Commercial Debt Collection Settlement Gone Bad, A Case Study

Commercial Debt Collection Settlement Case Study

Before placing a claim with our office to pursue commercial debt collection, our client had offered their non-paying customer a discount. The discount of $7,500.00 was offered to induce the non-paying customer to pay. Our client went so far as to hand write a credit of $7,500.00 on the customer’s most recent statement of account, recalculated the balance and next to the reduced balance, printed “pay this amount”. Despite the incentive of the $7,500.00 credit, the customer still failed to pay. Continue reading “Commercial Debt Collection Settlement Gone Bad, A Case Study”

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Commercial Debt Collection: What Happens When You or Your Attorney No Longer Want to Work Together on Your Case?

Commercial Debt CollectionAn attorney agreed to take on your commercial debt collection case. Your corporate attorney, general practitioner, friend or relative took the case as a favor for you. But, you have grown tired of paying hourly to collect an aged receivable, the attorney lost interest in your case, or your case is not leading to a payday. Whatever the reason, the result is you and/or your attorney wants out of the case. And what seemed (at the beginning) to be a straight forward, easy engagement, has transformed into an, ahem, ugly situation. Continue reading “Commercial Debt Collection: What Happens When You or Your Attorney No Longer Want to Work Together on Your Case?”

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New York Commercial Debt Collection Attorney: Why and How Often Should You Run a Bad Debt Aging Report?

As a New York commercial debt collection attorney, my clients ask how often they should run a bad debt aging report (an accounts receivable aging). If the client is selling on terms the answer is often, very often, perhaps even daily. The client should be aware of the amount owed and be able to identify who owes the monies. Continue reading “New York Commercial Debt Collection Attorney: Why and How Often Should You Run a Bad Debt Aging Report?”

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