Collections - Accounts Receivable, Writs of Expectation

Troy ● Detroit Michigan Debt Collections Attorneys

Past due accounts receivable can amount to significant economic harm, especially when unpaid debt interferes with a company's cash flow and ability to purchase needed goods and services. At the law office of Stark Reagan, our attorneys work closely with businesses that are owed money from vendors, contractors, or other companies. Our office employs a team of paralegals to prepare and process our attorneys' demand letters and Writs of Execution. In most cases, the threat of further legal action is enough to convince a debtor to either pay their account in full or begin the process of bringing it current. If a debtor ignores our attempts to bring their account current, our lawyers proceed further, to garnishments or the liquidation of a company's assets.

We have the experience and knowledge needed to get the attention of debtors and leverage your rights to settle accounts receivable. To learn more about how we can help you, contact the debt collections attorneys at Stark Reagan today.

Understanding the Terms of the Fair Debt Collection Practices Act

Under the terms of the Fair Debt Collection Practices Act (FDCPA), debtors have certain rights. The FDCPA prohibits certain phonecalls and language that could be construed as a threat. Unfortunately, small, family-owned businesses sometimes take debt collections into their own hands. As a result, they may end up using debt collection methods that violate the FDCPA. In the end, a debtor aware of the FDCPA may hire an attorney and sue the small, family-owned business in court.

At Stark Reagan, our attorneys understand the restrictions of the FDCPA. We can help you collect on accounts receivable according to the terms of the FDCPA, ensuring you don't run afoul of the law.

When Debtors Claim They Don't Have The Money

Sometimes, companies claim they don't have any money after paying off their other creditors. Here, it may be worthwhile to review a company's books to determine if fraudulent transfers have taken place. Sometimes a company will attempt to make it look as if they've paid a creditor, in order to avoid having to pay you. We have the investigative ability to uncover fraudulent transfers and demand payment to our client.

If a company declares bankruptcy, a preference action allows a trustee to go back 90 days before a declared bankruptcy to recover monies a debtor paid to other collectors. We can enter into discussions with court-appointed trustees and undertake preference actions when doing so will recover money for our client.

Contact Debt Collections Attorneys at Stark Reagan Today

If your business is having difficulty collecting on past due accounts receivable, contact the debt collection lawyers at Stark Reagan today. We have the experience and knowledge needed to help you recover what's owed you and protect your company's financial interests.