Filing of litigations against the defaulting debtors is the last and least recommended choice by Alexander, Miller & Associates. The first reason is simple. You don’t need to search for an attorney to file litigations after choosing the services of this collection agency. They have the experience and expertise in handling some of the toughest debtors in the freight forwarding, seafood processing, restaurant supplies and other related industries. Their professional approach from the stage of sending the demand letters to the stage of completing the negotiations is considered to be bifacial for the debtors as well as the creditors in the long run.
Alexander, Miller & Associates –Litigation Advice
- Long Litigation Procedure: – The courts of law in the US have a balanced approach for dealing with outstanding debt cases. The trouble is state to be their soft approach to the debtors than the creditors. Moreover there are many laws related to IVA and trust deeds which can effectively dilute the strong litigations filed by the creditors. Hence the risk of filing litigations seems to be more on the creditors than the debtors. But this is no way to rule out the effectiveness of litigations or the efficiency of the attorneys. Everyone deserves applause for their efficient working methods. But the nature of IVA and trust deeds can prolong the trials and postpone the verdict for a long time. Or the creditor might have to offer big time discounts in accepting the repayment.
- Complex legal Terms: – When the creditors are about to file litigation against the debtors, many of them file for insolvency and take the help of IVA. This is one aspect which pulls the trials for what seems to be eternity. The attorneys working for the debtors seem to be highly intelligent in nature as they tend to drag the case and make it quite complex for both the parties.
Alexander, Miller & Associates – Hassle Free Settlements
The creditors who chose Alexander, Miller & Associates have had greater benefits of getting their outstanding receivables cleared in time. At the same time the debtors who failed to make the repayments on time, have found the negotiations of the agency to be highly beneficial.
- Business Continuity: – The involved parties are able to continue their business without having to declare insolvency or forcing the other to repay. The debtors get an extended time frame for making the repayments. The creditors have no fear of losing the principal, interest or the overheads during the collection period. The only constraint is that they need to wait longer. But most of the Alexander, Miller & Associates clients have stated waiting is better than losing money in the long run.
- Sustained Relations: – Retaining and sustaining intercompany relations is an important aspect of business. By ensuring the repayments for the creditors, Alexander, Miller & Associates ensures long lasting business relations between the two parties. The debtors can continue to get the supply of products/services from the creditors while continuing to make the repayment of old debts.