Need to Enforce or Renew a Judgment?

Are you having a hard time collecting payment from your debtors?

How can you enforce a judgement?

Are you allowed to renew your claim?

According to the Credit & Collections Kit for Dummies, written by Steven A. Harms, former senior partner at Muller, Muller, Richmond, Harms, & Myers, P.C., “a lot of people believe that if they get a judgment from the court, their debtor must promptly pay you in full. In many cases, it isn’t over by a long shot.”

Watch out for debtors who try to persuade you to set aside your hard-earned judgment in exchange for a written promise to pay the balance. They probably have no intention to pay back what’s owed. You’re going to have to work much harder to get paid, perhaps including obtaining a writ of seizure, seizing their assets and selling them off to bank the proceeds.

Debtor Still Hasn’t Paid? How Do You Renew a Debt?

The easiest way to renew a debt is to obtain a partial payment on the account before the statute of limitations run out. In Michigan, a partial payment starts the statute all over again as of the date of payment. For example, if the statute of limitations is four years, if three years and eleven months have passed and you convince a debtor to make a payment on the account, the payment starts the time to sue all over again. You have four more years to sue for the debt! Great loophole! 

Not sure where to start in your debt collection process? Contact an experienced attorney for debt collection in Michigan today. At Muller, Muller, Richmond, Harms & Myers, P.C., we can help you reach your business goals!

File For Debt Collection in Michigan Today!

If you’re a business owner, you may decide that having a debt 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.

The law firm of Muller, Muller, Richmond, Harms & Myers, P.C., has successfully represented and handled collection matters for more than 56 years. Our attorneys know how to get results for our clients and they are dedicated to getting a satisfactory outcome. Contact our firm to speak with a lawyer about your needs for debt collection in Michigan today at (248) 645-2440 for a free no obligation consultation.

How to Negotiate a Payment Agreement!

Are you having trouble negotiating a payment agreement?

Does setting up a payment plan make sense?

Is your case becoming too difficult or too time consuming to handle yourself?

The key to negotiating a payment agreement is to ensure that things work out for both parties involved. However, just because your debtor agrees to pay doesn’t mean that they won’t need plenty of hand holding along the way. Remind your debtor to honor the deal!

According to Steven A. Harms, former senior partner with at Muller, Muller, Richmond, Harms, & Myers, P.C., “After you set up a plan where the debtor is to pay off the account in installments, you should closely monitor the account, watching for any sign that the debtor is falling behind again. After the payment plan is in effect, remind the debtor that you expect all installments to be paid on time.”

Ensure payments arrive on time by:

• Sending statements to your debtor in advance of each payment due date.
• Place reminder telephone calls.
• Call a debt collection attorney in Michigan to step up to your A game!

Let the debt collection attorneys in Michigan help you negotiate payment terms. The Muller Law Firm has been a successful collection law firm in Michigan for more than 56 years. This is possible because our experienced and qualified attorneys work hard to get results for you. Not only do we listen to our clients concerns, but we also help each of our clients figure out an effective strategy to collect their receivables.

Call Experienced Debt Collection Attorneys in Michigan Now!

If you’re a business owner, you may decide that having a debt 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.

Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our debt collection attorneys in Michigan today at (248) 645-2440 for a free no obligation consultation.

Post Judgment Costs: Are They Worth It?

Are you afraid of what filing a judgment could cost you?

Will it be worth what you end up paying?

Would it be better to just forget the debt?

There’s no need to worry when you have professional debt collection attorneys in Michigan on your side. Besides signing some paperwork, there’s very little else that you need to do. 

Post-judgment costs can vary depending on litigation, counterclaims, and how vigorously your debtor fights your claim. 

For cases that go to court, expect to pay certain litigation costs like filing fees, deposition fees, and subpoena and witness fees.

However, good sense dictates that your costs of collection should never exceed the receivable’s value. Why should you spend $100 to collect $50? Is it worth it to you? That’s something you have to decide for yourself.

Call Our Experienced Debt Collection Attorneys in Michigan Now!

If you’re a business owner, you may decide that having a debt 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.

The law firm of Muller, Muller, Richmond, Harms & Myers, P.C., has successfully represented and handled collection matters for more than 56 years. Our attorneys know how to get results for our clients and they’re dedicated to getting a satisfactory outcome. Contact our debt collection attorneys in Michigan today at (248) 645-2440 for a free no obligation consultation.