Collecting From A Company That No Longer Exists
Companies change names. They form new entities. They go out of business. What happens to their old corporate debts when these things happen? Are there any options available to collect on these debts or are the individuals and businesses they owe money to simply out of luck?
Absolutely not. At the law firm of Allison L. Friedman, P.A., we have been handling complex corporate debt collections matters for clients throughout the South Florida metropolitan area since 1995. When you turn to us for help, you will find that you have options to collect on these debts. You will find your case handled by an experienced attorney who understands the complex steps necessary to take to recover the money you are owed.
Who Do We Collect Money From?
Rarely do businesses simply disappear. More often than not, some remnant of that company is left behind. It may be a new entity formed in the wake of a previous business closing down. It might even be the individual that was behind the business. We will find someone who we can take action against.
This process is called proceedings supplementary. As long as we are able to show a relationship between the old entity and the new entity, we can collect it. We have done this before. We know how to handle collections of corporate debt in even the most complex circumstances.
Aventura/Fort Lauderdale Area Law Firm Collecting Corporate Debt
Once the proceedings supplementary process is completed, the next steps are standard. We can make demands, file lawsuits, get judgments against a corporation and take action to collect on those judgments. Collection options include bank account garnishment and more.