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Tip of the Month - August 2009

SPEAK TO A LAWYER

Some businesses are utilizing lawyers to write collection letters to customers as a more economical means of recovering receivables than litigation. Attorneys’ fees are much lower for this service than if litigation is undertaken. Since the envelope with the attorney’s return address could indicate that a legal notice is enclosed, that might indicate the initiation of litigation or worse, these letters get considerable respect from delinquent debtors and often lead to payment or a negotiated settlement of the amount owed. However, if there is no response, the business owner must follow up, since threatening legal action without any intent is illegal. We’d be happy to confer with you and your lawyer and if you don’t have one for your business, as we believe you should, well, let us know if you’d like us to recommend a credible attorney to confer with.

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Abo and Company

COMPLETE FIRM DIRECTORY

307 Fellowship Road
Suite 202
Mt. Laurel, NJ 08057
PHONE: 856-222-4723
FAX: 856-222-4760
(Directions)


Pennsylvania Office
Bank of America Building
6 East Trenton Ave., Suite 5
Morrisville, PA 19067     
PHONE: 215.736.3156
FAX: 215.736.3215
(Directions)