Bender Commercial Collection Law
New Jersey Business Collections Attorney
Our recent collection law blog articles
In accounts receivable collections, after you call the customer, whether you should sue or settle will depend on his response. In this article, we’ll discuss different responses you’ll receive, and whether litigation or diplomacy is your better option.
While demand letters that threaten suit are common in business debt collections, they don’t often work. This article will discuss why demand letters are usually ineffective, and why diplomacy and litigation are your best tools for getting paid.
Whenever you have past-due accounts, the first thing to do is contact the customer. In this article, we’ll discuss the importance in commercial debt collections of reaching out early, understanding the customer’s reasons in the hope of resolving them, and documenting them in case you have to sue.
In most cases, there are 3 basic reasons a customer doesn’t pay: either it can’t pay, it doesn’t want to, or it has a genuine dispute. How you deal with nonpayment should depend on the reason. This article will discuss a practical approach to collecting unpaid invoices in each situation.
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.