| Q: |
Can we handle pre-suit, litigation and post judgment collections? |
| A: |
The firm handles all stages of collecting a bad debt. Some debts can be handled via a demand letter and phone call, and some matters require litigation and post judgment efforts. |
| Q: |
Can we handle collection matters outside of Massachusetts? |
| A: |
We work with experienced collection law firms throughout the United States. We are happy to "quarterback" placements to other firms, or are more than happy to make referrals. |
| Q: |
Can we be flexible in our fee structure? |
| A: |
We work on either a contingent fee structure or an hourly fee. In select circumstances we do work on a flat fee schedule. ,for example, the repossession of heavy equipment. |
| Q: |
One spouse owes the money. Does that mean the other spouse is responsible? |
| A: |
Sometimes this is true, if the debt is for what the law considers to be a "necessity." This situation can be extremely important if the non-debtor spouse owns Real Estate. It is very important to speak to an attorney in this situation. |
| Q: |
What is one of the best assurances to be repaid if I extend credit to a corporation. |
| A: |
Secure personal guarantee from the principal of the corporation. |
| Q: |
If a debtor has filed for bankruptcy, will I get any money? |
| A: |
It depends. The type of bankruptcy that is filed is very important. Chapter 7, Chapter 11, and Chapter 13 are the most common. It is very important to promptly speak to an attorney if you receive notice of bankruptcy. |
| Q: |
If I have a judgment against a debtor, do I need a lawyer to collect? |
| A: |
Generally yes. Although some debtors may pay voluntarily after a judgment, the courts will not help to enforce the judgment. The creditor must do so, generally with the aid of an attorney. |
