Richmond Debt Collection Lawyers
Sometimes the task of getting a debtor to pay the money they owe seems like an impossible one. Perhaps you have reached a point where you want to simply write off the debt and be done with it. Maybe the person or business that owes you has filed for bankruptcy.
Before you give up hope of ever seeing the money you are owed, contact Caudle and Ballato, P.C. in Richmond, Virginia. We can help. Call us toll free - 866.906.2504 – for a free initial consultation.
Our Approach to Debt Collection
When you come to our firm to help you in collecting a debt, we sit down with you and listen to you as you explain the situation. We ask you to provide us with information about the debt – a contract or engagement letter, a guaranty agreement, a lease agreement, a statement of charges and credits on the account – depending on the type of industry in which you work.
Next we outline the general timetable and begin to explore approaches to getting you the money you are owed.
The Kinds of Collections Work We Perform
Caudle and Ballato, P.C. has over 64 of combined experience handling collections matters for a variety of clients. We are happy to assist clients with the following:
Creative Solutions to Help You Get Your Money
Our creativity is what sets us apart. We explore unorthodox options of helping you recover money from debtors:
- Some states don’t allow garnishments. We have structured legal proceedings in such a way to have the trials take place in Virginia, allowing our clients to get the maximum amount allowed by law.
- We helped a client recover money from an individual who borrowed money and left the state. Our firm discovered he had an office in Virginia – we served his local office and got our client the money they were owed.
Bankruptcy Laws and Debt Collection
If the person from whom you are trying to collect files for bankruptcy, you may feel you will get nothing. This is simply not the case. Due to recent changes in bankruptcy law, individuals have a much more difficult time filing Chapter 7. Instead they are generally told to file Chapter 13, a reorganization of debt. Under Chapter 13 you still may collect between 5 and 100% of the amount owed you.
Many creditors fail to file a proof of claim in bankruptcy proceedings. Those who do file a proof of claim usually receive a percentage of what they are owed, plus any surplus left by those who have not filed a proof of claim.
Get the information and experienced legal assistance you need to collect your debts. Discover your legal options when you believe you will simply have to write off a bad debt. Take advantage of the determination with which Caudle and Ballato, P.C. pursue collections for our clients. Contact us today to schedule a free initial consultation with our debt collection attorneys. Call 866.906.2504.
