Top-Rated Debt Collection Law Firm In Brockton
Businesses and individuals often find themselves with debtors, whether another company has not paid for materials delivered, clients have not paid for services provided, or someone borrowed money for personal projects.
At Massachusetts Debt Collection Attorneys, we understand how many responsibilities and challenges our clients have to experience running their businesses. Therefore, we are here to help our clients in Brockton, Massachusetts collect their debts in a smooth manner, by offering the means, experience, and know-how to collect the money owed to them.
We offer our commercial debt collection services to all clients, including individuals, local businesses, national organizations, and international companies. This ensures that our clients have more time to improve their business instead of going after the debtor.
One thing our law firm promises our clients is effectiveness. While there are many methods we can use to recover money from our client’s debtors, we have developed a process that has proven successful in all our assignments.
The first step in our process is usually to interview the client. This helps us know them and their debtor better. We inquire about how the two got to know each other, how their relationship was before the debts, how it is now, and why the debtor owes our client money.
We also ask whether our client has tried reaching out to the debtor for money recovery, and if yes, how that went down. Understanding these details helps us know how to approach the debtor and if there is any animosity between them and our client.
It also helps us customize a demand letter that we send to the debtor demanding that they make the payment in full. We usually personalize the letters to let the debtor know we are not sending bulk collection letters and are on their case personally.
We also indicate a period within which the debtor should respond to the letter or make a payment.
Some debtors usually reach out to negotiate or pay the money after receiving the demand letter. However, some debtors don’t, and that’s when we go to the next step of filing a lawsuit. At this stage, we use all the available tools to ensure our client gets all or a huge percentage of their money.
One of the things we do is ask a judge to attach any open bank account the debtor has or issue a real estate attachment to those who own real estate. While these procedures can take time and require a lot of expertise, our well-trained and experienced team ensures it is completed in time.
While this process is successful, we don’t always use it. Sometimes, we offer clients advice that helps them recover their money without our direct involvement.
Why Choose Us
Debt recovery is one of the main things many companies and individuals around Brockton have. Choosing a good law firm to help can be challenging, but the following features make us stand out from our competitors.
Experience and expertise
Our debt collection firm brings over 50 years of combined experience to the table, meaning we have helped different clients collect debts in different circumstances. This has equipped us with the skill to collect money regardless of the size or status of the debtor or whatever circumstances led to the debts.
Our employees also received education and training from highly-raked institutions, ensuring they are prepared for whatever case our clients present to us.
Clients sometimes have debtors from different parts of the United States, and collecting debt across borders is challenging for individuals. Our law firm has a team of attorneys across borders, enabling us to follow the debtors wherever they are. Whether the debtor relocated after borrowing the money or took it from another state, we guarantee to return the money to our clients. This eliminates the hustle of our clients dealing with several firms, saving them time and money in the process.
The first thing we do for debtors outside in other states is to determine if we can file suit in Brockton. If we can, we file the lawsuit and determine if they have any assets in Massachusetts that we can use to recover our client’s money.
If we can’t file a suit in Brockton due to jurisdiction or if the debtor has no assets available there, we use our network of attorneys to file a lawsuit in the state where the debtor has a business or assets.
We know how stressful it is financially when someone owes money and how much losses the debts could bring to the company. Therefore, we have made our services affordable to make it easier for our clients.
We usually get paid on a contingency basis, meaning we get a percentage of what we manage to collect for our clients. We usually write a fee agreement for all our clients, clearly indicating the percentage we will get and how we determine our share. We also outline all our clients’ responsibilities regarding the fees, ensuring that all of us are on the same page and there are no hidden fees.
Depending on the amount of money we are helping recover, the number of accounts owing our clients, and the location of the debtors, our contingency fees are between 30 and 40%. Sometimes, we also accept non-contingent suit fees with lower percentage amounts. We also negotiate different percentages for clients with volumes of collections.
Older delinquent commercial accounts become harder to collect, and some experts say that once a delinquent account hits 90 days, the most a creditor can collect is three-quarters. Collecting any amount from the accounts becomes more challenging as the days go by. Therefore, we usually make our process aggressive to ensure our clients get their money back quickly. At our offices, we use the principle that it is only by being aggressive that attorneys can recover a client’s debt.
Our dedication to satisfying our clients and the fact that we get paid when our clients get back their money gives us the motivation to collect the money within 90 days of the account becoming delinquent.
Whether clients want to ask for advice on how to go about recovering their money or review a case they want us to help collect, we offer free consultation and free price quotes.
We communicate with our clients at every step of our recovery process to ensure we are on the same page and know how long they must wait to get their money. Call us today or fill out the form on our website to learn more or book our money recovery services for your business or personal funds.