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Madison County Collections Attorneys
Your ability to collect debts owed to your business can greatly impact the success of your company. It’s common for many businesses to be uncertain about how to proceed if a debtor is behind on payments or not responding to inquiries at all. Improperly seeking recovery of debts can not only adversely affect your relationship with clients, but it could also violate the law. If you are struggling to collect from a debtor, a skilled collections attorney can help you secure payments in a timely and appropriate manner. The attorneys at GDS Law Group, LLP have helped many people in this difficult situation, and we know how to assist you in recovering as much as possible.
To speak with an experienced Madison County collections attorney about your situation and options going forward, contact GDS Law Group, LLP today. You can call our office at (765) 313-7092.
Why Hire A Collections Attorney Over A Debt Collection Agency?
There are many collections agencies that offer services to those seeking to recover money owed. While these agencies are capable of working within the law as they try and collect on your behalf, they are limited in some capacities. A collections agency will not be able to represent you in court. They can request payment, but you would either have to hire a lawyer if they are unsuccessful, or they will hire a lawyer for you and pass the expense on to you. When you are working with a lawyer to collect a debt, you have counsel who will understand the legal requirements and ramifications of the entire process starting at the beginning. A debt collection lawyer can handle every step needed to recover your funds, from formally requesting payment to filing and winning a lawsuit if necessary.
We Represent Businesses And Individuals Trying To Collect
GDS Law Group, LLP has years of experience representing a diverse set of clients as a collections law firm. We have been able to help businesses of all sizes as well as private individuals in a timely and proper manner. Having a diversified legal background allows for us to understand your needs no matter what may be the details of your situation. We can help you in with the following:
- Unpaid loans
- Collecting past due rent from current tenants
- Collecting unpaid rent from former tenants
- Collection of accounts receivable
- Breach of contract actions
- Fees owed for professional services
Our Collections Process Protects Your Interests
Federal and Indiana debt collections laws can be very harsh against a creditor who is employing practices that are considered to be abusive. For this reason, it’s best to have an experienced collections lawyer who understands effective practices that don’t end up costing you more in the long run. Additionally, our experience in these legal procedures allows for us to give you a reasonable expectation of the time and difficulty that you may face in our efforts to collect for you. After receiving and reviewing your documents, we will establish a thorough plan to recover your debt in a manner that is best for you and your business. The general process includes:
A Demand Letter
A GDS Law Group, LLP lawyer will send a letter asking that the debtor pay what is owed. If they respond, we will try to set up a payment schedule out of court that works for all parties.
Filing A Lawsuit
If the demand letter is unsuccessful, a lawsuit can be formally filed in Madison County court. The court will attempt to locate and formally serve the debtor with the official complaint, and hopefully, this convinces them to work with us and quickly resolve the issue.
Obtaining Judgment At Trial
If the other side cannot legally dispute the facts we argue, an agreed judgment will be entered. If there is a dispute, we will be prepared to enter litigation and obtain a favorable resolution to the proceeding.
After judgment is granted, we will be able to secure payment of the debt by attaching liens on the debtor’s real estate and filing for wage garnishments, if necessary.
An Attorney From GDS Law Group, LLP Can Help You
Business debt collection can be a stressful and tedious problem for anybody. You need to recover the funds owed, but you do not want the process to take too long or be more trouble than it’s worth. Whether you are seeking to collect a loan that you gave, need to collect professional fees, or require rent recovery solutions, and experienced collections attorney can help you. You should not delay in speaking with your general practice lawyer about your business and your options to collect the money that you are owed.
The Madison County collections attorneys at GDS Law Group, LLP have helped many people collect funds owed to them. We understand every aspect of the legal process, and we know how it can affect a creditor seeking their funds. After reviewing your case, we can give you a clear understanding of how we plan to help you. To speak with an experienced attorney, call our office at (765) 313-7092 or use our online contact form.