Securing Judgments: Unveiling the Power of Property Liens

Enforcing a judgment is a multifaceted endeavor, requiring a deep understanding of various methods to ensure the awarded judgment is effectively satisfied. One potent tool in this arsenal is the Property Lien, which allows creditors to place a legal claim on the debtor’s real property, restricting their ability to sell or refinance until the judgment is settled. In this comprehensive thesis, we will delve into the intricacies of Property Liens while also highlighting how DCI’s collection agency services play a pivotal role in safeguarding the value of B2B companies’ Accounts Receivable Portfolio within the Small Business Industry of the B2B sector.

Demystifying Property Liens

A Property Lien is a legal mechanism that grants a creditor the authority to claim an interest in the debtor’s real property, such as their home or land. This interest serves as collateral, ensuring that the debtor complies with the judgment by paying the owed amount. Until the judgment is satisfied, the Property Lien effectively restricts the debtor from selling, refinancing, or transferring the property title without addressing the debt.

DCI’s Contribution to B2B Accounts Receivable Protection

The Small Business Industry is an integral part of the B2B landscape, offering diverse contributions and services that are essential for the growth and sustainability of the broader B2B sector. Small businesses serve as suppliers, innovators, job creators, and collaborators, making them invaluable partners in the success of the B2B sector. However, these businesses often face challenges in recovering outstanding debts from their peers. DCI recognizes these challenges and provides essential services to ensure that companies in the Small Business Industry can focus on their core operations while their outstanding debts are efficiently managed.

The DCI Advantage

• No-Recovery No-Fee Service: DCI stands apart by offering a No-Recovery No-Fee service, where clients are only charged if we successfully recover their money. This commitment underscores our dedication and accountability, aligning our interests with the financial success of our clients.
• Three-Phase Recovery System: Our proven three-phase recovery system is a structured approach designed to maximize the chances of recovering owed funds:
  • Phase One: Within 24 hours of account placement, we initiate the process by sending the first of four letters to the debtor via US Mail. We employ skip-tracing and investigation techniques to obtain the best financial and contact information on the debtors. Our collectors engage the debtors through various means, including phone calls, emails, text messages, and faxes, striving for a resolution. Daily contact attempts are made during the initial 30 to 60 days.
  • Phase Two: If Phase One efforts do not yield results, we seamlessly transition the case to one of our affiliated attorneys within the debtor’s jurisdiction. The receiving attorney immediately drafts letters demanding payment and initiates telephone contact with the debtor in addition to the letter series.
  • Phase Three: Based on a thorough case assessment and an evaluation of the debtor’s assets, we offer one of two recommendations. If recovery seems unlikely, we advise closing the case, with no fees owed to our firm or the affiliated attorney. Alternatively, if litigation is deemed viable, the client can decide to proceed. Legal costs, typically ranging from $600.00 to $700.00, are incurred by the client, and our affiliated attorney files a lawsuit on their behalf. If litigation attempts fail, the case is closed, with no fees owed.

Competitive Collection Rates

DCI offers competitive collection rates to accommodate our clients’ needs:

• For submitting 1 through 9 claims within the first week, rates are as follows:
  • 30% of the amount collected on accounts under 1 year in age.
  • 40% of the amount collected on accounts over 1 year in age.
  • 50% of the amount collected on accounts under $1000.00.
  • 50% of the amount collected on accounts placed with an attorney.
• For submitting 10 or more claims within the first week:
  • 27% of the amount collected on accounts under 1 year in age.
  • 35% of the amount collected on accounts over 1 year in age.
  • 40% of the amount collected on accounts under $1000.00.
  • 50% of the amount collected on accounts placed with an attorney.

A Resounding Recommendation

In conclusion, enforcing a judgment involves a strategic approach, and the Property Lien is just one of the powerful tools available. Before contemplating the complexities and expenses of litigation, we strongly recommend exploring the third-party debt recovery services offered by DCI, known as Debt Collectors International. With our stellar track record, No-Recovery No-Fee service, and structured three-phase recovery system, we have rightfully earned our place as the Number 1 choice for Collection Agencies in the B2B Small Business Industry.For more information on how DCI can assist your business in recovering outstanding debts and the utilization of Property Liens, visit our website at www.debtcollectorsinternational.com or contact us at 855-930-4343.