Collecting unsecured debt can be a difficult proposition. Since there is no collateral to attach, you must often go through additional steps to enforce your right to recovery. Before you consider writing the debt off as a loss or selling the debt for pennies on the dollar to a collection agency, consider how Rothbard, Rothbard, Kohn & Kellar can help. Since 1978, our commercial litigation attorneys have helped a wide variety of businesses and professionals in Essex County collect unsecured debts from delinquent clients. Our highly professional and reputable attorneys never engage in questionable practices that might expose you to civil liability, and our cost-effective services often provide a much greater return than other available options.
Unsecured debt is the extension of capital to a borrower without designating a specific asset as collateral. Our attorneys regularly pursue payment of unsecured debt from:
We act in full compliance with the federal Fair Debt Collection Practices Act and other applicable state and federal laws. You need never fear that we will use deceptive, harassing or abusive practices that would reflect poorly on your reputation or expose you to civil liability.
Since unsecured transactions have no collateral to attach, the process involves getting a court judgment on the debt and then petitioning the court to enforce collection through various means, such as:
Results of collections procedures always depend on the circumstances of the individual debtor. Some will try to discharge unsecured debt through bankruptcy. If that happens, we assert your right to receive as much repayment as possible. But a debtor’s bankruptcy is not necessarily adverse to your interests. In fact, creditors often must force a debtor into bankruptcy through an involuntary proceeding to ensure repayment before assets are exhausted. Our experienced attorneys perform extensive analysis of the situation so you can understand the costs and benefits of your legal options and make the choice that is most likely to help you recover the maximum amount possible.
Rothbard, Rothbard, Kohn & Kellar employs efficient strategies to help businesses and professionals collect unsecured debts. Our Newark office is conveniently located at 50 Park Place on the 12th Floor, right across the street from Military Park and just one block southwest of the New Jersey Performing Arts Center. Call us at 862-227-8068 or contact us online to schedule an appointment.