Debt collection is essential for your company’s operations, particularly for achieving financial stability and improving the cash flow. When you collect debt on time, it enhances your business’s day-to-day operations and puts your company in the right direction to avoid financial complications.
In addition, timely debt collection from your clients can reduce free up your company’s resources, decrease the risk of incurring losses, and save time/money. The purpose is to streamline your company’s assets and stay competitive in the market without worrying about financial issues.
However, debt collection is a daunting and time-consuming task, especially when the debtor refuses to pay or makes excuses from time to time. Remember, this can take a massive toll on the financial aspect of your business. Collection attorneys implement different ways to optimize the debt collection process.
However, when all these methods fail, the collection attorney initiates the forced sale of real property owned by the debit. It is a sophisticated method to recover your money from the debtor and improve your business. Remember, this technique is feasible when the property’s value is higher or equal to the debt owed by the debtor. Read on!
Effective and Quick Action
Although there are dozens of debt collection firms, choosing a reputable service is not easy. It requires careful planning because a small mistake can lead to significant complications and sabotage the entire process.
That’s why hiring a professional service is critical to streamlining the debt collection process. Collection Attorneys USA is a reputable firm with years of experience. Our company believes in taking effective and immediate actions. Although negotiations with the debtor are a suitable way to recover debt, sometimes, it is better to perform the forced sale of real property.
So, our experienced attorneys will make substantial efforts to apply pressure on the debtor and ensure they pay the money owed to you. However, when the debtor makes excuses and does not respond to our negotiation efforts, we will initiate the forced sale of the debtor’s real property.
Aggressive Collection Plan
Generally, it is challenging for debtors to ignore your requests when you apply constant pressure. However, the debtor can outsmart you and leave you in misery if they know how to encounter each of your tactics.
So, this is where a collection attorney with years of experience can develop an aggressive collection and follow a step-by-step approach to tangle the debtor who is unwilling to pay.
In addition, we develop a collection plan tailored to your needs and carry out each step thoughtfully and professionally. The purpose is to apply steady pressure to the debtor and ensure they pay on time.
On the other hand, if the debtor does not respond or refuse to pay, our collection attorney will use their extensive knowledge and years of experience to carry out the forced sale of real property.
Forced Sales of Real Property
Although the forced sales of a debtor’s real property is an excellent way to collect the debt, it is a daunting and time-consuming task if you carry out the process yourself or hire an amateur attorney.
Collection Attorney USA is a professional company with years of experience in debt collection. Our skilled attorneys can execute the forced sale of real property efficiently and quickly while giving you peace of mind.
We follow a thorough and step-by-step approach based on the law to ensure the successful forced sale of the debtor’s real property. First, our attorney will obtain a writ of execution, inform the sheriff, and provide essential guidelines.
Next, our attorney will record the write of execution and prepare the notice of levy. Remember, this is a critical task and requires persistence and patience. So, based on the law, we will wait for four months or 120 days and delve into details.
After four months, our collection attorney will work on recording and publishing sales notice, conducting the auction, and recording deed in favor of the bidder willing to pay the highest amount for the debtor’s real property.
Final Words
Debt collection is an integral part of your company’s financial operations. Not collecting debt on time can break your business, increasing the risk of bankruptcy. So, if you have implemented every technique and method to collect the debt and failed, hire our collection attorney’s services to force the sale of the debtor’s real property (if any). Contact us today.
