Business collections, or commercial debt collections, are often necessary for any business that provides goods or services to other businesses. While debtors should pay their obligations on time, some businesses do not live up to their agreements. If your business is struggling to collect debts, you need an experienced Dallas-Fort Worth business collections attorney.
At Ryan G. Cole PLLC, we regularly collect on the following types of commercial debt:
- Debts for goods and services sold and delivered
- Loans, guarantees, promissory notes, and other negotiable instruments
- Rent arrears – commercial leases and guarantees
- Fees owed to law firms, accountants, and other professionals
We also handle claims of unjust enrichment, including claims of fair value for goods and services provided without a formal contract, and a broad range of contract-related litigation. Our collections attorneys know how to locate debtors, identify their assets, and collect unpaid debts. Leave your business collections to us so that you can focus on running your business. Call our office today for a consultation.
About Business Collections in North Texas
Business collections start as soon as the agreed goods or services are delivered. Once a contract is signed, the client or debtor owes payment according to the terms of the agreement. The business providing the goods or services (the creditor) is responsible for collecting what’s owed.
When the debtor cannot or refuses to pay, a business collections lawyer can step in on the creditor’s behalf and collect the debt.
Ryan G. Cole PLLC represents clients in the areas of commercial debt collection litigation and enforcement of creditors’ rights. Our comprehensive legal services include:
- Pre-suit collections
- Collection litigation
- Judgment enforcement
- Asset location
- Replevin and receivership actions
- Bankruptcy and insolvency litigation
- Proof of claims
- Motions for relief
- Adversary proceedings
Pre-Litigation Collection
Our pre-litigation collection services start with a series of demand letters as well as targeted collection calls with an emphasis on dispute resolution. Given the time and expense of collection litigation, we work to help our creditor clients achieve recoveries through settlements but will litigate, if necessary, to achieve the desired result.
Business Collections Litigation
Our business collection attorneys have extensive experience in commercial debt collection cases in Dallas-Fort Worth and throughout Northern Texas. We contact business debtors and their counsel at each phase of the process in an effort to recover payments owed to our creditor clients. Well-versed in the rules and standards established by the Commercial Collection Agency Association (CCAA), we have a track record of achieving positive outcomes.
Judgment Enforcement
At Ryan G. Cole PLLC, we help creditors realize a high percentage of debt recovery post-judgment. We know that obtaining a judgment is only half the battle: enforcing a judgment can be more difficult than winning a lawsuit. We regularly collaborate with outside investigators to conduct exhaustive research of public records to:
- Obtain information about judgment debtors
- Locate their business and financial assets
- Levy and liquidate judgment debtor assets to satisfy client judgments
We are particularly adept at obtaining recoveries when judgment debtors attempt to evade creditors through fraudulent conveyances. When necessary, we prosecute post-judgment litigation seeking turnover orders, bank garnishments, or the appointment of a receiver.
Why Choose Us?
Collecting unpaid commercial debt can be a burdensome task and an unnecessary distraction from running your business. At the same time, uncollected business debts can result in write-offs and losses that adversely impact your profits. With so much at stake, having an aggressive Dallas business collections attorney is essential.
At Ryan G. Cole PLLC, we have a proven history of expediently collecting business debts, enforcing our clients’ right to payment, and recovering a high percentage of monies owed. When you become our client, we will work to protect your interests and your bottom line. You can depend on our collections attorney to handle all the details. We will:
- Prepare and send demand letters and notices to debtors, clearly stating the amount owed, the due date, and any additional charges or penalties
- Engage in negotiations with the debtor and their legal counsel to reach a settlement or establish a repayment plan
- Evaluate the debtor’s financial situation, assess their ability to pay, and work toward an agreement that is in your best interests
- Initiate legal action if negotiation and settlement attempts are unsuccessful
- Handle all aspects of the litigation process, including gathering evidence, drafting legal documents, and arguing the case
- Take steps to enforce the judgment, if necessary
Above all, we will protect your rights and interests and maximize the chances of successful debt recovery.
Talk To An Experienced Dallas-Fort Worth Business Collections Attorney Today
Whether your business needs assistance collecting unpaid business debts or enforcing a judgment, Ryan G. Cole PLLC is the law firm of choice for business collections. Contact our office today to get started.