Bender Commercial Collection Law
New Jersey Business Collections Attorney
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.
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.
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.
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.