Debt Collection In Delaware
As a Delaware debt collection attorney, I've collected debts for clients ranging from relatively small amounts up to $3.5 million. The first step is to review all of my client's documents relating to the particular debt that's owed. I also want to learn as much as possible about the debtor, the history of the relationship between my client and the debtor, and my client's efforts to collect the money. Depending on the circumstances, I either send out what's commonly referred to as the “first attorney’s letter” or I file an immediate lawsuit.
The first attorney's letter is a firm but polite letter from me to the debtor informing him that I've been retained to collect the money that’s owed. The letter gives him a short period of time, usually 10 days, to pay the total amount or to call me and work out a mutually acceptable schedule of payments. If there's no response, or if we can't agree on a payment schedule, the next step is to file suit.
In my next article, I'll discuss what happens when a lawsuit is filed to collect a debt.
