Those who operate successful companies in Florida understand that many elements must function in harmony to ensure survival and profitability. One such element is the generation of revenue through sales of services and goods.
You may be planning a debt collection lawsuit to obtain overdue payments and prevent losses from impacting your business finances. Sometimes, this is the only way to collect, but make sure to consider how your debtors may fight litigation.
Employing delay tactics
Once they know a lawsuit is coming, debtors may use the litigation process to complicate proceedings — especially those with legal counsel. A few ways a savvy team might delay things include:
- Evading the service of process (lawsuit papers)
- Requesting excessive case continuances
- Wasting time with frivolous motions
Since many business owners give up when facing constant delays, this can be an effective strategy for the other side. Weigh the risks and rewards of pursuing litigation and following it through before you file your paperwork.
Leveraging your expenses
Savvy debtors know lawsuits can be expensive, so many hold on to the hope that the creditor’s demand letters and other strategies will go nowhere. However, litigation might yield success if the amount owed is substantial and you have a good case.
Someone who understands debt collection actions and litigation can fill a role in helping you decide if it is worth your time and money to pursue a potentially costly lawsuit.
Refusing to pay
Unfortunately, winning a collections lawsuit does not mean the debtor will honor a judgment in your favor. Having experienced legal guidance can help you determine which judgment enforcement strategies to implement so you can get the money that is rightfully yours.