you.
Tennessee Case Study
One Stevens & Ricci client in Tennessee had a $46,000 claim against a small hospital and surgery center for medical equipment that they were unable to collect. The debtor was a startup facility leasing the property. A year after the sale, the center closed their doors, and the landlord re-leased the property to another medical practice.
The Stevens & Ricci collections attorney was familiar with the rules that earmark Medicare proceeds and patient receivables for unsecured creditors. The attorney also found out that the debtor was attempting to recover damages from various third parties. If he won, the substantial judgment would lead to paying off unsecured creditors.
It was critical to our collection effort to convince the other creditors to put their legal actions on hold until the debtor could put their affairs in order. We drafted a forbearance agreement and presented it to the other unsecured creditors. It was accepted, and we received a $35,000 payment for our client from the debtor’s lawsuit proceeds 18 months later.
Tennessee Debt Collection Attorneys
If you’re unhappy with the results that you have received from your Tennessee collection agency, consider using the commercial debt collection services of Stevens and Ricci. By combining the very best experience in both the collections and legal industries, we have been able to show a consistent 72% recovery rate compared to the much lower 28% rate offered by most collection agencies. In addition, we usually can convince your debtor to begin payments within 30 to 45 days. As an added bonus, your overall cost is generally more affordable when you use the services of our collection attorneys. If your office is located near Chattanooga, TN or Kingsport, TN, give us a call today to start the commercial debt recovery process.
Our Collection Lawyers Go the Extra Mile
While the typical collection company will make a few phone calls and give up on your debt so that they can move on to an easier one, our business collection attorneys stop at nothing to physically locate your debtor. In addition to the valuable resources in their individual office, the Stevens and Ricci collection attorney has access to our national network of corporate debt recovery experts. Whether they need a debt collection attorney in another state to access public records or a private investigator to track down your debtor’s current location, they will let nothing stand in the way of the negotiation process. Although we try to stick with strictly pre-litigation services, just the hint of a lawsuit during discussions with an experienced business collection attorney is usually enough to begin the payment process. After all, a simple conversation with a collection lawyer carries much more weight than 100 phone calls from a mere collection agency representative. Call our Knoxville, Memphis, or Nashville, Tennessee offices for help with your next commercial claim.
Tennessee Collection Laws Can Present a Challenge
In Tennessee, debt collection attorneys can mean the difference between a smooth and timely business debt collection process and time wasted in the courtroom. After all, receiving a judgment will not instantly solve your problems. You have six years to collect or file suit in Tennessee. If the judge agrees with you and enters a judgment in your favor, you will have ten additional years to collect. However, that gives the debtor ample opportunity to hide or transfer their assets. You may go through all of that time and trouble for nothing. Compare that to the corporate debt collection attorney’s methods when you contract with Stevens and Ricci. They will do everything possible to quickly resolve the matter in a firm, but friendly, manner long before a courtroom proves necessary.
Collection Attorneys Offer the Best Option for Business Debt Recovery in Tennessee
In addition to a faster collection process, an experienced business debt recovery team that includes both attorneys and collection experts provides the very best option for corporate debt collections. A collection lawyer will outperform a collection agency at every opportunity. They will also be able to use collection strategies that simply aren’t available to most collection agents. While a collection agency must stop at voice mail and written notices, a debt collection attorney can gain direct access to owners and their agents for face-to-face meetings. A debtor’s attorney can usually put a halt to the efforts of a standard collection agency, but they will be willing to meet with our collection lawyers to negotiate a payment plan that bypasses the courtroom whenever possible.
Consent Judgments
A short-term payment plan can be a debtor’s solution when they can’t pay their debt in full. In most cases, the Stevens and Ricci collection attorney can persuade the debtor to sign a consent judgment to strengthen the agreement. With this legal document, we can file for an immediate judgment on behalf of our client with the first missed payment. There will be no need to go to court or pay additional fees. Because we usually know the debtor’s account information, their bank account can be quickly seized for the total amount owed. This is a simple process that dramatically increases the chances that our client will be paid.
Forbearance Agreements
A forbearance agreement allows the Stevens and Ricci debt collection lawyers to help the debtor restructure their debt load and stay in business. We will prevent their other creditors from filing suit in exchange for a preferred payment plan. This is definitely a win-win situation for both the creditor and the debtor. No one needs to go to court, the debtor stays in business, and our client is paid. In many cases, the business relationship between the two parties continues well into the future.
Bounced Checks
A bounced check can complicate a delicate collections matter even further. It costs both parties additional fees and doesn’t reduce the debt by one penny. Be careful of accepting any check with a low number because it is probably written on a new account; the vast majority of bad checks are written within one year of opening an account. If you do receive a bad check, never return it to the account holder before receiving payment in cash or certified funds. This is never your problem when you use the Stevens and Ricci debt collection firm. We will make sure that all funds are collected in a secure manner before passing them along to you.
Tennessee Case Study
One Stevens & Ricci client in Tennessee had a $46,000 claim against a small hospital and surgery center for medical equipment that they were unable to collect. The debtor was a startup facility leasing the property. A year after the sale, the center closed their doors, and the landlord re-leased the property to another medical practice.
The Stevens & Ricci collections attorney was familiar with the rules that earmark Medicare proceeds and patient receivables for unsecured creditors. The attorney also found out that the debtor was attempting to recover damages from various third parties. If he won, the substantial judgment would lead to paying off unsecured creditors.
It was critical to our collection effort to convince the other creditors to put their legal actions on hold until the debtor could put their affairs in order. We drafted a forbearance agreement and presented it to the other unsecured creditors. It was accepted, and we received a $35,000 payment for our client from the debtor’s lawsuit proceeds 18 months later.
