Whether you are a commercial lender owed money or a debtor who owes money to a creditor, you need proper legal representation to help ensure your rights are protected. A commercial collection attorney in Florida can represent you, so that you are properly protected against unfair legal judgements. Here’s when you should contact a collections attorney.
Contact a Commercial Collection Attorney in Florida When You’re Having Trouble Collecting on a Debt
A commercial collection lawyer can file a lawsuit to help you recover your debts unpaid. When a delinquent borrower fails to keep a payment or repayment agreement, your business shouldn’t have to suffer. As a creditor, you likely have your own debts to pay. That means you need to collect money you’re owed, so you can pay your own loans. In the state of Florida, you only have five years to collect on a debt. Otherwise, you may not file a lawsuit against your debtor. It’s important to contact a lawyer as soon as possible. They will quickly begin the process of collections to ensure you are paid in a timely manner.
While hiring a debt collection agency is one option, it is not the best option because it can end up costing you more money in the long run. You may also have to wait longer to collect your money than if you hire an attorney.
Hire a Collections Litigation Attorney When Your Your Business Is Having Trouble Paying Your Debts
When you’re experiencing issues meeting the terms of repayment after borrowing money, a lawyer can help protect you against the collections process. Your lender likely has an attorney to help them collect. So, you should also have a lawyer working for you to help keep you out of the collections process. To help keep your business afloat, your collections attorney may be able to help you renegotiate the loan terms or otherwise help you avoid being sued.
For the Best Commercial Collection Attorney in Florida, Contact K/S Law
Our skilled attorneys have experience with collection claims and have helped many commercial lenders and debtors come out on top.We offer free consultations to evaluate your case and determine whether you should proceed through the legal system. Call our Boca Raton office today at 561-939-8042 to schedule your appointment with one of our commercial collection lawyers!