Commercial Debt Collection & Judgment Enforcement Commercial Debt Collection involves identifying a debt, locating the appropriate responsible party or parties, seeking repayment, establishing a lien, and then enforcing that lien to compel repayment of the debt.
Commercial Debt Collection Services
Commercial Debt Collection involves identifying a debt, locating the appropriate responsible party or parties, seeking repayment, establishing a lien, and then enforcing that lien to compel repayment of the debt.
How Much Will This Cost?
One of the first questions a frustrated creditor often asks is, "How much is this going to cost me?" Looking around at various debt collection options, it is often difficult to get an idea of what the going rate might be. Most collectors have a minimum amount of about $10,000.00
Establishing A Lien
While a debt is an obligation to pay, a lien is ultimately a right to seize. There are different kinds of liens, but what they share in common is their power to encumber and possibly force seizure of a debtors assets. Statutes provide for a mechanics lien, materialmans lien, and a judgment lien, just to name a few.