What steps should I take before turning the account over to my collection attorney?

Determine if your debtor is solvent. You are wasting your time and money if your debtor does not have assets sufficient to pay a judgment or is likely to declare bankruptcy. Check on bank accounts, current credit history, ownership of real estate, and salary with the debtor's current employer.

You may advise your debtor the account will be turned over to a Louisiana collection attorney unless payment is made within a specific time. You should determine the exact amount of the debt when contacting your debtor. Be sure you tell the debtor about any interest charges or late fees. Adding late fees, interest or other charges after the account is sent out for collection may allow the debtor to dispute the debt.

You should determine if your debt allows for a specific attorney fee or a "reasonable fee" if turned over for collection. If so, be sure the debtor knows he may be responsible for those fees and costs, even if not yet established.

The more you know about your debtor, the better your chances to collect the debt. Review credit applications and in-house collection notes for social security numbers, current mailing addresses (not a P.O.B.), home and business telephone numbers and places of employment. Re-verify these and be sure your records reflect all contacts with the debtor including any excuses or disputes. Accurate billing and payment records are essential. This will save the collection attorney from having to "re-invent the wheel" when contacting the debtor and discussing the debt.

Can I pursue my debt in Louisiana?

What records and documents will my collection attorney need?

How much will the collection effort cost?
Attorneys' Fees
Court and Other Costs

What are the steps in collecting a debt?

How and when will my collection attorney communicate with me during the process?

What kind of settlement or recovery should I expect?

How do I get paid after the debt is recovered?