Our contingent rate conforms to the guidelines of the Commercial Law League. We then use our computer system to follow the claim, insuring that it is either collected by payment or payment program. Many claims that are sued result in a default judgment against the debtor. Once a judgment is entered, it can be enforced by execution against the debtor's personal property, including wages, bank accounts, vehicles, equipment and machinery, inventory, and accounts receivable. We will also record the judgment as a lien against any of the debtor's real property, which in some cases can be sold by execution sale to satisfy the judgment.
Some debtors dispute collection claims.
If that occurs before we start the lawsuit, we substantiate the claim from documents furnished by the client. If the debtor does not dispute the claim until after we commence the lawsuit, our commercial litigation attorneys take over the claim. If the motion is not successful, or inappropriate, we will place the case on the court calendar for trial or arbitration. When funds on a claim are collected, the funds are remitted to the creditor after the payment has been cleared through our bank. If the debtor tries to avoid responsibility for the debt by seeking bankruptcy protection, we can pursue the claim in bankruptcy court, but usually on an hourly-fee basis.