Encouraging parties who owe debts to your business can be a frustrating process. In many cases, debtors are not exclusively facing financial obligations to just one company. Regardless of the type of industry in which the charges have accumulated, it can be difficult to prompt those in debt to prioritize their outstanding charges that they owe toward your business, but with good legal representation, it’s possible to take actions that encourage debtors to take affirmative action in paying of the money they owe.
Debt collection procedures can be summarized in the following steps:
If the debtor files for bankruptcy at any point during the process or afterwards as a result of collection efforts, then legal representation continues during the bankruptcy litigation. All necessary documentation, such as liens and proofs of claims, will be appropriately filed. Furthermore, if actions are taken on behalf of the debtor to reclaim any financial or real assets forfeited during the collections and bankruptcy procedures, an attorney will persist representation until defense against such claims are rendered void.
The following types of claims may be necessary in the event of collections related to construction:
Furthermore, attorney representation is highly advised in pursuit of debts from construction industry cases. All persons potentially responsible for the outstanding payments will be addressed and thusly billed when relevant. Such parties include but are not limited to:
At Turner Law Offices, P.C., our team of attorneys has years of experience in both debt collection and bankruptcy litigation resulting from such situations. We know the most efficient avenues of pursuing collections in a variety of circumstances, and are equipped to recover outstanding debts as swiftly as possible. Call today or go online to set up your Free Initial Consultation, and meet with a skilled lawyer who is ready and waiting to do whatever it takes to recover financial obligations in a timely manner.