Account Receivables Collection
While I have written many posts about the firm’s post-judgment collection practice, were you aware that Andre Law Firm P.A. does account receivable and pre-judgment collection as well? I am often retained by small business owners (and even other law firms) to collect on their delinquent accounts. This is among the most rewarding work I do. As a small business owner myself, I feel a lot of kinship with fellow small business owners, so helping them collect what they are owed for their hard work is especially fulfilling.
Attorneys’ Fees Provisions
One potential pitfall I constantly warn my small business clients about is the importance of having an attorneys’ fee provision in their contracts/invoices/terms and conditions. I have had clients justify excluding these provisions for fear of sounding too “litigious.” The bottom line is that if your delinquent account is fairly low (under $5k for instance), attempting to litigate to recover that amount without an attorneys’ fee provision is usually not cost effective. That means you will likely spend your valuable time trying to figure out how to collect in small claims court on a pro se basis.
I have a new client that tried navigating small claims court themselves on several of these types of cases only to be stymied by relatively basic rules of procedure and the machinations of the litigation process. While one of these delinquent accounts you might consider writing off, having a few of them really adds up against your bottom line. With an attorneys’ fee provision (and assuming the debtor is collectable), you can have a lawyer litigate the matter for you, and you can concentrate on serving paying clients and generating new business.
Do you have delinquent accounts you need to collect on? Andre Law Firm helps small businesses recover these accounts, in an efficient and cost-effective manner. Contact us today to discuss your AR needs.