From our experience at Rosenthal & Goldhaber, we find that potential clients often ask questions similar to the following when they’re thinking about the best possible approach for commercial collections or judgment enforcement.
We hope the answers below are helpful starting points — but to discuss relevant details for your unique circumstances, please contact us and we’ll have a conversation to discuss next steps.
What information do you need to start the commercial collection process for our delinquent accounts receivable?
The more documentation and information you can provide, the easier it is to commence successful litigation and locate and collect assets. The following is a list of documents that we believe are the most helpful to begin this process:
- Statement listing invoices and payments
- Invoices and delivery receipts containing your business terms
- Breakdown of principal and interest owed
- Copies of any checks received from the debtor (your bank keeps copies of all checks that you deposit)
- A signed credit application (if available)
- A signed personal guaranty (if available)
- A copy of any signed contract
- Any correspondence between you and the debtor about the debt (i.e., copies of emails, letters, phone records, etc.)