Towson Collections Lawyers
Commercial Collections Litigation
Commercial collections differ from consumer collections in that it works to remedy the past-due accounts in business-to-business deals. Running a business is a difficult venture even without having to worry about finances. However, with the added stress of unpaid accounts and debts piling up, most business owners find themselves in the red through no fault of their own. Past-due accounts owed by clients and/or partners can severely slow down the progress of your business. Regardless of what size your business is, you have a right to receive what is owed to you. Do not let yourself fail because of someone else’s refusal to pay for your work.
Commercial Lawsuits Need Representation
Under Maryland law, corporations and LLC’s are unable to file most commercial lawsuits without the aid of an attorney. Regardless of whether or not your case may call for that help, you should seek out proper representation for claims, not only to ensure your chances of recovery, but to save yourself from the unnecessary stress of going into litigation alone. Business to business lawsuits tend to be more complex to collect in comparison to consumer claims. Debt collection in Maryland is multifaceted. You should make sure that a competent, seasoned business attorney is defending your best interests and maximizing your chances of recovery.
Protecting Creditors’ Rights
Most business owners lose hope of receiving money on their accounts receivable for their work when a delinquent party files for bankruptcy. Do not let your hard work go to waste and give up on what is owed to you. Our experienced team of lawyers aggressively investigates each case to determine whether or not the debtor has the means to pay back their past-due balances. With a meticulous and exacting approach to commercial collections, we employ the techniques and strategies that have proven to lead to successful cases.
Know the Proper Stages of Commercial Collections
As with most debt recovery, commercial collections has its proper stages that are followed in most cases. These include
- Investigating the Assets and Liabilities of the Debtor—once this is done, a demand letter is generally sent out to the indebted party. In some instances, this step is skipped entirely.
- Filing the Lawsuit—this is done to collect the past debts. The goal of this litigation is to obtain a judgment or settlement. Commercial collections cases are generally not undertaken with the anticipation of a contested litigation.
- Judgement Enforcement—where the collections attorney sees to it that the judgement is carried out against the assets of the debtor
In order to minimize future stress between two businesses, at Huesman, Jones & Miles, LLC we stress the importance of drafting a contract. In addition to accounts receivable collections, our offices can also aid with contract disputes that arise between you, your clients, or your partners which can only serve to aid you in the future should any more conflicts arise regarding payments.
Towson Collections Lawyers at Huesman, Jones & Miles, LLC Aid in Commercial Collections Cases for Business Owners
Running a business is stressful enough. Do not be discouraged when clients or partners refuse to pay their balances owed. At Huesman, Jones & Miles, LLC, our team of Towson collections lawyers fight so that small business owners can recover what is owed to them. We will prepare an aggressive legal strategy to hold debtors accountable and get you the highest recovery rate possible for an uncollected debt. If you or someone you know are struggling to keep a business afloat due to unpaid debts, call us today to schedule a free consultation at 443-589-0150, or fill out our convenient online contact form. With offices located in Hunt Valley, Pikesville and Towson, Maryland, we assist clients with commercial collections throughout Baltimore County, Harford County, Carroll County and Howard County, including Towson, Essex, Columbia and Bel Air.