Businesses always have a hard time collecting debts. Collection attorneys can help you resolve all sorts of problems, from old credit card debts to loan collection. If your creditworthiness is in question, then it’s time to hire a collection attorney. It’s important that you find the right person for your needs as there are many types of collection firms in New York City. You also want a New York collection attorney who has experience both with business and commercial law so they can be sure to settle your case within a reasonable amount of time.
Here are different reasons for you o consider hiring a collection attorney in New York.
You expect your case to go to court
When you have a court case coming up, you’ll definitely need to hire a collection attorney. A collection attorney will be able to help you with this. If your business is up and running, your commercial account receivables are likely growing as well. As much as possible, you should try to avoid having to go to the courthouse in order to settle debts. This can be done by hiring the right attorney who will work for a fair compromise for both parties.
You need to send demand letters
If you do have a situation in which a business collection letter is necessary, you’ll definitely want to hire a collection attorney. These types of letters are meant to encourage the payment of debts but also to let businesses know that you will take legal action if the debt is not paid at “a reasonable time.”
Your client is a large company
Large companies will of course have larger debts. It’s a good idea to contact a collection attorney when your client does not respond to a letter. The collection attorney may also advise you on how many letters should be sent before taking legal action. A collection attorney can also help you decide how you should proceed in case the debtor refuses to pay under the conditions stated in your demand letter.
You need legal or professional advice on the collection
You may be dealing with a hard-to-collect account. When this happens, you should seek help from a collection attorney or agency. These attorneys may be skilled in the field and even have a better understanding of how difficult it can be to collect accounts than your employees.