Commercial Collection Litigation

What Is Commercial Collection Litigation?

Commercial Collection Litigation is a process wherein third parties, who have fallen behind in their payments for the goods that they bought from you, or the business entities you engaged with, take legal actions against you and your companies. In simple terms, the collection process involves holding you accountable for repaying the debts that were outstanding from your business transactions. The legalities involved with Commercial Collection Litigation make it a bit complex to understand and this is why many people simply avoid it like the plague. Commercial Collection Litigation is nothing more than an action taken by any of the following entities: creditors, business entities, collection agencies, or purchasers of goods.

Why is Commercial Collection Litigation important? Well, Commercial Collection Litigation can be used to harass you, force you to pay up or get out of your way, garnish your wages, repossess your properties, or even take your business away from you. If these things happen to you, it may not seem fair but if the person who was the cause of all the misery wishes to pursue the person who is responsible, then you have no say in the matter. It is best that you try and work things out with the concerned party as quickly as possible. Otherwise, the entire process of commercial collection litigation can become very expensive and time consuming.

What is Commercial Collection Litigation? So, now that you have read about the process of Commercial Collection Litigation, what is it? Commercial Collection Litigation is the process whereby a creditor or a collection agency tries to recover money from a business entity because they are unable to pay for something that the entities did not pay for. Commercial Collection Litigation exists to ensure that the creditors, collection agencies, and business entities do not suffer due to debt repayment. If you wish to know what is Commercial Collection Litigation, then you should consult with an attorney who specializes in Commercial Collection Litigation.

Commercial Collection Litigation

If you are a business owner and you have been the victim of an act of theft or if you have been a victim of fraud, you may wish to consider commercial collection litigation. Commercial collection is the legal name given to the process of recovering unpaid debts from businesses, corporations, government agencies, and individuals for amounts in excess of $10000. Commercial collection can be used to pursue debt collectors for debts that are past due, and can also be used in civil court cases against businesses that refuse to pay their workers’ compensation or fail to make employee benefit payments. There are many different laws that apply to commercial collection and you should consult with a commercial collection attorney to see what your rights are under any specific laws.

Commercial collection litigation is often a lengthy and arduous process. You will need to file a complaint in the appropriate county courthouse and then wait for the defendant to respond to your complaint before going to trial. After a successful judgment in a commercial collection case, the plaintiff is awarded all of the funds recovered as well as interest and fees. You can recover not only large debts but also credit card bills, back taxes, unpaid medical bills, and many other types of debt.

Many people are wary of filing commercial collection litigation because they believe that they do not have the financial means to pay the judgment. This is simply not true and the fact that it is not the case is due to the nature of the underlying lawsuit. Commercial collection litigation is not designed to help people stay afloat. Instead, it is a way for businesses to protect themselves from being forced to pay uncollectible amounts for past due invoices and to ensure that they remain current with all of their monthly bills. For this reason, the process of commercial collection is not for business owners looking for a way out of paying a debt.

Commercial Debt Collection Lawyer – Why You Should Use One

In case you are not sure of the ways to handle your debt collection situation, you should consider hiring a Commercial Debt Collection Lawyer. If your company is not able to make its monthly payments to creditors, the Commercial Debt Collection Lawyer will have to negotiate with the creditor on your behalf. They may also be able to negotiate a settlement where the creditor agrees to pay only the outstanding amounts on the loan that is given to the debtor. In this way, the debt collector will only be paid the money that is still owed to the company.

One of the main reasons why you should hire a commercial debt collection lawyer is that they know how to talk to the people of power in order to get the best deal. Although there is nothing illegal or improper in the way that they do their job, they have more power and ability to get a better deal for you than you do. They can also gather up past due information from your company so that you do not need to do it yourself. This means that you will have an accurate and up to date account that you will be able to use to make your payments on time.

The right commercial debt collection lawyer can also work with the collection agency that you currently use in order to get a better deal than what you currently have. This is because they are familiar with the processes that the agencies use and can therefore save you money. However, before you try negotiating with your collection agency, you should at least consult with a Commercial Debt Collection Lawyer first.

Debt collection defense lawyers

Debt Collection is a legal term for collecting a person or company’s unpaid debts from another person. The practice is rampant throughout the country, as many people get behind on their bills and need to be taken in by the collection agencies to pay them. When these collection agencies buy the debt from a creditor, they buy that entire amount owed for the sole purpose of paying the original creditor off. With this in mind, it’s obvious that if you’re being forced to repay a debt and there is no way out, it is best to get help from a debt collector’s lawyer who will argue your case in court and ensure that the creditor gets paid.

Debt Defense Lawyers

When you receive a complaint from a third-party collection agency, credit company, or a creditor, it’s in your best interest to immediately hire a debt-defense lawyer. A collection defense lawyer can help you negotiate for a decrease in the outstanding amount and dispute other wrongful collection acts or excessive collection amounts, thereby saving you a lot of money. If you’ve been receiving threatening calls or mail from an unknown collection agency, it’s even more important to immediately see a professional debt defense lawyer. These professionals will assist you in getting a fair settlement, which will reduce your stress level and help prevent future similar situations.

Our debt defense lawyers

Our Debt defense lawyers have represented customers in countless collection situations. If you are being filed a claim against by a charge card business or a third party collection company, it is best to call our debt defense attorney to ask about your legal rights. Here are some examples of when our legal representatives can assist:

– You have actually gotten a suit from a credit card firm or a financial institution, like a store or money company, and also you are not exactly sure if the amount they are asking is proper, or you do not believe that you owe the financial debt;

– You have actually received a lawsuit from a third-party collection agency (a collection agency or financial obligation settlement business) and also you are not exactly sure if they can gather the debt;

– You have received a legal action and would love to settle it prior to trial, however, for less than what is asserted, or for payment terms that you can afford (ideally interest totally free). If you obtain a suit from a debt collection agency, our collection defense lawyer will assist you contest illegal collection efforts or contest any kind of inflated amounts charged by your financial institutions. Several of our clients are shocked to figure out that we can decrease the quantity they eventually pay in their claim. We highly urge anyone that is facing a legal action from a collection company to call our firm to review their circumstance.

RECENT VERDICTS AND SETTLEMENTS

$4,221,000 verdict for woman who was raped
$1,150,000 settlement for worker who sustained a spinal injury after falling off a U-Haul truck while painting ($1,000,000 insurance policy)
$750,000 settlement for passenger in motor vehicle accident who sustained injuries to her knee, shoulder and hip that required surgery
$325,000 settlement for woman who sustained burn injuries from a steam pipe in her bathroom
$240,000 verdict for passenger in motor vehicle accident that sustained a shoulder injury requiring surgery, neck and back herniations. Plaintiff had prior suit claiming permanent injury to same parts of her body
$100,000 verdict for driver in motor vehicle accident that sustained neck and back injuries whose treatment consisted of four months of physical therapy

OTHER VERDICTS AND SETTLEMENTS

$5,500,000 settlement during trial for parochial school students who were exposed to teacher with Tuberculosis
$4,000,000 settlement for construction worker who sustained bilateral ankle fractures requiring open reduction and internal fixation
$3,825,000 settlement for wife and children of September 11 World Trade Center victim whose remains were never recovered (pro bono representation)
$3,800,000 settlement in medical malpractice action for brain-damaged baby with cerebral palsy and seizures resulting from oxygen deprivation to and water on the brain at birth
$3,500,000 settlement for three sisters who were sexually abused by another foster child in the foster home after being placed in foster care by the city of New York
$2,400,000 settlement after trial and appeal for union electrician who sustained partial amputations to fingers on both hands when 800 pound spool of cable broke free while being lowered down stairs with make-shift rope pulley — expanded the coverage of Section 240(1) of the Labor Law to include “force of gravity on objects” in addition to falling worker/falling object cases
$2,225,000 settlement for pedestrian struck by motor vehicle resulting in 26-day coma, skull fracture, traumatic brain injury, numerous fractures and impaired cognitive and perceptive functions
$1,800,000 settlement for construction worker who fell from scaffold and fractured forearm and wrist requiring 3 surgeries and internal fixations
$1,700,000 settlement for construction worker who fell off ladder and required spinal surgery with internal fixation that failed
$1,450,000 settlement for construction worker who fell through unprotected skylight on roof sustaining arm and leg fractures
$1,240,000 settlement for 18- year old as the result of medical malpractice in failing to diagnose cancer
$1,000,000 settlement for construction worker who fell down debris-filled staircase at construction site with no handrail resulting in neck surgery, back and hip injuries
$1,000,000 settlement for passenger in motor vehicle that was rear-ended resulting in spinal surgery with fusion and internal fixation
$950,000 settlement for passenger on interstate bus involved in a collision resulting in traumatic brain injury
$875,000 settlement for children of mother who died as a result of failure to diagnose and treat Crohn’s Disease
$745,000 settlement for motorcyclist struck by NYPD vehicle resulting in hip and ankle fractures, both of which required open reduction and internal fixation
$700,000 settlement for pedestrian who slipped and fell on sidewalk that was not properly shoveled/treated after ice and snow storm resulting in severely comminuted and displaced right arm fracture requiring open reduction and internal fixation and additional surgeries
$500,000 settlement for tenant of apartment building who tripped and fell while descending stairs that had just been mopped resulting in fractured left shoulder and multiple surgeries
$500,000 settlement for home healthcare worker who tripped and fell due to mis-leveled elevator resulting in closed head injury, impaired cognitive functions, neck, shoulder and back injuries
$390,000 settlement for passenger in Police Department van that ran red light and struck another vehicle resulting in injuries to neck, back and shoulder
$350,000 settlement for motorist who sustained injuries to neck, back and shoulder when tree fell on his vehicle
$275,000 settlement for pedestrian who tripped and fell on raised sidewalk flag resulting in tri-malleolar fracture of ankle requiring open reduction and internal fixation
$260,000 settlement for pedestrian who was thrown to the ground by unrestrained dog and sustained fracture to hip which required surgical pinning and fracture to spine
$250,000 settlement for commuter who tripped and fell on defective step on staircase in Penn Station resulting in multiple shoulder tears requiring surgical intervention and fractured rib
$240,000 settlement for pedestrian crossing street who was struck in crosswalk by turning bus resulting in crush injuries and fractures to her hand
$225,000 settlement for bystander who was assaulted by police officers and detained without being arrested who sustained injuries to his face, hand and legs

Commercial Collection Litigation

What Is Commercial Collection Litigation?

Commercial Collection Litigation

Commercial Debt Collection Lawyer – Why You Should Use One

Our debt defense lawyers

RECENT VERDICTS AND SETTLEMENTS

OTHER VERDICTS AND SETTLEMENTS

we will assist you

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Joseph T. Mullen, Jr. & Associates

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