What information do you need to start the commercial collection process for our delinquent accounts receivable?

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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.)
Tag: delinquent accounts receivable

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Rosenthal Goldhaber