Attorney Joseph M. Adams is experienced in handling high value, large commercial debt collection cases in Pennsylvania and New Jersey. Mr. Adams has appeared in various state, federal district and bankruptcy courts and has obtained substantial recoveries on numerous claims. Some of his clients have included insurance companies, financial institutions, healthcare facilities, contractors, manufacturers and telecommunications companies. He has appeared in various state, federal district and bankruptcy courts throughout Pennsylvania and New Jersey on behalf of clients and has obtained substantial recoveries on numerous claims. In addition to the use of standard civil process against debtors, Mr. Adams has been successful in procuring recovery through the institution of the rarely-used involuntary bankruptcy petition procedure under § 303(b)(1) of the Bankruptcy Code. In one case, while representing the international telecommunications carrier, Sprint Communications Company, Mr. Adams organized and led a team of creditors with aggregate claims of $1.4 million against a debtor corporation. Without the efforts of Mr. Adams and his role as lead counsel in the case, no assets would have been available for distribution to creditors. See, In re: VOICESMART CORP., 2000 WL 33950132 (Bankr. D.N.J.). Click here to see court opinion.
Mr. Adams has also been successful in obtaining recovery for property damage to underground utility facilities subject to statutory protection. He has represented financial institutions in real estate foreclosure matters and insurance companies in subrogation claims. He has also represented telecommunications carriers and companies healthcare providers, and manufacturers.
Commercial Debt Collections for Out-of-State Businesses
Regardless of the state in which your company is located, if a delinquent customer or debtor either conducts business or is located in either Pennsylvania or New Jersey, the Law Office of Joseph M. Adams can assist you in collecting a commercial debt, outstanding unpaid invoice or delinquent accounts receivable. In most cases, companies which conduct business within a particular state or have a physical presence therein provide a state court with jurisdiction to hear and adjudicate claims regarding that company. This can be true even though you may have entered into an agreement or conducted a transaction outside of Pennsylvania or New Jersey.
Why Use an Attorney Instead of a Commercial Debt Collection Agency?
The attorney’s primary vehicle for recovering delinquent commercial debt is the lawsuit. A lawsuit is a powerful tool when it comes to recovering outstanding accounts receivable. A skilled and experienced commercial debt collections attorney will craft a lawsuit specifically designed to set forth your claim and your legal right to recovery. Generally speaking, lawsuits command attention and, in many cases, can spur an otherwise recalcitrant debtor into paying a debt. On the other hand, it is important to recognize that a collection agency cannot take direct legal action against a delinquent debtor like a lawyer can.
When attempting to recover an outstanding commercial debt or delinquent accounts receivable, it is a good idea to first assess the business relationship between the creditor and debtor. In some cases, customers may have all intentions of paying a debt or invoice but are experiencing temporary cash flow problems. In such situations it may be advisable to take a soft approach with the customer and reach an amicable work out or settlement. Taking this approach can be best for “goodwill” purposes and keep a profitable business relationship intact. Using an experienced and knowledgeable lawyer will help you strike the appropriate balance between putting pressure on a well-intentioned customer to pay its bill and demonstrating a level of understanding consistent with maintaining an ongoing amicable business relationship. When you use an experienced attorney in this situation, you are removed from having to deal with the unpleasantries attendant with asking people to pay their bill and can focus on your business.
In other cases, more aggressive collection efforts may be warranted. Some customers may simply be looking to get something for nothing and have no intention of paying their bill or invoice. There is no business relationship to salvage and prospects for future business opportunities are slim. In these types of cases, aggressive legal action should be taken without delay.
Regardless of the particular type of customer or debtor you are dealing with, an experienced and knowledgeable lawyer can adopt the appropriate tone and course of action to handle your commercial debt collection case and maximize your prospects of recovery.
Whether your claim is as low as $15,000 or as high as $1,000,000 ($1 million) or more, you need the services of an experienced, knowledgeable and aggressive attorney who focuses on creditors’ rights to recover your delinquent accounts receivable and unpaid debts. For assistance, contact the Law Office of Joseph M. Adams at 215-996-9977.