Minneapolis Collections Lawyer
It happens all too often. A professional service firm or medical practice, a small business, a contractor, sub-contractor or a merchandiser gets left with bounced checks, unpaid invoices, invalid credit cards, non-payment of loans and other debt.
Our Procedure
At the Twin Cities Law Firm, LLC, we typically, but not always, take the same steps in every collection case. First we will send out a letter. Often times the law firm letterhead is enough to get the debtor to pay. Where this is the case, you avoid any legal recourse against the debtor, which undoubtedly saves you time, energy, and money. Sometimes an additional letter and/or phone call takes place. When this happens and the debtor still refused to pay, we usually will file a law suit. We don’t waste time, normally filing a lawsuit within one month of the date that you hire, if not sooner.
Once the lawsuit is filed in court, and the debtor is notified of the lawsuit, he is required to respond. If he does not respond to the lawsuit, the creditor can request a default judgment, which in essence means he ‘wins’ his lawsuit. At this point, the collection process may actually begin despite the fact that the debtor is still not cooperating. The court may either garnish up to 25 percent of the debtor’s wages, or it may require the selling of the debtor’s assets such as car, real estate, or bank accounts (known as a lien) to satisfy his debts.
Filing a lawsuit in our opinion is the best course of action you can take when you are owed money and the debtor won’t pay because it forces them to respond. They may end up declaring bankruptcy or they may start paying, but either way it puts pressure on them and gives you an answer.
Commitment to Excellence
At the Twin Cities Law Firm, LLC, we understand that each case is different and listen carefully to each of our client’s unique situations. Regardless of the type of case, we are dedicated to meeting your individual needs. We also make sure that you always understand your options throughout the course of your matter. We place emphasis on client communication and availability to our clients.
