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Recovering Payments for Agricultural Products Sold to Mexico

Recovering payments for agricultural products sold to Mexico can be a complex process, especially when faced with challenges related to debt recovery. In this article, we will explore the three-phase recovery system for company funds in the context of agricultural product sales to Mexico. Understanding the key takeaways from each phase is essential for navigating the recovery process effectively and making informed decisions. Let’s delve into the key takeaways from each phase of the recovery system.

Key Takeaways

  • Thorough investigation of debtor’s assets is crucial for determining the possibility of recovery.
  • Consider the option to withdraw the claim if legal action is not pursued.
  • Be aware of upfront legal costs and fees associated with litigation.
  • Understand the collection rates and tailored rates based on the number of claims submitted.
  • Expect daily attempts to contact debtors during Phase One of the recovery process.

Recovery System for Company Funds

Phase One: Initial Recovery Process

Within the first 24 hours of initiating Phase One, we spring into action. Our primary goal is to secure a resolution swiftly. We dispatch the initial letter, ensuring the debtor is aware of the outstanding balance. Concurrently, we conduct a skip-trace to gather the most accurate financial and contact information available.

Our approach is multi-faceted:

  • Daily attempts to reach the debtor via phone, email, and fax
  • Persistent follow-ups for the first 30 to 60 days
  • Utilization of various communication methods to increase pressure

If these efforts don’t yield results, we don’t waste time. We escalate to Phase Two, involving our network of affiliated attorneys.

Our efficiency in this phase is critical. We understand the importance of momentum in recovery processes and strive to maintain it throughout.

Phase Two: Legal Action and Attorney Involvement

Once we escalate to legal action, our affiliated attorneys step in. They draft demand letters and make persistent calls to ensure your voice is heard. The goal is clear: recover what’s rightfully yours.

Litigation is not a step we take lightly. It involves upfront costs, including court and filing fees, typically ranging from $600 to $700. Here’s a quick breakdown of potential expenses:

  • Court costs
  • Filing fees
  • Attorney fees

We stand by you, ready to file a lawsuit on your behalf for all monies owed. If litigation doesn’t yield results, you owe us nothing.

Our commitment is to transparency and efficiency. If the case requires legal proceedings, we provide competitive collection rates:

  • Accounts under 1 year: 30% of the amount collected.
  • Accounts over 1 year: 40% of the amount collected.
  • Small accounts under $1000.00: 50% of the amount collected.
  • Accounts requiring attorney involvement: 50% of the amount collected.

We navigate the complexities of international recovery with expertise, ensuring that your case is handled with the utmost care and professionalism.

Phase Three: Recommendations and Decision Making

At this juncture, we face a critical decision point. Our recommendations hinge on the feasibility of recovery. If prospects seem dim, we advise case closure, sparing you further costs. Conversely, should litigation appear viable, the choice is yours. Opting out incurs no fees, while proceeding necessitates upfront legal expenses, typically $600-$700.

Litigation, if chosen, commits us to aggressive pursuit of your dues, inclusive of filing costs. Failure to recover post-litigation leads to case closure, with no financial obligation to us.

Our fee structure is straightforward:

  • For 1-9 claims, rates vary by age and amount of the account.
  • For 10+ claims, enjoy reduced rates.

We tailor our rates competitively, ensuring alignment with your claim volume and specifics.

Should you elect to advance with legal action, we stand ready to initiate proceedings on your behalf, steadfast in our commitment to recover what is rightfully yours.

Frequently Asked Questions

What is the Recovery System for Company Funds?

The Recovery System for Company Funds is a 3-phase process designed to recover company funds from debtors. It involves sending letters to debtors, skip-tracing and investigation, contacting debtors via various methods, and, if necessary, involving affiliated attorneys for legal action.

What happens if recovery is not likely after thorough investigation?

If recovery is not likely after a thorough investigation, we will recommend closure of the case. In this scenario, you will owe nothing to our firm or our affiliated attorney for these results.

What are the options if legal action is recommended?

If legal action is recommended, you will have the option to proceed with litigation or withdraw the claim. If you decide not to proceed with legal action, you will owe our firm or our affiliated attorney nothing. If you decide to proceed with legal action, you will be required to pay upfront legal costs such as court costs and filing fees.

What are the rates for collection services?

The rates for collection services depend on the number of claims submitted within the first week of placing the first account. Rates vary based on the age and amount of the accounts, with different percentages for different scenarios.

What happens in Phase One of the Recovery System?

Phase One involves sending letters to debtors, skip-tracing and investigation, and contacting debtors via various methods. If all attempts to resolve the account fail, the case is forwarded to one of the affiliated attorneys within the debtor’s jurisdiction.

What happens in Phase Two of the Recovery System?

Phase Two involves the affiliated attorney drafting letters to the debtor, demanding payment of the debt owed. The attorney or their staff members will also attempt to contact the debtor via telephone, in addition to the series of letters. If all attempts to reach a conclusion to the account fail, a letter will be sent to explain the issues surrounding the case and recommend the next and final step.

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