One of the biggest risks of doing business is the possibility that another company will fail to make promised payments for your goods or services. The experienced business law attorneys at Feldstein Grinberg Lang & McKee, P.C. in Pittsburgh employ effective strategies to collect on delinquent accounts, both for business-to-business debts and for consumer debts. We walk the fine line between diligently recovering the money you are owed and representing your business in a positive and ethical manner.
If a business in breach of contract does not respond to debt collection letters or offer to negotiate a fair payment plan, the decision to litigate or not squarely resides with you. In most cases, you are also in control of whether or not to accept partial payment from the defaulting debtor. The amount of debt, your relationship with the debtor, the age of the past-due payment, the expense of litigation and the debtor’s ability to pay are all factors to consider. If there is a large amount of money involved, there are no issues with the contract that may complicate the litigation, and you do not have an ongoing business relationship with the debtor, a collections lawsuit is usually in order. Our business litigation team is skilled at taking the steps necessary to enforce your rights as a creditor.
The Fair Debt Collection Practices Act (FDCPA) prohibits certain aggressive methods when dealing with consumer debts. However, the law does not apply to commercial debts.
Many businesses choose to hire a collection agency to recover the payments they are due. However, there are a number of advantages to hiring an experienced business-services lawyer to handle your collection needs. An attorney can take the following actions that a collection agency cannot:
Your attorney also lends an air of professionalism to your debt collection effort. A debt collector does not have that kind of reputation.
Trying to collect commercial debts on your own or assigning an employee to the task can divert important resources from crucial projects and day-to-day tasks. Choosing a professional and ethical legal team to handle the job lets you keep your attention on business, with the confidence that collection efforts are being pursued efficiently.
The business law attorneys at Feldstein Grinberg Lang & McKee, P.C. in Pittsburgh collect commercial debts on behalf of Pennsylvania companies. To schedule a free, 15-minute case evaluation, call us at 412-301-7395 or contact us online.