Bender Commercial Collection Law
New Jersey Business Collections Attorney
Our recent collection law blog articles
When it comes to collecting past-due invoices, unlike fine wine, unpaid invoices age like milk. The longer they sit, the more likely they are to spoil. Early detection and action are therefore the key to getting paid. This article will discuss the need to move quickly when collecting past-due invoices.
If you sell on credit, at some point you’re likely to have accounts receivable collections issues. Fortunately, you can develop internal policies for detecting problem accounts early and collecting them with or without litigation. This article will discuss several useful policies for collecting accounts receivable.
A common question in AR collections is whether you can make the customer pay your debt collection law firm. The answer depends on whether there’s a recognized basis for shifting fees. This article will discuss when and to what extent you can recover attorney fees in AR collections litigation.
To make sure you get paid, your credit policies should appeal to the customer’s self-interest. Offering discounts and charging penalties can serve as the carrot and stick. This article will discuss how to avoid debt collection for unpaid invoices by motivating your customers to pay.
Prompt, clear, and accurate billing is essential to your cash flow and increasing your bottom line. It’s also easy to implement. This article will discuss how these simple billing practices make collecting receivables easier and should be part of your regular credit procedures.
Handshake deals can be unenforceable, can be hard to prove and can damage customer relationships. To improve your Accounts Receivable collections, you should “paper the sale” by putting all terms in writing. This article will discuss how written agreements help AR collections and can make them unnecessary.
Your credit terms will make collecting receivables easier by setting a clear time for payment, motivating the customer to pay and giving you home field advantage in any collection action.
Before extending credit to new customers, you’ll want to know if the customer is able to pay, is likely to pay, and is likely to pay on time. This article will discuss how to vet new customers and make good credit decisions that avoid the need for B2B collections.
In accounts receivable collections, prevention is the best medicine. Adopting these policies should help you avoid non-paying customers, thus minimizing collection headaches and maximizing your profits.
Not all collection matters require a commercial collection lawyer. If your business has unpaid receivables, it depends on the kind of debt and who your customers are. This article will discuss what commercial collections is, and what it isn’t, so you can determine the type of collection lawyer you need.