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You also don’t have to sit helplessly in the face of bad debts when your debtor fails to make payments. Cohen, can turn bad debts into definite debt payments, while you enjoy a stress-free debtrecovery experience regardless of where you are located—in the state of Massachusetts, another state or another country.
If you are unlucky enough to have done business with construction companies or property owners who seem to be rolling in cash, but never have time to pay, you’ll soon find out the importance of a mechanic’s lien in Massachusetts in debtrecovery. Why Should I File a Mechanic’s Lien With a Trusted Attorney?
Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Summary: Indeed! Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge.
They employ innovative and ethical debt collection tactics, as allowed under state and federal laws to facilitate payments for their clients in Massachusetts. Mechanic’s liens and payment bonds are two powerful options available under Massachusetts law. What is a mechanic’s lien?
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.
One enticing option is the ‘ debt collector no win no fee ‘ model, where agencies only charge for successful debt collection. No Win, No Fee: This model offers risk-free debtrecovery. If the agency fails to collect the debt, you don’t pay anything.
However, the construction industry has its own unique debt collection tool on its side, and hundreds of professionals turn to mechanic’s liens every day. But who is eligible for a mechanic’s lien? Once you have obtained your mechanic’s lien judgment, we know how to enforce judgments using warrants of sale.
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