Debt Recovery Potential: The Power of Assignment Orders

Enforcing a judgment is a nuanced process, demanding a comprehensive understanding of available methods to ensure the rightful settlement of an awarded judgment. One such potent strategy is the Assignment Order, a legal tool capable of redirecting funds owed to the debtor from third parties directly to the creditor. In this insightful thesis, we delve into the intricacies of Assignment Orders while spotlighting DCI’s collection agency services as a formidable shield and sword for B2B companies, safeguarding their Accounts Receivable Portfolio in the dynamic Small Business Industry landscape.

Demystifying Assignment Orders

An Assignment Order is a legal mechanism used to enforce a judgment by rerouting funds owed to the debtor by a third party directly to the creditor. When a debtor has monetary claims against third parties, such as salary, contracts, or accounts receivable, the Assignment Order intercepts these funds, ensuring that they are redirected towards satisfying the creditor’s judgment. This powerful strategy can significantly expedite the recovery process by tapping into the debtor’s available assets from external sources.

DCI’s Role in Safeguarding B2B Accounts Receivable

The Small Business Industry constitutes a cornerstone of the B2B landscape, contributing substantially to its growth and resilience. Small businesses within this sector fulfill diverse roles, from suppliers and innovators to job creators and collaborators, making them indispensable contributors to the broader B2B sector’s success. Yet, collecting outstanding debts within the Small Business Industry can pose significant challenges. DCI recognizes these obstacles and stands as a reliable partner, enabling companies in this sector to focus on their core operations while proficiently managing their delinquent debts.

The DCI Advantage

• No-Recovery No-Fee Service: DCI takes pride in offering a No-Recovery No-Fee service, demonstrating our commitment to our clients’ success. This means that clients incur costs only when DCI successfully recovers their funds, underscoring our dedication and accountability.
• Three-Phase Recovery System: DCI employs a structured three-phase recovery system designed to optimize the prospects of retrieving 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. Leveraging skip-tracing and investigative techniques, we procure the best financial and contact information available on the debtors. Our collector engages with the debtor through various channels, including phone calls, emails, text messages, and faxes, with daily contact attempts 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 promptly drafts letters demanding payment and initiates telephone contact with the debtor, complementing the letter series.
  • Phase Three: Following a comprehensive case assessment and an evaluation of the debtor’s assets, we offer one of two recommendations. If recovery seems improbable, we advise closing the case, with no fees owed to our firm or the affiliated attorney. Alternatively, if litigation appears 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 tailored to meet our clients’ needs:

• For submitting 1 through 9 claims within the first week:
  • 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 demands meticulous consideration of effective strategies, with Assignment Orders standing as a formidable choice. We strongly recommend exploring the third-party debt recovery services offered by DCI, also known as Debt Collectors International, before embarking on the complex and costly path of litigation. With our sterling track record, No-Recovery No-Fee service, and well-structured three-phase recovery system, we have solidified our position as the premier 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 harnessing the potential of Assignment Orders, visit our website at www.debtcollectorsinternational.com or contact us at 855-930-4343.