Do you have too many unpaid
invoices due to delinquent paying customers?
Are you curious to know what
your rights are with your unpaid invoices?
Debt collection can be a
frustrating process, but in some cases it’s the only way to get debtors to pay
on outstanding debts.
Muller Law Firm debt collection attorneys in Michigan protect
the rights of creditors in many different types of industries including
manufacturing, financial services, insurance, advertising, information
technology, communications, and more. Findlaw tells us that there are several
ways to approach collecting your debts:
“When
a business's customer fails to pay his or her debts, the business (as a
"creditor" to which the debt is owed) has several available remedies
to help collect the money from the customer (as "debtor").
These methods include remedies that do not require court involvement (called
"self-help" remedies), and remedies that do involve the courts,
discussed in more detail below.
“Many creditors' first
attempts at debt collection do not involve the courts. First, the
creditor may simply contact the debtor directly and demand payment. If
these attempts fail, the creditor may transfer the debtor's account to another
business whose focus is debt collection. The practices of these debt
collection agencies are regulated in order to avoid abuses. For instance,
the Fair Debt Collection Practices Act (FDCPA) prescribes how, when, and where
debtors may be contacted, and prohibits deceptive practices. If a debt
collector violates the act, the debtor may be entitled to recover
damages. The FDCPA applies only to persons who regularly collect debts
owed to someone else, but not to creditors collecting their own debts.”
If you’re a business owner,
you may decide that having a collection law firm work on your unpaid invoices
is your best choice. That’s an area we specialize in, and we’re happy to
discuss your options.
Frequently Asked Questions
What steps do I need to start taking
in order to avoid bankruptcy?
If you think you’re digging
yourself into a hole you don’t see yourself getting out of, you should seek
help from investors, friends, and family. Our firm doesn’t handle bankruptcy
filings, so you’ll have to find a firm that specializes in bankruptcy when the
time comes to file.
Is there anything I can do to
protect my rights before starting a business?
Consult a CPA, as well as a law
firm that specializes in start up business. We don’t handle this line of law,
but we can refer you to trusted firms that do.
If I decide to file a claim,
how much of my settlement will go toward fees?
We would have to review your
case before we can make a commitment. However, our normal contingency fee is
25% without suit, 30% if litigation is filed.
Are you worried you may have
to shut down your business due to unpaid invoices?
We can help you in in-state,
out of state, and international judgment collections and enforcement. Contact
our Michigan debt collection attorneys
today at (248) 645-2440 for a free no obligation consultation.
