CA2711 Collecting Debts for Your Law Firm and For Third Parties

Knowing about owing

$12.7 trillion – that’s how high household debt in the U.S. has climbed in 2017.¹ Whether student loans, past-due bills, auto loans, mortgages, or personal loans to friends, debt is everywhere – and lenders can only wait so long before coming to collect.

Are you or your client owed money? If not done correctly, going after debts can lead to burdensome legal tangles for everyone involved. At Collecting Debts for your Law Firm and for Third Parties, lawyers from the areas of creditors’ rights, consumer law, and malpractice claims will share:

• Various options for pursuing unpaid debts
• How to navigate the collections process
• Best practices for limiting mistakes and negative repercussions

Debt details

Your client asks for your help collecting a debt. How should you go about it? Where do you start? Receive guidance and insights on:

• Selecting clients
• Vetting the debt
• Complying with the Fair Debt Collections Practices Act (FDCPA)
• Preventing malpractice, avoiding counterclaims, and minimizing liability

Bills, bills, bills

Collecting unpaid legal fees from a client is a whole different ballgame. Discover the distinct know-how and procedures necessary for collecting on behalf of your firm, including:

• Using payment plans
• Determining if you’re a “merchant”
• Complying with the Wisconsin Consumer Act
• Managing outstanding bills without filing suit

Get paid

Explore the potential and pitfalls of effective debt collection from experienced practitioners at Collecting Debts for your Law Firm and for Third Parties.