Cedar Rapids Business Collections Lawyers

When companies and clients enter legally binding contracts in Cedar Rapids, they are expected to pay the full amount on time. Unfortunately, some companies and clients fail to uphold their contracts and do not pay on time. In these cases, it may become necessary to initiate a collection. Whether you are accused of not paying your debts or a client has not paid you, you may wish to seek legal action to protect your interests. Cedar Rapids business collections lawyers know that collecting debts can be a stressful process for those involved. That’s why the lawyers at Arenson Law Group, PC, are dedicated to assisting those with outstanding payments and debts settle their finances.

At Arenson Law Group, PC, our Cedar Rapids lawyers have years of experience helping businesses collect debts from clients and defending those accused of avoiding payment. Our legal team has worked with various types of clients and helped them seek the compensation they need to settle their debts. If you need business collections or defending yourself against such accusations, our Cedar Rapids lawyers are ready to help.

Types of Debt

Businesses in Cedar Rapids can accrue debts just like individuals. Some of the business and individual debts that creditors may try to collect on include:

  • Loans to clients and suppliers
  • Business loans from a bank
  • Industrial Revenue Bonds
  • Asset-based loans
  • Bank leasing
  • Debts to businesses from customers

These types of debts can be collected from companies and individuals through legal action in Cedar Rapids. Likewise, legal assistance can be obtained to defend against allegations of these outstanding debts.

Do I Need A Lawyer?

When you run a business, and your clients fail to pay on time or at all, understand your rights. Seeking the support of a skilled lawyer will equip you with the knowledge and support that you need at this difficult time. Especially when you are running a small business, the task of following up with clients can quickly become exhausting. Entrust the work of debt collections to a skilled business collections attorney so that you have time to focus on your business.

From explaining legal procedures to crafting an official payment demand letter, your business collections lawyer helps you understand your options and take the necessary actions. Your lawyer may even visit the withholding client or recommend court-based options such as filing a lawsuit. In the best-case scenarios, you will receive payment before taking your case to court. However, if your client refuses to pay, an attorney will guide you through the legal process and represent you in court. When your clients expect you to work for free, your business collections attorney will help set the record straight.

On the other hand, if a collections agency or business is pursuing you for payment, a business collections lawyer may provide useful protections and tools to you. The Fair Debt Collection Practices Act protects against harassment and abuse from debt collectors. When a business or collector violates your rights, a lawyer will help protect you from mistreatment. If you have received a summons to court, reach out to a lawyer as soon as possible. You only have a certain amount of time to respond, and failure to do so could result in a judgment against you.

Business Collections We Handle

The urgency of your case will vary depending on the amount you seek from a debtor or the amount you owe a creditor. The statute of limitations impacts business collections cases as well.  Like many other legal matters, a time limitation, called the statute of limitations, prevents a business from seeking payment after a particular period. Our business collection attorneys typically help businesses when their clients fail in the following ways:

  • Customers actively avoid paying for goods or services rendered
  • Clients fail to pay the full amount or pay sporadically
  • Financial issues prevent clients from paying for products or services rendered

Based on your unique situation, our lawyers will craft a plan to pursue the payment. Debtors respond differently to legal action. Our team takes a personalized to each case to reach an efficient resolution.

If you are on the receiving end of business collections, our firm can help in a variety of ways. Depending on the nature of your case, the following defense may apply:

  • Improper filing
  • Lost paperwork
  • Exceeded statute of limitations

When a creditor fails to take the proper actions, our business collections lawyers will help you understand your options. Our team will also keep you informed of your rights as a debtor, especially if you are facing harassment and abuse from creditors or collections agencies.

Frequently Asked Questions

Whether you need a lawyer to pursue payment or protect you from creditors, you deserve to understand your rights and options. The team at Arenson Law Group, PC understands the stress you may feel as you weigh your legal options. We’ve compiled some frequently asked questions regarding the debt collections process to address common concerns. To speak about your situation in more depth, reach out to our Iowa business collections attorneys today at (319) 363-8199.

What is a Default Judgement?

When a business pursues payment from you through filing a lawsuit, once you receive a summons, you have a certain amount of time to respond. The deadline will appear on the summons that you received. Failure to respond within a certain amount of time increases the likelihood of a judgment against you.

How Long Will My Case Take?

Whether you are pursuing a debtor or protecting yourself from a creditor, your case’s timeline depends entirely on the unique circumstances of your situation. The strength of your case, the amount of money owed, and the statute of limitations all may impact the timeline. To best understand the timeline of your case, stay in communication with your attorney.

How Can I Contact My Lawyer?

The attorneys at Arenson Law Group, PC remain accessible to our clients. We give our cell phone numbers so that we can be reached at any time to discuss any of your concerns or developments regarding your case. We want you to feel comfortable reaching out to us to discuss your claim.

Consult a Business Collections Lawyer in Cedar Rapids

Those in need of business collections or facing accusations of not paying should seek legal counsel to help them through the collection process. The lawyers at Arenson Law Group, PC, in Cedar Rapids, have years of experience working with businesses on debt collection and are ready to help you with your case. Call (319) 363-8199 today to speak with a business collections lawyer in Cedar Rapids about your legal options.

Written by James H. Arenson

Last Updated : November 22, 2022
(319) 363-8199