Collect Outstanding Debt with the Help of a Texas Business Litigation Lawyer
However, because you know time is money, you may not want to invest the time to go after the money owed to your business. Additionally, if your company is expanding, there are most likely a number of outstanding accounts receivable from multiple clients and vendors. Whether if there is one debt owed or a number of outstanding monies owed, a business should protect its interests and pursue debt collection actions from any party that owes them money.
When people do not live up to their payment terms and agreements, businesses - small and large alike - can feel the effects of overdue debts. Because there is a lot at stake with business disputes that can involve substantial finances and significant investments, many companies do not pursue and prosecute claims against suppliers, vendors, and customers like they should.
Most business owners do not have time to go after outstanding, past-due debt, so they turn to someone who can focus on the debt collection actions so that they can get back to work. A skilled commercial and business litigation lawyer will focus on recovering and resolving a client's business debt efficiently.
How is this done?
Lawyers skilled in this area of law will send payment demand letters to the party that owes the debt. They will attempt to make contact with the debtor, in order to bring the collection current. If the attempts are unsuccessful, a business litigation lawyer will assist their clients by filing liens and bringing the case to court. Once at court, a business may recover their debt through a judgment, lien filings, repossession of the collateral, and other legal remedies.
Learn how to protect your business and decide if pursuing commercial debt collection actions is the right move for your company. Call the Voss Law Firm and speak with an experienced Texas business litigation lawyer in a free legal consultation to find out your rights. Simply call (866) 276-6179 to schedule your meeting today and also order your complimentary copy of attorney Bill Voss's book, Business Disputes - Critical Information for All Business Owners. Download this book for free today.
The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.