While the great majority of accounts that we handle are resolved internally, there will be cases that are impossible to resolve amicably. When this happens, with your permission, we will assign the case to an experienced attorney. You should not undertake this action lightly because the legal process is complex and time-consuming, and offers the debtor numerous ways to delay settlement.
Legal Collection Forwarding
Once we and the attorneys have identified that we have a suit-worthy debtor, we will ask our client to provide court costs to commence the lawsuit with the filing of the complaint. We will monitor the entire process from beginning to end in an effort to maximize the recovery and shorten the length of time in which that recovery process takes place. A winning plaintiff receives a judgment in court.
A judgment creditor can use various means to collect the judgment. The judgment is good for a specified number of years ( each state is different) and then may be renewed by a filed request. If the defendant-debtor files for bankruptcy, the judgment creditor will have priority ( the right to share in assets) ahead of general creditors who are not secured by mortgages or deeds of trust and do not have judgments.
However, if the bankrupt person has no assets, this becomes an empty advantage. Some defendants ignore judgments against them, and thereby force plaintiffs to employ writs of execution to enforce judgments.
Qualified, Experienced Attorneys
Attorney relationships are reviewed periodically both for results and quality assurance. We always try to use experienced, qualified attornies who are also listed with the American Lawyers Quarterly or The Forwarder’s List, firms that also presently offer from $1 to $2 million bonding protection.
The Leib Difference
The attorney forwarding and suit processes can be complex and are dependent on local laws requiring expert advice and representation. Leib Solutions has been in the collection business for over 30 years and has the knowledge, experience and the expertise required to help bring your collection needs to a positive conclusion.
Please contact us with any questions you may have about our Legal Collection Services.