Collection of Promissory Notes

Our collection attorneys regularly enforce and collect delinquent promissory notes, including both secured and unsecured debt, for a wide variety of business and commercial creditors, including banks.   Depending on the facts of the particular note collection, The Dushkin Law Firm can provide legal representation on either an hourly or contingency fee basis.  (In our usual contingency fee arrangement, the client will be responsible for paying court costs and other expenses.)

Our attorneys will review the note documents and the debtor’s payment history, and discuss practical options for collection with our client.  Although the specific handling of a case will depend on its unique facts, typically we will make demand on the client’s behalf and send out any required notices of default and acceleration.  When cost effective to do so, we will negotiate the collection of the note and/or obtaining possession of secured collateral with the debtor.  If negotiation is not feasible on the particular facts of the case, we will file suit on the note and for foreclosure of any collateral.  In an appropriate case, we will seek prejudgment remedies, such as attachment or sequestration of collateral.  After judgment, our lawyers will assist in the collection of the judgment, using cost effective methods that are in keeping with our client’s objectives to reach the judgment debtor’s non-exempt assets.  Depending on the facts of the case, our attorneys can pursue such post-judgment remedies and proceedings as post-judgment garnishment, turnover orders, charging orders, and receiverships.

Depending on the facts of the particular collection, The Dushkin Law Firm provides legal representation on either an hourly or contingency fee basis.  In our normal contingency fee arrangement, the client will be responsible for all court costs and other expenses.   Please feel free to call and discuss your specific business needs with one of our attorneys.