Whether you are a finance company or your company extends lines of credit to facilitate business transactions, you will eventually experience a debtor defaulting on their financial obligations. Naturally, there are legal remedies to go after delinquent debtors; however, what happens when the individuals and businesses that owe you money seek bankruptcy protection? How do you go about collections?
At the Houston law office of Adair Myers Stevenson Yagi, we provide a full range of representation for creditors in bankruptcy court. Our lawyers use their extensive bankruptcy and collections experience to find the best available solution to help you recover some of your investment from a failing business, whether it is a motion for a release from stay or a more complex solution.
Our attorneys can help you with:
- Establishing debt collection policies and procedures
- Locating debtors and debtors’ property
- Documenting your claim for secured and unsecured debt
- Petitioning for a temporary restraining order to prevent the sale of any goods
- Obtaining a judgment for the amount of debt you are owed plus attorneys’ fees
- Repossessing property or money through a replevin action, bank garnishment, or writ of attachment
Because our attorneys have represented both creditors and debtors, we can provide creditors with the best opportunity to collect on their debt. Our attorneys are experienced in filing adversary actions, challenging the dischargeability of debts, and uncovering fraudulent conveyances.
Collecting On Mechanic’s And Materialmen’s Liens
The laws regarding mechanic’s and materialmen’s liens are incredibly complicated and have strict deadlines. If a contractor or subcontractor doesn’t get his mechanic’s and/or materialmen’s lien filed quickly and accurately, he or she can forever lose the right to collect from the property owners or original contractor. Even if a lien is filed before the deadline, negotiations could fall through requiring a lawsuit to collect on debts.
Experienced Houston Collection Attorneys: Adair Myers Stevenson Yagi
The collections attorneys at Adair Myers Stevenson Yagi have the experience and knowledge necessary to assist creditors when they are faced with collections and/or a debtor’s bankruptcy. Having one of our experienced attorneys by your side can mean the difference between cutting your losses and obtaining the money you are rightfully owed.
If an individual or business has failed to pay a debt owed to your company, contact the Houston commercial collections attorneys at Adair Myers Stevenson Yagi. When you retain the services of our firm, one of our distinguished attorneys will discuss your collections concerns with you. We have decades of experience providing legal advice to creditors throughout the Houston area. Contact us today to discuss your legal options.