Business Collections in Indiana
Collections Litigation Attorneys Carmel & Indianapolis, IN
Whether an unfulfilled business contract, dishonored agreement to pay for goods provided or services rendered, or an unpaid court judgment, our attorneys at Hollingsworth Roberts Means, LLC assist individuals and businesses with collecting what is owed. We have experience negotiating, and when necessary, using the court system, to effectively and efficiently handle legal collections matters, up to and including execution on assets. As a boutique firm, we are nimble by design and able to work with our clients to devise a collection strategy and fee structure suitable to each client’s particular needs and circumstances. Our business collections lawyers serve clients in Carmel, Indianapolis, and throughout Central Indiana.
Uncollected Accounts Receivable
Uncollected accounts receivable can cause incredible strain on a business. Accounts receivable represent uncollected profit, as your business has already incurred the expense. The math is simple – and can be frightening! At a 5% profit margin, with $10,000 outstanding, you would need an additional $200,000 of new business to make up for the loss!
If you are unable to get payment on your own within 30-90 days of a debt becoming past due, you may need to get a third party involved. Our Carmel, IN collection lawyers can help you analyze your situation and either assist in finding a third-party collection agency to work with to attempt to collect the debt pre-litigation or proceed straight to suit.
Collections Lawsuit Representation in Indiana
If a lawsuit is filed, our office will move the case to settlement or judgment as soon as possible, and will. Financial terms for representation are negotiable depending on nature, amount and age of debt; identity and asset status of the debtor; the volume of cases placed for a suit.
Businesses also, unfortunately, find themselves in situations where a contract is breached and might need to be enforced through litigation, or find themselves on the receiving end of a lawsuit. Our Carmel and Indianapolis business collection lawyers can assist you in analyzing the feasibility and forecast the possible cost of business litigation and proceed to develop a plan to effectively represent your interests.