What kind of settlement or recovery should I expect?

Each delinquent account must be reviewed on its own facts and circumstances. Many of our clients allow us to offer the debtor a reduced, lumpsum payment within a specified period of time. Many clients accept a monthly repayment plan waiving some fees or charges. In other cases, we seek the entire debt to include interest, attorneys' fees and court costs payable by the debtor over time. The decision to extend or accept a settlement offer rests with the client.

Judgments recorded in the mortgage records of the parish/county remain valid for up to ten years from the date the judgment was signed. This means a debtor cannot sell real estate without paying off the debt and having the judgment cleared from the public records. This is also true if the debtor wants to borrow money in order to buy new property or re-finance his existing property.

Debtors should be directed to your collection attorney if they contact you after the account has been placed for collection. This keeps the debtor from undermining settlement negotiations by trying to obtain a better offer from both the collection attorney as well as the client.

Can I pursue my debt in Louisiana?

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

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?

How do I get paid after the debt is recovered?