Collections and Other Business Litigation
Uncollected accounts receivable can cause incredible strain on a business.
Accounts receivable represent uncollected profit, as your business has
already incurred the expense. The math is simple – and can be frightening!
At a 5% profit margin, with $10,000 outstanding, you would need an additional
$200,000 of new business to make up for the loss!
If you are unable to get payment on your own within 30-90 days of a debt
becoming past due, you may need to get to get a third party involved.
Our collection lawyers can help you analyze your situation and either
assist in finding a third party collection agency to work with to attempt
to collect the debt pre-litigation, or proceed straight to suit. If a
lawsuit is filed, our office will move the case to settlement or judgment
as soon as possible, and will. Financial terms for representation are
negotiable depending on nature, amount and age of debt; identity and asset
status of debtor; volume of cases placed for suit.
Businesses also unfortunately find themselves in situations where a contract
is breached and might need to be enforced through litigation, or find
themselves on the receiving end of a lawsuit. Our lawyers can assist you
in analyzing the feasibility and forecast the possible cost of business
litigation and proceed to develop a plan to effectively represent your