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Debt Collection On Contingency Is A Win-Win For Lawyer And Client
Collecting unpaid debts can be daunting and frustrating tasks for the creditor. Whether you are an individual, small or large business, debt collection can be a complex field to navigate on your own. Debtors will go to almost any length to avoid paying what they owe, and that is why the stern and steady hand of attorneys at Goldberg and Orel are the lawyers citizens of Massachusetts have turned to for over fifty years.
The Value of Experience
For many creditors, the need to collect on a debt is not a common occurrence. This introduces a host of unwanted – and unnecessary – circumstances into their lives and the lives of their business. Debtors routinely refuse to answer the phone, do not respond to emails, close their office and move, file for bankruptcy and undertake a litany of other tactics when it is time to pay what they owe.
While this may be a novel situation for a creditor, the Boston debt collection lawyers at Goldberg and Orel have seen these maneuvers hundreds of times over the years. Debt collection is the entire focus of their practice, and there is no substitute for the experience they have gained over their decades as Boston debt collection lawyers.
The role of a Massachusetts debt collection attorney is to remove the burden from you and place it into their own capable hands so that you are free to focus on your life or your daily business activities. Let the best debt collection lawyers Boston has to offer aggressively pursue the money that is owed to you with the peace of mind that you have the number Massachusetts commercial collection lawyer on your side.
Contingent Fees Unite Attorney and Client in Interest
The attorneys at Goldberg and Orel understand that clients do not want to “throw good money after bad”. The same is common conversation clients have at the time of their initial consultation with every Massachusetts commercial collection attorney. Clients who are owed money do not normally have the “cash on hand” to pay a hefty retainer to a Boston debt collection attorney. Second, clients are apprehensive to spend money on a matter that they often believe is beyond repair.
Armed with this understanding, the attorneys at Goldberg and Orel work on a contingency fee arrangement with every client. At the time of initial consultation, clients are advised that they will pay no legal fees unless the attorneys at Goldberg and Orel are successful in recovering the money they are owed from their debtors.
Such a contingent fee arrangement unites the attorney and client in interest, forming a dynamic that is unique to such a professional relationship. The client has the comfort that they are not investing any more money into a case that they feel may already be lost while simultaneously motivating the attorney to work zealously since his or her fee depends exclusively on his or her performance.
Contingent Fee Structure
Massachusett’s debt collection is a complex field and that complexity lends itself to a varied contingent fee structure. Typically, clients can expect to be quoted a thirty to forty percent fee for a debt collection matter that is presented to the Boston debt collection attorney at Goldberg and Orel. However, there are certain circumstances that give rise to a deviation in that fee.
Demand Letter Matters
In certain instances, the attorney will analyze the case presented by the client and determine that recovery may be realized by the issuance of a demand letter only. A number of factors play into this analysis, but by and large, the attorneys at Goldberg and Orel know the debt collection playing field well enough to determine whether or not a demand letter will do the job. In these types of cases, clients can expect a slight reduction in the contingent fee to twenty-five percent.
Clients With Multiple Matters
Professional clients will often seek a Massachusetts commercial collection lawyer who will quote them a flat fee to handle their debt collection matters. These clients are typically quoted a one-time fee by the attorneys at Goldberg and Orel since they retain the firm to handle a number of cases on their behalf at the time of or shortly after the initial consultation.
Disbursements and Court Costs
Clients can expect to pay for all law firm disbursements and Court costs associated with the prosecution of their case as well. These fees are only due at the time of recovery – if the firm does not recover any sums for the creditor, the client will not be responsible to pay law firm disbursements or Court costs.
Call For A Free Consultation Today
If you are a creditor and are seeking the best debt collection attorney in Boston, call the attorneys at Goldberg and Orel today at 617-969-1111. The call and consultation are free. Do not give up hope on your debt collection case – retain the law firm of Goldberg and Orel today.