At Roy Law Firm, we want to help you recover your hard-earned revenue. We have the knowledge and experience you can trust to navigate the intricacies of collections. From demand letters to post-judgment enforcement, we have you covered!
DEBT COLLECTION AND WHAT YOU NEED TO KNOW
At Roy Law, we have the knowledge and experience to utilize the various remedies the law affords to business owners to collect on money owed to your business from demand letters to the courtroom.
While we resolve a majority of our debt collection matters without going to court, we do not hesitate to litigate when necessary. As a result, we file lawsuits on a regular basis if the debtor fails to respond to our demand letter after thirty (30) days. If the debtor fails to answer the lawsuit, we secure what’s called a “default” judgment against the debtor.
In every case, we believe that the primary factor to evaluate when considering going to court is Return on Investment. There are costs involved in going to court (filing fees, service expenses, etc.). Before filing suit, we collaborate with you to carefully evaluate the potential costs and the likelihood of actually collecting to help our clients understand the potential return on investment for debt collection litigation and compare it to the other alternatives available.
POST-JUDGMENT ENFORCEMENT AND ATTORNEY’S FEES & COLLECTION COSTS
After winning the lawsuit and procuring a judgment against the debtor (which we also do in a majority of our cases), the next hurdle is collecting/enforcing the judgment. The enforcement process can be challenging. It is important to get a law firm, like Roy Law, who is well-versed in this area of Louisiana law to provide you with multiple avenues for recovery. From placing a property lien on non-exempt property, gathering earnings from a business or rental income, seizing personal belongings like vehicles or property, and garnishing a debtor’s wages, we exhaust all avenues until your hard-earned money is recovered. Therefore, it is crucial for you, as creditor, to understand the various methods available to recover funds from a debtor.
One final and important note. Under Louisiana law, you, as the creditor, have a statutory right to collect attorney’s fees and collection costs on top of the balance owed. It is important to contact our law firm to ensure that you follow the proper procedure to ensure you are awarded all possible costs and fees applicable to this debt.
While some debt collection law firms require a minimum balance (e.g., $5,000.00) to take the matter, our firm requires no minimum and will treat a small balance debt with the same tenacity as high balance debts. Stop writing off your past-due invoices and contact Roy Law Firm today for all your business needs! (504) 521-4814 or through our website at Roylawllc.com/contact