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Alan M. Cohen LLC | collectionslaw

Do you need a debt recovery attorney?

Mar 15th 2019 at 3:17 AM

Whether you want to recover a debt entirely or are trying to reach a better debt settlement, a debt collection attorney can help you with cost-effective and successful debt recovery. With the help of a legal expert, you vastly improve the odds of getting back your money in quick turnaround time, without the arduous process of seeking a civil judgment.

There are many reasons why you should seek legal help for your debt recovery process. Law professionals have the right set of skills for collecting debt, understanding all of your legal options and rights. They will take care of everything, from preparing and arranging the files, representing you in court and understanding the best strategies to help you get successful results.

But before you seek legal advice or help, you should ensure you have used all strategies to recover debt on your own. Prepare a list of activities that you need to conduct before you file a lawsuit against the debtors. For example, you need to check whether or not reminder invoices have been sent and follow-up emails have been sent. Also, make sure you have made phone calls with them to outline the debt that is overdue. If you believe you have exhausted all these avenues in getting back your bad debt, you should think of seeking legal assistance.

Here are some great reasons why you should hire a debt recovery attorney.

They understand the debt recovery process

While collecting debt, many people lose their cases because they don’t know what the process is all about. Lawyers hold vast knowledge and experience of rules and regulations that govern debt collection and how to plan strategies to get the best results.

They save you time

Legal cases consume a lot of time as there are lots of court filing. You need to invest time to take care of things like the entries, memorandum, disclosures, notices, and many other documents. Hiring a professional will make sure you have someone to take care of your needs in a professional way.

You can win better settlement results

Hiring an attorney with sound knowledge and experience of the collection process, civil judgment, and foreign judgment will increase your chances of winning a better settlement. This is because they deal with many cases like yours on a regular basis and know the proven strategies to win a better settlement.

Remember that if you hire a debt recovery attorney, your odds of success in achieving a successful outcome vastly increase as opposed to going it on your own.

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