Successful debt collection
REQUIRES KNOWLEDGE OF CREDITOR’S RIGHTS, DILIGENCE IN TRACKING DEBTORS DOWN, AND APPLYING THE POWER OF PERSUASION.
Debt collection is the process of collecting money, services, or goods owed by individuals or businesses. When obtaining timely payment becomes an issue, it is in your best interest to hire an attorney with debt collection experience. Without the right attorney, it is possible for the party in question to avoid payment.
How We Work to Secure Payment for You
At Lovelace Law, P.C., we use an assortment of tactics to obtain payment, beginning with a demand letter and following with a suit on account petition. Our attorneys make motions for both default judgment and summary judgment.
- Default Judgment: when a debt collection claim is filed, but there is no answer from the defendant, the count may enter a default judgment. The ruling is in the amount claimed by the plaintiff in the complaint, including interest.
- Summary Judgment: This type of judgment is less likely to be overturned than a summary judgment, but requires much more investigation and legal preparation. This motion requires both a notice and a hearing with arguments of counsel. The final decision is made by a judge.
We also work with banks and other institutions to obtain payment of business debts through prejudgment writs of garnishment.
We provide collection services for anyone who needs them. Our clients include privately held companies of every size, professional partnerships, and individuals — large businesses are not the only ones susceptible to collection issues. Each and every one of these creditors face unique problems with accounts receivable. Our experienced attorneys apply tactics best suited to obtaining payment in collection disputes ranging from four to seven figures.
Threat of Bankruptcy
Filing for bankruptcy may be an issue when it comes to receiving payment. This process eliminates many different types of debt, including outstanding debts. If bankruptcy is filed, it can be difficult (to impossible) to collect what you are owed. Although filing for bankruptcy is somewhat of a long process, people who are severely in debt will often seek this course of action to avoid collection. Our attorneys are successful in obtaining payment despite the threat of filing for bankruptcy. With our expertise, you can expect to obtain the compensation you deserve.
The commercial law attorneys at Lovelace Law, P.C. are skilled in applying attention and pressure to the business of collecting debts. We manage every kind of outstanding debt collection issue, including:
- Delinquent invoices
- A notice of an overdue payment
- Delinquent accounts
- Accounts that have not made a payment in 30 days or more
- Unpaid promissory notes
- Violation of a written agreement stating one party must pay a specific sum to another by a specified date
- Inadequate judgments handed down in Texas or another state
Contact a Fort Worth Debt Collection Attorney
We apply the same diligence and persistence in collecting judgments that we use to obtain judgments. We file abstracts in areas where the debtor may own property, conduct cost-sensitive research into the debtor’s background to increase our leverage, and file motions requiring the debtor to turn over non-exempt assets to you. If you feel you have legal grounds to seek collection, we are ready to walk you through every step of the process. We will make sure you have the best legal representation and the best shot at receiving what you’re owed.
Mediation. Negotiation. Experienced legal representation.
For more information on debt collection and the collection process, contact the collection attorneys at Lovelace Law, P.C. Call us at 817-953-9656 to schedule a no-cost, no-obligation consultation — we are happy to answer any questions you may have, even if you do not become a client.