What Can You Learn from a Call with Your Debtor?

Have questions for your debtors?

They might answer them without you asking. Listen carefully and you’ll uncover pearls of information from debtors including information you can use later to collect the debt, such as after you’ve obtained a judgement and are looking for assets to attach.

You might hear:

• Whether the debtor can borrow money to pay you: “I’ve got an application in to the Small Business Administration for a loan to pay you and other creditors.”
• Information that explains why you haven’t been paid – and whether you’re likely to be paid: “I fell off a roof and haven’t been able to work for six months, and all my employees left me to work for others.”

Although you want to pick up all the information you can that’s relevant to collection, a conversation with a talkative debtor can quickly spin out of control. When that happens, try to bring the conversation back under control.

Learn more about controlling the call through listening!

Debt Collection Services in Michigan Since 1961!

Since 1961, our top-rated lawyers have been dedicated to professionally and aggressively pursuing the money you’re owed in a straightforward, ethical manner. With offices in Birmingham and Grand Rapids, we handle claims against debtors located in Michigan, even if you are located out of state or out of the country.

If you want to use debt collection services in Michigan, your first step is easy. Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. Don’t let the money owed to you go away- get started today! We look forward to hearing from you.

How to Control the Conversation, Even While Listening

What can you obtain while on a call with a debtor?

How can you use this information to your advantage?

The expression “out of the mouths of babes” is applicable to many conversations with debtors. Listen carefully and you’ll uncover pearls of information from debtors including information you can use later to collect the debt, such as after you’ve obtained a judgement and are looking for assets to attach.

Good listening can help you uncover:

• Where the debtor banks: “That bank of mine, Comerica, refuses to loan me more money.” This information can be used for future garnishments.
• Who owes your debtor money: “As soon as I get my money in from Ford, I can send you a check.” This information can also be used for future garnishments.

See what else you can learn by listening to your debtor!

Debt Collection Services in Michigan Since 1961!

Since 1961, our top-rated lawyers have been dedicated to professionally and aggressively pursuing the money you’re owed in a straightforward, ethical manner. With offices in Birmingham and Grand Rapids, we handle claims against debtors located in Michigan, even if you are located out of state or out of the country.

If you want to use debt collection services in Michigan, your first step is easy. Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. Don’t let the money owed to you go away- get started today! We look forward to hearing from you.

How to Successfully Seize Your Debtor’s Assets

If you know about your debtor’s assets, like inventory, equipment, vehicles, watercraft, or other personal or real property, you can ask the court to issue a writ to attach property, sometimes referred to as a writ of execution or a writ to seize property.

We can help you form a successful debt collection strategy for seizing your debtor’s property. Most states require that you use writs to attach property against personal property first and real property second. Certain types of property are exempt from execution. For example, a home owned by both a husband and wife would typically prevent attachment unless your judgment is against both of them.

Learn more about the process of seizing assets!

Take the First Step! Contact an Attorney for Debt Recovery in Michigan Today!

If you need the help of an attorney for debt collection in Michigan your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.

How Does the Process Work for Seizing Assets?

 You complete a writ to seize property, the court formally issues the writ, and the writ is then given to a court officer or deputy sheriff. After that, the following happens:

• The officer contacts the debtor to see if the judgment can be paid without the need of a levy on assets, or the officer levies on assets to impress upon the debtor the importance of paying the judgment.

• If the officer levies on the debtor’s assets, the assets are transported to another location for safe storage for a minimum of ten days. If many items are seized, such as the inventory of a business, the officer must inventory them and organize them for sale.

• During the time the items are in storage, the debtor may redeem the assets by paying the full judgement, plus expenses and accumulated interest.

• If the debtor fails to redeem the assets, the levied items are sold at a public auction. 

• The levied items are sold, and the officer pays all costs and expenses associated with the proceeds from the sale.

Learn more about seizing assets!

Take the First Step! Contact an Attorney for Debt Recovery in Michigan Today!

If you need the help of an attorney for debt collection in Michigan your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.

Debtor Refusing to Pay? Consider Your Post Judgment Options

Have a judgment, but not sure what to do next?

Is your debtor still refusing to pay?

Sometimes a debtor will pretend to negotiate with you to stall for time. If you enter into an agreement that involves payment over time, what happens if your debtor doesn’t make the payments? We suggest that you enter your payment plan in the form of an order with the court and include an acceleration clause. If a payment is late, then the entire remaining balance becomes due.

Learn more here!

Make the First Step! Contact a Debt Collector in Michigan Today!

If you need the help of a debt collector in Michigan, your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.

 

Considering Your Post Judgment Options

Have a judgment, but not sure what to do next?

Considering your post judgment options?

At this point, your debtor falls into one of the following three categories:

1. eager payer
2. negotiator
3. deadbeat

Learn more here!

Make the First Step! Contact a Debt Collector in Michigan Today!

If you need the help of a debt collector in Michigan, your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you. 

Knowing the Basics for Turning a Judgment into Cash

Over the course of collecting accounts, you find debtors who pay the moment they receive your first letter or phone call, as well as debtors who won’t pay and who constantly test you to see how hard you’ll pursue the collection. If you have to get a judgment, you already know you’re not dealing with an easy case. If your debtor can afford to pay you but chooses not to pay, he or she will probably avoid paying until no alternative remains.

Learn more here!

Make the First Step! Contact a Debt Collector in Michigan Today!

If you need the help of a debt collector in Michigan, your first step is easy! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. We offer a free consultation and strategy meeting, no fees unless you win! Don’t let the money owed to you go away – get started today! We look forward to hearing from you.