WOBURN…. A bank’s debtor had a substantial deficiency
post foreclosure. The bank could have left the file with its foreclosure
counsel but decided to follow its corporate counsel’s recommendation and hired
an aggressive debt collection attorney: Me.
I
immediately conducted asset searches looking for companies in which the debtor
had an interest. I then prepared a
detailed complaint along with motions for bank attachments, real estate
attachments and an expansive reach and apply injunction. I also prepared a full
discovery package - - interrogatories,
document requests and admission requests to be served on the debtor with the complaint and
summons. I sued the bank’s delinquent
customer. Over debtor’s counsel’s vigorous objections, I persuaded the court to
issue far reaching attachments and an injunction. I then withstood the multiple reach and apply defendants’
attempts to dismiss the case. After
brushing off these attempts to sideline my collection tactics, I then
successfully negotiated a high six figure settlement agreement which
incentivized the debtor to pay the debt earlier than later.
Can you say: KA-CHING, KA-CHING,
KA-CHING?!!!
For more information,
please visit my website at www.collections-law.com,
email me at alanmcohen@collections-law.com
or call me at 508 620 6900.
No comments:
Post a Comment