COLLECTIONS LAWYERS IN ORLANDO
Whether you owe money to another company or you’re trying to collect on a debt owed to your business, the attorneys of Jordan Law can help you keep your finances in order. If you need help addressing your company’s financial well-being, please contact us today.
How a Florida Collection Lawyer Can Help You
When your company is owed money for work done, then you should be able to collect on that debt. Unfortunately, some clients are unable, or unwilling, to pay on what they owe. That’s where an attorney can help.
If you’re on the other side and you’re unable to pay a debt your company owes or is alleged to owe, then our attorneys are ready to step in on your behalf. We can represent you. Our lawyers will verify the debt is actual. If so, we can help you negotiate that debt to something your company can afford to pay.
The Three Positions of Debt
When a debt is owed, there are usually three ways to view it.
- The debt is legitimate and both lender and debtor agree on the amount
- The debt is legitimate but the lender and debtor disagree on the amount
- The debt is in dispute
Regardless of which one of these positions you find yourself in, the assistance of an attorney who understands collections and how to represent your position can be necessary.
You Agree to the Debt and the Amount but…
If you’re owed a debt and the other party agrees to it and the amount, but cannot pay that amount, then an attorney can assist in mediating with you and the other party to come to an agreement. One option is to reduce the amount of the debt to something the other party can pay, another would be to allow for payments to be made over a period of time until the debt is satisfied.
In some cases you might consider releasing the debtor entirely from the debt. There are some financial and tax implications that could be beneficial to your annual reports, but you would want to work with an accountant and tax attorney to make sure this is the right choice for you and your company. Whatever path you’re considering our lawyers are here to guide you down the right path.
You Agree There is a Debt, but the Amount…
You think one amount is owed, the other party thinks it’s another. The difference could make a huge impact on your bottom line.
Let our attorneys step in and help you come to an agreement both parties can live with. We can go through your documents and financial statements to ensure the amount is agreed upon and that you both have a plan going forward.
You Disagree on The Debt…
You believe the bill is owed, and they claim they don’t have to pay. Whether it’s a belief that services weren’t rendered, the debt was already paid, or any other scenario, when this is the situation, you need a professional to step in and address the situation. It’s possible you may have missed something, but a thorough document review will make sure.
It may be your client is holding out for a better deal. Having a tough negotiator on your side to make the demands necessary to compel action is a great way to get the results you need. If they’re confused, we’ll help show them the facts of the matter and assist you both in moving forward to address the debt and make the repayments necessary clear the slate.
EXPERIENCED ORLANDO COLLECTIONS ATTORNEYS WORKING FOR YOU
If you want to avoid going to court and find a more equitable outcome to your case, then our lawyers are ready to help you. A recent study stated that in only 15% of trials did both parties feel they made the right decision by going to trial. Often the plaintiff was awarded more than what the defendant was offering but less then they were seeking.
At Jordan Law, our attorneys have a great understanding and appreciation for the American Arbitration Association and can assist you in reaching the best decision in a cost-effective and timely manner.
BUSINESS LAW PRACTICE AREAS
Landlord – Tenant Disputes