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3 Reasons to Hire a Debt Recovery Lawyer

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GLL Blog LawyerUp

Offering Merchant Cash Advance services can be very rewarding, allowing you to help countless businesses and business owners improve their business, but there are many headaches that come along as well – none bigger than lost profits. Negative performing obligations in your portfolio means that your company is losing money and taking a hit to its bottom line. A debt recovery lawyer can be the answer to your problems, helping you to be made whole again and recovering needed profits. 

Nationwide Commercial Debt Collection Service

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GLL Blog DebtCollection

Global Legal Law Firm is a commercial debt collector that handles commercial collections litigation in California, Washington, and Oregon (and many other states including Idaho, Texas, Massachusetts, Virginia, Illinois, and D.C.) for various lenders, and debt management firms including:

Reasons to Consider a Debt Collection Attorney

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If you have debts, you know how stressful the collection process can be. If you’re a business owner and are looking to collect bills from your customers, and they don’t pay up on time (if at all!), that stress is compounded because you need that money to fuel your business. What can you do if your clients aren’t forking over the cash they owe you for services you already provided? 

A Holistic Approach to Commercial Collections

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To have a holistic approach to commercial collections litigation, Global attorneys begin with understanding the collectability of any given case. Some cases present themselves well for collection: the business is still active and operating, the merchant or personal guarantors are employed, own real property and so forth. Other cases do not present themselves as well for collection: the business is defunct, the merchant or personal guarantors are unemployed, or their employment is uncertain, and they own no real assets.

Selecting the Right Commercial Collections Firm

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When your portfolio’s commercial debt obligations are not performing, it cuts into your profitability.  You may have worked with or currently working with a collections agency. Their efforts were likely less than adequate and for a good reason. Too often, savvy merchants stopped paying attention to mere debt collectors. But they do pay attention to attorneys and lawsuits. 

Non-Sports-Related Interstate Online Gambling Reversal

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Beginning in 2011, businesses involved in non-sports-related interstate ongoing gambling had good reason to believe that certain prohibitions pertaining to the knowing use of a wire communication facility to place bets or wagers, assist in placing bets or wagers, and/or transmit information assisting in placing bets or wagers did not apply to them. However, that is no longer the based on a new opinion that the Department of Justice’s (“DOJ”) Office of Legal Counsel (“OLC”) recently issued.