Primerus law firms have combined to offer a unique Liquidation of Commercial Debt Service to businesses.
For the first time, in-house counsel and corporate decision makers can access experienced, direct business-to-business debt liquidation representation by seasoned creditors’ rights law firms throughout North America and beyond, without the large law firm price tag, through one point of contact, without the need for an intermediary.
Commercial debt, also known as trade debt, is secured or unsecured debt owed by one business to another as a result of the sale or provision of goods or services by the creditor to the debtor. Primerus members have a history of successful recovery of delinquent debt on behalf of creditors in almost every industry, from debtors located throughout North America and internationally.
Why the Liquidation of Commercial Debt Group Represents an Opportunity for You
Over $20 billion of business-to-business debt is recovered by third-party collectors each year. Most of this is handled by lay (non-lawyer) collectors. These collectors initially attempt collection and then refer the matter to law firms when internal efforts prove fruitless. The members of this group are prime examples of firms that have traditionally been the destination of lay collector referrals. In other words, they have been liquidating debt for businesses of all sizes for decades. The difference is that this practice group has created a vehicle to do so directly, through a one-stop service, regardless of where clients and debtors are based.
The Liquidation of Commercial Debt Group represents an opportunity to cut out the middleman. With this comes the potential for better information access to enhance your management decision-making and real potential to increase your bottom line through improved recovery periods and net recovery.
Why One-Stop Access to Primerus Creditors’ Rights Lawyers Could Boost Your Profits.
International studies of corporate performance agree that business-to-business (trade) debtors are one of the main assets on most corporate balance sheets. These studies show how profoundly delinquent debt can impact profitability, valuation and even survival.
Direct access to lawyers located and practicing in jurisdictions throughout North America and beyond offers the potential to streamline your recovery performance. Since empirical evidence is clear that successful recovery of delinquent debt is a function of the speed and appropriateness of recovery efforts, going directly to lawyers offers a real chance to improve the percentage of delinquent debt recovered. This could have a significant impact on your business’ bottom line, and here are some reasons why this is so:
Group members are located in many U.S. States, as well as in Canada, Mexico, UK, and an expanding number of countries around the world. Member law firms collected millions of dollars of business-to-business debt each year, through out-of-court collection techniques, alternative dispute resolution and conventional legal action.
What To Do With Your Collection Problems: Turning Delinquent Accounts Receivable into Cash! – September 16, 2010
Robert W. Bivins, Esq. (Bivins & Hemenway, P.A. – Valrico, FL)
Bret S. Clement, Esq. (Ayres Carr & Sullivan, P.C. – Indianapolis, IN)
Molly L. Fletcher, Esq. (Neil, Dymott, Frank, McFall & Trexler APLC – San Diego, CA)
Sidney Friedman, Esq. (Weinstock, Friedman & Friedman, P.A. – Baltimore, MD)
Christopher Kailas, Esq. (Kohner, Mann & Kailas, S.C. – Milwaukee, WI)
Important Legal Topics Affecting Companies Today – October 2011
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