Maryland Debt Collections
When your company needs the best possible results with corporate debt recovery, it’s time to call the collection lawyers at Stevens and Ricci. Our team of experts has a 72% recovery rate. Compare this to the 28% rate that the standard collection agency offers, and you’ll quickly see why we outperform a collection agent every time. The recovery process is also faster; we can usually provide results in 45 days or less. Call our Baltimore or Rockville, Maryland commercial debt collection offices today to find out how we can help solve your accounts receivable problems.
Towson, Maryland Business Debt Collection Attorneys Make a Difference
When you consider the methods used by the standard collection agency, it’s easy to see how the Stevens and Ricci firm provides superior results. The collection agency simply misses many critical opportunities that we use to our advantage. Our collection attorneys know that they can’t simply wait around for the phone to ring. Instead of giving up when a call isn’t returned, we have a network of private investigators and business debt collection experts at our disposal. We will leave no stone unturned to find your debtor and speak to them directly. Once our business collection attorney speaks to the debtor, a repayment plan is often in place within days. While we concentrate on pre-litigation collection methods, a conversation with an actual lawyer always carries more weight that one with a typical collection agent. Call our corporate debt recovery offices in Baltimore or Rockville, Maryland today to use our services for your next commercial claim.
Maryland Laws Do Not Always Protect Commercial Creditors
In most cases, corporations only have three years to collect their debts from the time the contract is signed. When you consider that it may take a significant amount of time to realize that your customer is not going to pay, you don’t want to waste any valuable time with a run-of-the-mill collection agency. If you’re close to running out of time according to the Maryland Statute of Limitations, don’t wait another day to call our collection attorneys in Baltimore or Rockville, MD.
The Baltimore, MD Collection Lawyer Difference
Using the Stevens and Ricci firm will not only save your company time, our team also provides a number of other advantages when compared to the typical collection agency. In addition to providing exceptional service, our business collection attorneys have knowledge and authority that isn’t available to a collection agency. Instead of stopping at voice mail, a debt collection attorney can gain direct access to owners or their agents. Once a debtor hires their own legal representation, most collection agencies have no choice but to cease all collection efforts. Compare this to our process. A Stevens and Ricci debt collection attorney will actively seek out the debtor’s counsel to accelerate the payment negotiations. The following sections provide even more information about how one of our collection attorneys near Towson, MD can help.
Bounced Checks in Rockville, MD
By accepting a check for a past due debt, you could be opening the door for even more problems. Be careful when accepting a check on a new account because the vast majority of worthless checks are drawn on accounts that are less than a year old or with low numbers. If you do receive a bad check, don’t give the document back to the debtor until you’ve received payment in full in cash, money order, or cashier’s check. When you use our business debt recovery network, this problem quickly disappears. We’ll make sure that all recovered funds are paid in a secure manner before forwarding the payments to your Accounting department.
Stevens and Ricci Strategies
The corporate debt collection firm of Stevens and Ricci will take steps to recover your debt that a typical collection agency would never use. We will use our team of private investigators to research the debtor’s other business partners including suppliers, vendors, and banks. We may decide to examine public records or meet with the district attorney before collecting on a judgment. If your debtor is adept at hiding from our process server, we won’t stop until the papers are delivered. When necessary, our server will disguise their appearance to get the door to open. Frequently, someone who appears to be a pizza delivery person or package delivery driver can reach the debtor before someone who looks like an officer of the court can do so. As a last resort, the debt collection attorney may even work with the debtor’s counsel and bill their time as a new debt to create an additional reason for settlement. If you’re located in the Baltimore, MD area, the collection attorneys at Stevens and Ricci will use any possible method to collect your corporate debt.
Maryland Case Study
Frequently, a debtor will claim that they are not responsible for the debt because they have sold, merged, or been acquired by another company. This happened to one of our clients who had a $72,000 debt that they couldn’t collect from one of their customers. ABC Company, the debtor, claimed that the business was sold to XYZ Company before our client had created the invoices in question. Our client was never notified of the sale.
While a collection agency would have marked the account as uncollectible at this point, the Stevens and Ricci collection attorney on this case was able to obtain a copy of the buy/sell agreement. After reviewing the document, he found a set-aside provision and reserve allowance to cover debts to unsecured creditors who held a balance during the sale. Our client’s invoices were paid in full.
This is just one way that the experience and legal authority of a Stevens and Ricci corporate debt collection attorney can make a difference when handling tricky accounts. Because the debtor’s legal counsel wouldn’t pay attention to a request by a collection agent, they would have virtually no chance of collecting this debt. Our client would probably have lost the entire $72,000 if they had not chosen to use Stevens and Ricci.

Maryland Debt Collection Laws and Limitations

Whether you’re considering a Maryland Collection Attorney or Maryland Collection Agency to help collect your past-due receivable, we’d like to offer guidelines and suggested options to help. Stevens & Ricci offers both collection agency and collection attorney services with affiliate offices in Baltimore, Columbia, Rockville and Towson. We have the ability to dispatch local private investigators from our Maryland locations out to your debtor’s place of business to assist our collectors and/or legal personnel in identifying assets and making our presence felt in order to get you paid quickly.

 

Maryland Statute of Limitations on Debts

Oral Agreement: 3 years

Written Contract: 3 years

Promissory Note: 6 years

Open-ended Accounts: 3 years

Domestic Judgment: 12 years

Foreign Judgment: 12 years upon domestication

 

Maryland State Bad Check Laws

Felony: >$500

Misdemeanor: <$500

Service Fees: $35

Civil Penalties: After 30 day written notice, amount due, $25 fee, twice check amount up to $1,000. Applies to COD sales only.

Criminal Penalties: Misdemeanor – maximum fine $100 or imprisonment up to 60 days or both. Felony – maximum fine of $1,000, imprisonment up to 15 years, or both.

 

Maryland Free Sample Collection Letter

Check writer has this many days from date of check’s bouncing to make it good: *10

*Include this in your formal Nsf Demand Letter. See sample collection letter: Free Bad Check Letter and Free Tutorial

 

Maryland Wage Garnishment

Up to 25% of weekly disposable income

Disclaimer: the Maryland debt collection information provided above is for quick reference only, may not be 100% accurate or up to date with Maryland’s state laws for collecting debts, and is not intended to replace competent and thorough legal advice for collecting debts in Maryland on any particular situation. We make no express or implied warranty concerning any data contained on this page, and we assume no liability for its use.

 

Maryland Debt Collections

When your company needs the best possible results with corporate debt recovery, it’s time to call the collection lawyers at Stevens and Ricci. Our team of experts has a 72% recovery rate. Compare this to the 28% rate that the standard collection agency offers, and you’ll quickly see why we outperform a collection agent every time. The recovery process is also faster; we can usually provide results in 45 days or less. Call our Baltimore or Rockville, Maryland commercial debt collection offices today to find out how we can help solve your accounts receivable problems.

 

Towson, Maryland Business Debt Collection Attorneys Make a Difference

When you consider the methods used by the standard collection agency, it’s easy to see how the Stevens and Ricci firm provides superior results. The collection agency simply misses many critical opportunities that we use to our advantage. Our collection attorneys know that they can’t simply wait around for the phone to ring. Instead of giving up when a call isn’t returned, we have a network of private investigators and business debt collection experts at our disposal. We will leave no stone unturned to find your debtor and speak to them directly. Once our business collection attorney speaks to the debtor, a repayment plan is often in place within days. While we concentrate on pre-litigation collection methods, a conversation with an actual lawyer always carries more weight that one with a typical collection agent. Call our corporate debt recovery offices in Baltimore or Rockville, Maryland today to use our services for your next commercial claim.

 

Maryland Laws Do Not Always Protect Commercial Creditors

In most cases, corporations only have three years to collect their debts from the time the contract is signed. When you consider that it may take a significant amount of time to realize that your customer is not going to pay, you don’t want to waste any valuable time with a run-of-the-mill collection agency. If you’re close to running out of time according to the Maryland Statute of Limitations, don’t wait another day to call our collection attorneys in Baltimore or Rockville, MD.

 

The Baltimore, MD Collection Lawyer Difference

Using the Stevens and Ricci firm will not only save your company time, our team also provides a number of other advantages when compared to the typical collection agency. In addition to providing exceptional service, our business collection attorneys have knowledge and authority that isn’t available to a collection agency. Instead of stopping at voice mail, a debt collection attorney can gain direct access to owners or their agents. Once a debtor hires their own legal representation, most collection agencies have no choice but to cease all collection efforts. Compare this to our process. A Stevens and Ricci debt collection attorney will actively seek out the debtor’s counsel to accelerate the payment negotiations. The following sections provide even more information about how one of our collection attorneys near Towson, MD can help.

 

Bounced Checks in Rockville, MD

By accepting a check for a past due debt, you could be opening the door for even more problems. Be careful when accepting a check on a new account because the vast majority of worthless checks are drawn on accounts that are less than a year old or with low numbers. If you do receive a bad check, don’t give the document back to the debtor until you’ve received payment in full in cash, money order, or cashier’s check. When you use our business debt recovery network, this problem quickly disappears. We’ll make sure that all recovered funds are paid in a secure manner before forwarding the payments to your Accounting department.

 

Stevens and Ricci Strategies

The corporate debt collection firm of Stevens and Ricci will take steps to recover your debt that a typical collection agency would never use. We will use our team of private investigators to research the debtor’s other business partners including suppliers, vendors, and banks. We may decide to examine public records or meet with the district attorney before collecting on a judgment. If your debtor is adept at hiding from our process server, we won’t stop until the papers are delivered. When necessary, our server will disguise their appearance to get the door to open. Frequently, someone who appears to be a pizza delivery person or package delivery driver can reach the debtor before someone who looks like an officer of the court can do so. As a last resort, the debt collection attorney may even work with the debtor’s counsel and bill their time as a new debt to create an additional reason for settlement. If you’re located in the Baltimore, MD area, the collection attorneys at Stevens and Ricci will use any possible method to collect your corporate debt.

 

Maryland Case Study

Frequently, a debtor will claim that they are not responsible for the debt because they have sold, merged, or been acquired by another company. This happened to one of our clients who had a $72,000 debt that they couldn’t collect from one of their customers. ABC Company, the debtor, claimed that the business was sold to XYZ Company before our client had created the invoices in question. Our client was never notified of the sale.

While a collection agency would have marked the account as uncollectible at this point, the Stevens and Ricci collection attorney on this case was able to obtain a copy of the buy/sell agreement. After reviewing the document, he found a set-aside provision and reserve allowance to cover debts to unsecured creditors who held a balance during the sale. Our client’s invoices were paid in full.

This is just one way that the experience and legal authority of a Stevens and Ricci corporate debt collection attorney can make a difference when handling tricky accounts. Because the debtor’s legal counsel wouldn’t pay attention to a request by a collection agent, they would have virtually no chance of collecting this debt. Our client would probably have lost the entire $72,000 if they had not chosen to use Stevens and Ricci.