Maine Collections: Recovering What's Yours with VBK
At VBK, we understand the frustration of unpaid invoices and outstanding debts. You’ve provided goods or services yet haven’t received payment. This is where our exceptional Maine collections attorneys, Seth D. Harrow and James C. Munch, III, can help.
Our experienced collections lawyers can confidently guide you through the collections process and maximize your chances of recovering what’s yours.
This article provides a general overview of collections in Maine, helping you determine if you need a collections attorney and the different types of collections services offered.
What Does Debt Collection in Maine Entail?
Debt collection is the legal process of recovering money owed by a debtor (the person or entity that owes the money) to a creditor (the person or business to whom the money is owed). The Maine Fair Debt Collections Practices Act provides thorough information about debt collection in Maine.
How Do I Know I Need a Maine Collections Attorney?
Here are some indicators that it’s time to seek legal help for collections in Maine:
Debts Remain Unpaid
Despite your efforts, the debtor hasn’t made any payments or communication attempts.
Complexities in the Collection Process
You’re dealing with a large sum of money, a complicated contract, or a debtor outside of Maine.
Harassment or Threats
The debtor is resorting to threatening behavior or harassing you to avoid payment.
Unsure of Next Steps
You’re unsure about the legality of specific collection tactics or how to proceed effectively.
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VBK Collections Services
VBK offers these debt collection services to help Maine businesses recover owed funds:
Demand Letters
Our attorneys can draft a formal letter outlining the debt and demanding payment within a specific timeframe.
Negotiation and Settlement
VBK can facilitate communication with the debtor to reach a mutually agreeable settlement.
Pre-Suit Efforts, Including Lawful Liens on Property
We can explore all possible avenues before litigation, saving you time and money. This could include filing liens for your goods or services that benefit a piece of property.
Lawsuits and Judgments
Our experienced litigators can represent you in court to secure a judgment if necessary.
Asset Investigations and Recovery
VBK can help locate the debtor’s assets to facilitate debt recovery.
Post-Judgment Collections
Once a judgment is obtained, we can assist with enforcing the judgment and collecting the debt.
At VBK, we understand the importance of a tailored approach specific to your circumstance. Our attorneys, Seth D. Harrow and James C. Munch , may be able to help develop a strategy that aligns with your specific circumstances and goals.
Types of Collections
VBK’s collections expertise covers a wide range of situations, including:
Accounts receivable
Unpaid invoices for goods or services rendered.
Business-to-business (B2B) debts
When another company owes your business money.
Contract disputes
When a breach of contract results in non-payment.
Promissory notes
When a written promise to repay a loan is broken.
Judgments
Enforcing court-ordered payments.
Mechanic Liens
Filing and perfecting a mechanic’s lien when your goods or services befitted somebody’s property.
Frequently Asked Questions (FAQs) Lawyers Receive About Collections in Maine
Q. What are the time limits for collections in Maine?
– The statute of limitations for debt collection in Maine varies depending on the type of debt. For example, the statute of limitations for written contracts is six years, while for open accounts, it’s four years. The timelines for performing a mechanic lien are much shorter and stricter.
Q. What are my rights as a creditor in Maine?
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While the Maine Fair Debt Collection Practices Act protects debtors from harassment and unfair collection tactics, and the Federal Trade Commission also sets out protections, Maine law, properly applied, gives creditors the tools needed to pursue unpaid debts.
Q. How much does it cost to hire a collections attorney?
– VBK offers competitive rates and flexible fee structures tailored to your case. We will discuss the fees upfront during your consultation.
Disclaimer
This article provides general information only and is not a substitute for legal advice. Please consult with an attorney to discuss your specific situation.
VBK: Your Trusted Maine Collections Law Firm
At VBK, we are dedicated to helping Maine businesses recover what they’re owed efficiently and effectively. Our exceptional collections attorneys, Seth D. Harrow and James C. Munch are committed to results.
Contact VBK today for a consultation to discuss your specific collections needs. We’ll guide you through the process with experience and expertise.
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Bankrupcy /Debt Relief
Significant debt can be overwhelming. As you struggle to stay financially afloat, with credit card bills, medical expenses, or other debts piling up, you often feel despair and hopelessness.
