The Holloway Law Firm         
       Gary J. Holloway, Attorney at Law

 

	COMMERCIAL DEBT COLLECTIONS:   As the economy struggles, many companies are not paying the accounts payable in a timely manner or are simply not paying at all.  The Holloway Law Firm can assist your company in collecting those past due amounts, plus attorneys' fees and court costs if necessary.    Most businesses generally depend on clients to pay the invoices on time and if a business does not receive payment as anticipated, it could result in substantial harm to that business.  Whether your company provides goods or services, is small or large, is incorporated or not, you need a strong collections attorney to make sure the accounts payable are paid.  Some law firm collection efforts can be resolved by a short demand letter with a follow up phone call.  Other efforts could require litigation to be initiated.  The Holloway Law Firm generally attempts to resolve each collection matter by demand letter and follow up negotiations in order to keep costs lower; however, in some instances, litigation is necessary.  In those instances, the client is provided with as much information related to possible costs so that the client can determine the economic feasibility of to litigate or not to litigate.   In the event the collection at issue is a secured obligation, we can draft and file the necessary documentation to repossess and/or foreclose on the collateral.  In the event the debt obligation is unsecured, we will make every effort to negotiate payment in as timely a manner as possible and attempt to recover the maximum amount for the client.   Although many companies send unpaid debts to collection agencies for recovery, one should first investigate the actual costs of a collection agency as opposed to a collection law firm.  Generally, a collection agency will charge a percentage fee for its efforts, successful or not.   In the even a collection agency is not successful in it's collection efforts and the matter is then sent to a law firm for collection, additional charges are certain to arise.  Whereas, a law firm can make the same demands for payment and can file suit to recover without the need to involve additional parties and increased cost.  Anytime a company is determining whether or not to pursue a debt, it should examine the costs of each alternative method of collections and make an informed decision.   Should your company have a need for a Texas Collections Attorney or have questions related to commercial debt collection, please do not hesitate to call or email.   Please note that this firm does not handle personal collection matter and only provides collection and recovery services in a commercial or business context.

*Not certified by the Texas Board of Legal Specialization.       This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Any and all  information you obtain from  this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.  This site is for informational purposes only and any attorney client relationship will only be established by the mutual execution of a written agreement setting forth the terms of any representation between the attorney and the client.

The materials and information contained on this web site are intended to provide information (not advice). This website is not intended as a source of legal advice. You should not act upon or rely on information at this or any other website without the advice of counsel. Transmission and receipt of materials provided by this website is not intended to, and does not, create an attorney-client relationship. Contacting this firm either in person, via e-mail, facsimile, or by telephone will not create an attorney-client relationship.  This web site is meant to be informational only and consistent with attorneys' professional obligation to help inform not only our clients but also to cultivate knowledge of the law to the public in general. This website is not sponsored or associated with any particular linked entity unless specifically stated. The existence of any particular link is simply intended to imply potential interest to the reader. Inclusion of a link should not be construed as an endorsement.    Any questions regarding this site should be directed via email to Last updated November 20, 2009   © by Gary J. Holloway. All Rights Reserved.