Boulder Commercial Collection Attorneys
Debt Recovery Assistance in Colorado
As a business owner, there may be situations where you extend credit to clients or organizations. You may also win a lawsuit that entitles you to monetary damages. In either scenario, you may still struggle to collect what your company is owed.
Our Boulder commercial collection lawyers have over 20 years of legal experience and are ready to help your business enforce its rights. At Goff & Goff, we leverage cutting-edge technological resources to provide our clients with accessible and responsive services. If your company is struggling to collect on a debt, we can provide sound legal advice, help you understand your rights, and walk you through all available legal options, including court action.
Commercial Debt Collection Strategies
It can be frustrating when a debtor appears to be ignoring your letters and phone calls. Chasing a debtor tends to consume crucial bandwidth that could be better utilized running your business.
Our Boulder commercial collection attorneys can assist you with the following strategies:
- Direct Contact. In some cases, a phone call from a lawyer may convince a debtor to pay what they owe, especially if we explain the potential consequences for failing to pay. We can utilize our firm’s resources to locate a debtor and engage in communications that are compliant with all applicable laws.
- Negotiating a Payment Plan. If a debtor claims they cannot afford to pay, we can conduct an investigation into their assets and verify their current financial circumstances. If the debtor is in fact in financial distress, we can negotiate a payment plan that allows the debtor to settle the debt in installments.
- Seizing Collateral. Some debts will be linked to real or personal property. In these cases, you may be able to directly seize the encumbered assets as collateral.
- Litigation. If all else fails, you may need to file a collection lawsuit against the debtor. If the debtor genuinely owes the debt and we have the legal right to collect, we will almost certainly win the lawsuit and obtain a judgment. This judgment can be used to enforce additional collection actions, such as garnishments or liens.
Debt recovery is our top priority. Our team at Goff & Goff is made up of strong negotiators and will exhaust all available options when pursuing debtors. Should litigation become avoidable, we have extensive trial experience and will fiercely advocate for you in and out of the courtroom.