With the difficult economy, we have been faced with over the last few years, many business owners are increasingly having problems collecting their invoices for goods and services they have provided.
Running a business is challenging enough without having to deal with overdue and unpaid accounts. This situation can go from being a disappointment to a problem, to causing the literal destruction of a business.
There are several paths that can be taken when an account goes unpaid. The Doyle Law Offices, P.A. knows how to use all available legal tools to help businesses collect the money they are owed.
If you are a contractor, your business may be able to pursue payment by way of the lien process. Chapter 44A of the North Carolina General Statutes lays out specific procedures that a contractor can use to file a claim of lien on funds and the property itself.
There are specific terms and formalities required to file valid and enforceable liens. There are strict time deadlines that must be met. You will need an experienced North Carolina lawyer to assist you if your business needs to file a lien.
We have been representing business people in Cary, Raleigh, Apex, Holly Springs, and across North Carolina in preparing, filing, litigating and collecting on material man’s liens and mechanic’s liens since 1995.
Another option to collect unpaid accounts is through civil litigation in the courts. Debts under $5,000 are litigated in magistrate court. Debts owed up to $25,000.00 are pursued in District Court, and controversies valued over $25,000 are usually handled in Superior Court.
We have wide experience litigating in the civil courts of North Carolina. Our firm can help you every step of the way from filing the case, through trial, verdict, and execution of your judgment.
It’s not always easy to collect debts and the law has many protections that benefit the debtor. Not every account can be collected. However, when your business provides a good or service in good faith and doesn’t get paid, there are only two options:
Attorney Hank Doyle has assisted businesses and individuals in Raleigh, Cary and across the Triangle for over 20 years. Hank offers personal attention to his clients and will take the time to understand your situation and determine the most effective route for collecting unpaid accounts.