Debt Collection Attorneys in New Bedford
Debt collection can be very tedious, even for those who have been in the industry for a long period. Some debtors may not be willing to pay up, which means you need to get help elsewhere. Oriel and Goldenberg law offices are the best fit if you need assistance with debt collection in New Bedford, whether in an individual, a commercial enterprise, or a business entity.
With over 60 years of combined experience between the partners Chelsey Oriel and David Goldberg, you can be guaranteed the best representation for picking up your debt at Massachusetts and national levels. The firm has been built on the principle that our clients are provided with all the services they need & deserve, regardless of the debt.
We understand that many lawyers are available for clients to choose from that are willing and able to handle matters that may arise. We consider that the difference between us is that we give reaction to our client’s needs, and our track record is exceptional. Our clients are satisfied and give fabulous reviews and referrals, thus increasing business.
In regard to debt collection, we want to fulfill the client’s needs. A timeline is given to the debtor to which they are expected to pay the debt. Failure to do this on a court date set for trial to determine the consequences of the non-compliant party. We believe that everyone, whether an individual, a client, a supplier, or a business entity, must be held accountable for their actions and pay off their debts. Therefore, we assure our clients will recover as much of their debt as possible given the available time.
Lawyers often work a 9 to 5 schedule, and offices are usually closed on weekends, but at Goldenberg and Oriel, things are totally different. Clients who call late in the evening or even on the weekend will get the help they need. We respond to questions you may have in-depth and provide timely services.
Debt Collection Process
The first step to a business debt collection is locating the debtor and their payable accounts statement. This is to gather the information that will be used to find the debtor. A demand letter will then be sent to the debtor using information like their name and account numbers.
The next step will be to review the debtor’s Accounts payable statement for payment. This determines if the debtor is up to date with their pay; if not, a payment plan is agreed upon.
A lawsuit is filed if the debtor does not reach the end of the agreement. This results from not paying the debt owed, where legal proceedings are involved by going to court, and the judge decides a judgment.
Commercial debt collection involves several aspects of collection depending on the state. Some of them include the following.
When our New Bedford, Boston lawyer agrees to take a case, he works on a contingent fee basis. This is striving to collect as much and fast as possible. If your customer files a bankruptcy claim, our lawyers file a lien on the property where they live, thus securing your debt. The collection is then carried out depending on their current financial status.
If the customer filed a bankruptcy petition, it could be replied to with an adversary proceeding. This is to get a judgment against them a failure to which a summary judgment is agreed if the debtor had claimed different revenue on their petition than the actual fraud.
Deceitful Transfer of Property
If the debtor had transferred possession of the property to personnel before filing for bankruptcy, the trustee could return it to the debtor. The funds are then returned to the creditor as well as the property.
Personal debt is when an individual lends out money to enterprises & other people and is not paid back. The process of gaining back the money owed is a personal debt collection.
The collection process is fundamental, if not the same as the business collection. A demand letter is sent, both parties agree on a payment plan, and a lawsuit is filed if it is not paid by the agreed time.
Working with a law firm specializing in debt collection would be the best fit. This is cause they will give the best advice legally and give you the best alternative option by providing advantages and disadvantages for each.
Lawyers have a high standard when it comes to how they conduct themselves. They are diplomatic and have more leverage when speaking to debtors since they can go to court.
Several people in the world of debt collection know that fetching debt from any commercial account is usually tricky. Specialists say it is when an account reaches the 90-day or less of the accumulated debt; the debtor regardless has funds to pay the debt. After 90 days, the money that will be retrieved depreciates as time goes on.
With our help, we will make sure your debt will be recovered as much as possible without reducing its value. The Goldberg & Oriel Law Firm from Boston, Massachusetts, offers commercial collection services for all clientele, from significant operations like “Mom & Pop” to known nationwide companies. We offer our services to people from New Bedford, Boston, with great honor and pride.
Even if several individuals, accounts, or businesses owe you, we can assist collect from all of them. This debt collection law firm does it all and leaves no stone unturned. The firm has put in centralized and comprehensive measures that help to collect the debt from within the US and other regions of the world. This limits the employment of different entities to just one for all services required.
It’s important to also note that we are a law firm with a lawyer that offers debt collection services and is not a debt collection firm. The goal may be the same, but the ways of operations are very different. We use the law to retrieve money owed by filing suits regardless of location. The firm provides resources to locate and track the debtors in order to please the client’s needs of recovering their money. All this is done to adhere to the laws and regulations of the debtor’s location.
We believe that providing the best services to our clients around New Bedford and Massachusetts will fulfill our mission and keep our clients content. The prices available are not only convenient but affordable as well. A contingent fee agreement is given to the client that the firm should not take money unless the client has retrieved all that is there. As a result of this, we are usually motivated to recover from the debtor as much as possible in very little time.
Our contingent fees usually have a range of 30% to 40%, depending on the client’s situation. If the process involves sending a command letter and the debtor complies, the amount is reduced to 25%. If a client has several collection cases, an agreement of having a one-time percentage can be agreed on, which is usually lower.