Collection law attorneys help clients to recover debts and navigate through financial processes, like bankruptcy. They are experts on areas of civil law dealing with debt collection practices and may work directly for a company or out of a debt collection firm. The following are a few common terms used to describe specialties within collections law that attorneys may handle.
Consumer Collections - When consumers default on debt, businesses may require the services of a collections attorney or firm to recover the money. Collection agencies send notices and make calls on behalf of a company, and negotiate settlements and payment plans. A lawyer can often arrange wage garnishments or place liens on property.
Business Collections – When businesses have disputes over contracts and payments, a collections attorney can represent them in civil court. They can also work to recover commercial debts and negotiate payment terms before a civil suit becomes necessary.
International Collections – International collections efforts can become complicated because each country has its own laws governing collections firms. Lawyers with experience dealing with international collections can make sure a business follows all local laws when attempting to recover money from international clients. Often, firms work on commission, collecting a fee only if the debt is repaid.
Bankruptcy – Civil law attorneys can take on bankruptcy cases for both individual and business clients. If a client cannot repay their debts, an attorney will help them file for bankruptcy so they can either liquidize their assets or develop a repayment plan to handle their debts.
Cease and Desist - If an individual wants collection agencies to stop contacting them, a lawyer can help a debtor send a cease and desist order. This will stop them from calling. When a cease and desist letter is received, a collections agency must stop contacting a debtor.
The attorneys in our association are specifically dedicated to helping clients across the country with their financial needs. If your clients aren't paying the bills, get help from our collection law attorneys.
Collection law attorneys will help businesses that need to collect a debt. Attorneys will know the law inside and out so they can recover the money as quickly as possible for an agreed upon fee. Calling a licensed collection law attorney and setting up a consultation will answer any questions businesses may have about the process they will take and how much the firm will charge.
Small businesses can hire a collection law firm to find the most appropriate and efficient way to get the money they are owed. If a customer didn't pay a bill or wrote a bad check, the attorney can notify them that they need to pay the amount in full by a certain time before they are sued. A collection law practice can also help with insurance claims, wage garnishment, and bankruptcy law. Credit companies can hire a collection law attorney for any money their card users haven't paid them back.
Businesses will find collection law practices to be a good resource if they have any questions regarding collection, credit, or bankruptcy laws. They can be an easy way to solve disputes between the company's clients before having to sue them in court. A collection firm's services will charge their clients a certain amount, which can depend on how much debt they are going to collect for the company.
Customers who are given notice that they need to pay a debt will be given a certain amount of time to appeal. However, companies that hire the lawyers to get the money can work with the lawyer throughout the process of fighting the appeal and getting all of the money they are owed.