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When you are pursuing a commercialcollections lawsuit against a business debtor, it is easy to assume that payment is just around the corner. Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of experience helping businesses collect unpaid debts.
Securing a judgment against a debtor is a significant victory, but the battle doesnt end there. Collecting on that judgment requires finding the money, sometimes by uncovering the debtors assets. This process is known as post-judgment asset discovery. Debtors often conceal assets to avoid paying their debts.
You’ve gone through the trouble of obtaining a judgment against a debtor, yet here you are, now facing the frustration of having to find money to collect. The debtor seems to have vanished, taking their assets with them. If the debtor fails to appear, the court may issue a capias warrant, leading to their arrest.
Winning a judgment from the court might feel like a victory, but getting paid might be a whole new battle that you and your company were not expecting. Our tenacious commercialcollections attorneys are relentless and aggressive when it comes to collecting money and enforcing judgments t to get our clients get paid.
One such challenge is when a debtor claims not to have the funds to pay their unpaid debts. Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of combined experience helping our commercial clients in Massachusetts collect on their unpaid debts. Is a debtor really out of cash?
Do you have an out-of-state judgment? Does your debtor have assets in Massachusetts? Our relentless and aggressive commercialcollection lawyers at Law Offices of Alan M. In the case of foreign judgments states are required to honor and recognize judgments those judgments by virtue of the U.S.
Cohen & Associates LLC, our commercialcollections lawyers have more than 50 years of combined experience. They have dedicated their practice to collectingcommercial debts in Massachusetts. Uniform Commercial Code (UCC) – MGL c.106: At Law Offices of Alan M. At the Law Offices of Alan M.
Once you win your judgment case against someone who owes you money, you should be able to collect on your judgment and move on with your life. Unfortunately, many debtors do not readily pay up, even with a court order against them. As experienced commercialcollection attorneys at Law Offices of Alan M.
If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The experienced commercialcollections attorneys at the Law Offices of Alan M. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need.
Knowing when to take action in commercialcollections is crucial. Cohen & Associates LLC, our aggressive commercialcollections attorneys are ethical when it comes to making sure you get paid, but they are also relentless. How do you know when you need to take action and hire a commercialcollections attorney.
Cohen & Associates LLC, our ethical commercialcollections attorneys are well-known for their aggressive, relentless and innovative debt collection tactics. A bank attachment is a powerful post-judgmentcollection tool. Bank attachment: A bank attachment directly targets the debtor’s bank account.
Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect. Filing of Judgments. For out-of-state creditors, the commercial litigation collections lawyers at Law Offices of Alan M.
Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of combined experience. We exclusively practice aggressive and relentless, yet ethical debt collection. Stage 2: Nudging the debtor When an invoice goes unpaid, it’s time for reminder notices. At Law Offices of Alan M.
Cohen LLC, our attorneys have nearly 50 years of combined legal experience peeling back the layers of a company’s transactions to find fraudulent conveyances that reveal a debtor’s hidden assets. On paper, it may appear that the debtor no longer owns that property, but in reality, they still control it.
Unfortunately, when a company has experience as a debtor, sometimes, this has given them an opportunity to learn a few tricks to try and avoid collection efforts. Our collections attorneys at Law Offices of Alan M. Cohen & Associates LLC know that debtors will sometimes go to great lengths to avoid paying their debts.
Once you manage to receive a judgment from the court for the debt a client or customer owes you, your next step is collecting on that judgment. Cohen LLC, we know how difficult collection can be, even when you have a judgment. In some cases, post-judgment litigation is the right path to take.
The experienced commercialcollection attorneys at Law Offices of Alan M. Cohen LLC have been helping businesses successfully collect outstanding debt since 1994. Our other option is to wait until after we receive the judgment from the court, known as post-judgmentcollection. Cohen LLC.
The process becomes even more problematic when your debtor is located in another state. Even if you do achieve a judgment in your own state, you have the added step of needing to domesticate the judgment in the debtor’s state. The experienced commercialcollections attorneys at the Law Offices of Alan M.
Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of experience helping Massachusetts and out-of-state creditors seek judgments from their debtors and collect on unpaid debts. Our commercialcollections attorneys are aggressive and relentless.
Debt collection can escalate quickly when a debtor refuses to pay. Cohen & Associates LLC, our aggressive and relentless commercialcollections attorneys have more than 50 years of combined experience helping clients collect on unpaid debts. This includes seizing and selling the debtor’s property.
We handle business and commercialcollections for companies of all sizes and in any industry. Unlike attorney who dabble in commercialcollections, we know what to do when a deadbeat tries to avoid payment by moving their assets into an irrevocable trust. These trusts are sometimes called “creditor-resistant.”
When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. After all a judgment is just a judgment.
Debt collection can be a minefield, especially when you’re trying to stay fair while ensuring you get paid. Cohen & Associates LLC, our innovative commercialcollections litigators have more than 50 years of combined experience. Regular follow-ups remind the debtor that you’re serious about getting paid.
If you are trying to collect on a debt, you may feel relieved when you finally have that judgment in hand. After all, obtaining a judgment from the court is the hard part, right? Unfortunately, collecting on that judgment could prove to be a challenge. Not necessarily. We don’t stop fighting for you.
When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. After all a judgment is just a judgment.
When you win your judgment case against a debtor who has not paid, you may not want to celebrate just yet. You must still collect your money, which is often easier said than done. The debtor could be a natural person, an officer or partner of a business, or the trustee of a trust. At Law Offices of Alan M.
Even once you have a judgment in hand, many debtors still do not pay willingly. One type of asset may be the debtor’s own accounts receivables. If a third party owes them money, you may be able to reach across to that third party and apply their debt to your judgment. You have a legitimate claim against the debtor.
In Massachusetts, a keeper attachment is a prejudgment attachment in which the court appoints a “keeper” to oversee a debtor’s cash receivables. This prejudgment attachment is especially useful when a debtor is operating a cash-heavy business like a restaurant or retail store. What does the keeper do?
A guarantee of payment is a far more effective tool , as it allows a creditor to proceed directly against the guarantor without the necessity of taking any action against the primary obligor [debtor]. The post Personal Guarantees in CommercialCollection: How Helpful Are They? When Should the Guarantee be Obtained?
They will also usually start with all of the same tactics that you have probably already tried: Making phone calls Sending late payment notices Attempt to persuade the debtor to pay their bills While collection agencies are persistent, their efforts often approach a level of harassment.
The commercialcollection process can feel overwhelming sometimes. Prejudgment attachments allow us to identify the debtor’s assets before the court issues a judgment, which we can then seize to satisfy the judgment. Of course, you only keep that money if you are successful in court and obtain a judgment.
When a company must go after a debtor for payment, each day that they don’t have access to the money they are owed makes a difference. If you are in this situation, it is important that you do everything you can to secure payment of your debt, even before you have your judgment hearing. How does Rule 65 apply to collections?
An ex parte bank attachment Once we sue the debtor for the amount due, we have many methods of collection at our disposal. We can request that the court freeze the debtor’s bank accounts pending the outcome of the judgment hearing. Debt collection is our sole focus at Law Offices of Alan M.
Cohen & Associates LLC, our experienced and innovative commercialcollections attorneys are relentless and aggressive when it comes to collecting unpaid debts. Often, finding the money to collect becomes the biggest piece of the puzzle. When it comes to debt collection, every piece of information matters.
The benefits of a judgment At Law Offices of Alan M. Cohen LLC, we generally recommend our clients pursue a judgment to secure their debts sooner rather than later. Once you have a judgment in hand, you will have at least 20 years to collect. Or they may file for bankruptcy, leaving you without a judgment.
You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. At the end of the day, a collection agency will collect only low-hanging fruit and tell you that there is nothing more that they can do to help you. Why Hire a Collections Attorney? The Law Offices of Alan M.
A writ of execution (otherwise called an execution) is a court order used to put a judgment of ownership into power after it’s obtained by the offense from a higher court. Such property will often then be sold by the sheriff and the funds returned to the creditor in fulfillment of the judgment. Obtaining a Writ of Execution.
Work has changed in a lot of ways, but does the fact that so many New York businesses have switched to remote work affect the collectability of your collection claim? We’ve heard from some debtors that checks are cut on a schedule. In the upper courts, judgments are still entered by clerks in the office. Justice is slow.
Though you always hope your customers will pay their bills on time, delinquent debtors are an unfortunate but normal part of doing business. Cohen LLC, our experienced commercialcollection attorneys have been helping businesses recover debt since 1994. You can take steps to protect yourself and your company, however.
The faster you move collectingcommercial debt, the higher your chances of success. Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action.
The faster you move collectingcommercial debt, the higher your chances of success. Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action.
While the traditional common law grounds for the appointment of a receiver remain, the Act also offers additional grounds and provides lenders with valuable options to protect their interests in the commercial property, including the right of receivership after judgment. 714.14, Fla. Conclusion.
When we win your case, collecting the judgment may be made easier if monies were previously frozen by way of an ex parte bank or trustee attachment. The ex parte bank attachment is also a powerful tool our collections lawyers use to collect post judgment. When choosing the Law Offices of Alan M.
When you need to collect on a commercial debt, freezing the debtor’s bank account can be one of the most effective collection methods available. If approved by the court, your bank attachment sets aside money from your debtor’s bank accounts in order to pay your debt. At Law Offices of Alan M.
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