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| Debt Collection - Collect the Money You are Owed We can help you collect the money you are owed. And we don't get paid until we collect. The Law Office of Tracy J Murphy, PLLC is a debt recovery firm focused on the mid-Hudson valley region with a focus on the collection of delinquent commercial, student loan and medical receivables. Since 2003, we have been delivering measurable value to businesses and individuals that engage us because we help them to retrieve past due receivables in a cost-efficient manner. The ability of your business to offer its goods and services on credit while remaining confident that it will be paid is important to its success now more than ever before. For most businesses and industries - including medical, professional and construction - receivables are growing faster than sales or inventories. Commercial trade credit is skyrocketing while customer payments have continued to slow in the past couple of years. At the same time, debtors who seek to avoid paying are far more obstinate than ever before. This situation is making it very tough for creditors in all industries and of all sizes to collect the money they need to keep their businesses viable. Creditors, in response, need to use more sophisticated, aggressive and heavy hitting methods to combat delinquencies. A typical collection agency doesn’t have the local focus or legal tools needed to efficiently handle debtors in our current economic environment. This is where The Law Office of Tracy J Murphy, PLLC provides your business the advantage it needs. Our local focus and familiarity with the region's system of courts means that we can efficiently taken our collection efforts to the next level if we need to. We work on a contingency basis and use a creative combination of legal tactics and collection skills to recover our client’s delinquent accounts. Here’s what you can expect from The Law Office of Tracy J Murphy, PLLC, this is our promise to you: 1. HIGHER RATES OF RECOVERY. If your debtor wont pay we can file a lawsuit! 2. We go after FEES & INTEREST also. This drives your costs down. 3. Contact. We KEEP YOU IN THE LOOP as developments occur. 4. Closure. If uncollected, you’ll receive a CLOSURE REPORT for your files. Assign your next account to the legal team at The Law Office of Tracy J Murphy, PLLC for a more professional and profitable experience. • PRE-LITIGATION EFFORTS TO COLLECT Our firm seeks to resolve every matter amicably without litigation. A settlement is usually more cost effective for both sides of a dispute. After placement of your claim, our office sends out at least two dunning letters over the period of 35 days to your debtor seeking to find a resolution to your claims. We follow up these letters with phone calls. We listen to the other side's point of view and analyze the situation to make the best recommendation possible to our clients. • LITIGATION Unfortunately, matters often cannot be settled out of court and require litigation. Our law firm files lawsuits on our clients' behalf in the appropriate courts throughout the mid-Hudson River Valley region. While our clients are responsible for the filing fees and the fees to have the summons and complaint served, our legal fee remains on a contingent basis. We cover all courts located in Dutchess, Orange, Putnam, Rockland, and Westchester counties. CLAIMS BROUGHT IN JUSTICE COURTS If your case can be brought in a justice court, you will have to pay up front $20 for the purchase of an index number and $20 to have the summons and complaint served on the debtor for a total of $40. CLAIMS BROUGHT IN CITY COURTS If your matter can be heard in a city court, the up front costs are $45 for an index number and $20 for service of the summons and complaint for a total of $65. CLAIMS BROUGHT IN THE SUPREME COURT OF THE STATE OF NEW YORK If we have to bring your matter in the Supreme Court for the State of New York, you will have to pay up front $210 for an index number, $20 for the process server, $45 for a "motion fee," and $95 for a "Request for Judicial Intervention," for a total of $370. • POST-JUDGMENT ENFORCEMENT Ok, so now you have your judgment. What do you do with it? We go beyond simply obtaining a judgment, we also do what's necessary to enforce judgments. Our procedures include skip-tracing, asset searches, third-party information subpoenas, restraining notices, property executions, income executions and contempt proceedings. The most important aspect to collecting money owed to you by a debtor who simply refuses no matter what to make good on their obligations is to identify assets and sources of income belonging to the debtor. • How much does it cost? Depending on the size of your claim, the number of accounts you place with our firm for collection, and the likelihood of success in collecting on your claim, we will retain anywhere from 20% to 33% of the total amounts collected as our fee. We may, however, ask you to pay for filing fees and litigation expenses up front. COMPLETE A CLAIM ANALYSIS FORM AND WE'LL LET YOU KNOW WHAT WE THINK If you would like us to review your claim to determine if we can help you, click here to fill in our Claim Analysis Form and someone will get in touch with you. DISCLAIMER: The hiring of a lawyer is an important decision that should not be based solely upon advertisement. We will be happy to send you free written information about our qualifications and experience. If you choose to engage this firm to represent you or your company in any matter, we will ask you to review and execute a claim authorization/retainer agreement allowing this firm to represent your interests and explaining all terms and conditions of the representation. |
Office Hours: Appointments only Monday through Friday 9 am to 5 pm Saturday and Sunday Closed Phone 845-264-5271 Fax 845-231-6080 contact@tmurphylawfirm.com 33 Henry St Suite 4 Beacon, NY 12508 |
"If you don't have some bad loans you
are not in business."
Paul Volcker
are not in business."
Paul Volcker