Collecting a debt with L4SB puts experienced business lawyers on your side. We ensure your business is following the debt collecting laws in the state of your choosing, and we offer competent, sound legal advice to help you legally collect on a debt.
If you chose L4SB, it means you have licensed attorneys acting as your representation, unlike the other guys across the wire. This means your business benefits from attorney-client privilege, and you can rely on the advice and counsel of competent business lawyers to advise you in all phases and aspects of your business.
Common Debt Collecting Questions
- Do you collect on a contingency basis?
No. L4SB does not perform contingency-based work. There are many great law firms and attorneys who do, but you will need to ask around for a referral. Most contingency-based attorneys only consider large amounts in controversy (i.e. cases over $100,000).
- I can not collect on a debt. Do I need to file a lawsuit?
No. You can try a demand letter from an attorney or law firm. You can also look at the contract, if one exists, to see if there are other remedies available for a breach of contract (i.e. not paying is usually considered a breach of contract). Also, depending on the nature of the debt, there may be other remedies available for you. For example, depending on the nature of the debt, you may be entitled to specific court action without a lawsuit.
- Should I represent myself in a debt collection lawsuit?
It is not recommended for one to represent him/herself in a lawsuit, and in many instances, a business entity must be represented by an attorney in a court of law. The reason you should not represent yourself in a lawsuit, is that a non-attorney is simply not familiar with the arcane legal and procedural requirements of local, state and federal court. If the other party is represented by counsel, and you are representing yourself, you will be slaughtered (even if the facts support your case). This is because the attorney will be familiar with civil procedure, and will know how to challenge your evidence and your case. Worse, a good attorney will know how to file a counterclaim against you, that will often significantly increase the stakes against you. An exception to this is “small claims court,” where amounts in controversy of less than $10,000 may be heard and it is easier to represent yourself because these courts have been specifically created for small claims and pro se representation (i.e. representing oneself).
- When should I hire L4SB to collect a debt?
Only after (1) you have attempted to collect the debt yourself, (2) you have exhausted all options available to you (short of violence, harmful, tortuous or illegal acts), and (3) you no longer care about preserving the relationship with the other party. The third item is important: No one likes receiving a legal demand letter from an attorney or law firm, and you will forever and irrevocably ruin the relationship. Small business owners should think twice before getting a lawyer involved with its important customers, vendors or partners. Note, however, that seeking legal advice on the proper interpretation of a contract or otherwise discussing your legal options is a great option for the wise business owner.
The Law 4 Small Business Difference
We take client satisfaction seriously. We are not in the business of up-selling or pushing services that won’t help you. We work as your partner to get the job you expect done.
L4SB is your long-term partner to help you and your business with the inevitable ups-and-downs, and everything in between.
We’re business lawyers, and we understand many small- and medium-sized businesses struggle just to meet payroll, let alone pay for legal services. That’s why we offer a range of flat-rate services, and reasonable hourly rates for everything else.
REAL LAWYERS REAL ADVICE
With over 200 years of combined business law experience, you can count on getting sound advice and solid representation.