Collecting Debts for Your Law Firm & Third Parties 2024
What to know when someone owes
Are you or your client owed money and losing patience? You’ll want to think twice before firing off a sternly worded collection letter. Debt collection can lead to burdensome legal tangles for everyone involved. It requires knowledge of the relevant rules, regulations, and risks.
At Collecting Debts for Your Law Firm and Third Parties, you’ll gain perspectives from a creditor’s attorney, a consumer lawyer, and a malpractice claims attorney. They’ll walk you through the steps necessary to collect a debt owed to your clients, including:
- Vetting the debt
- Complying with the Fair Debt Collections Practices Act (FDCPA)
- Declining to pursue the debt
- Common mistakes and pitfalls
- Preventing malpractice, avoiding counterclaims, and minimizing liability
What to know when someone owes
Are you or your client owed money and losing patience? You’ll want to think twice before firing off a sternly worded collection letter. Debt collection can lead to burdensome legal tangles for everyone involved. It requires knowledge of the relevant rules, regulations, and risks.
At Collecting Debts for Your Law Firm and Third Parties, you’ll gain perspectives from a creditor’s attorney, a consumer lawyer, and a malpractice claims attorney. They’ll walk you through the steps necessary to collect a debt owed to your clients, including:
- Vetting the debt
- Complying with the Fair Debt Collections Practices Act (FDCPA)
- Declining to pursue the debt
- Common mistakes and pitfalls
- Preventing malpractice, avoiding counterclaims, and minimizing liability
Bills, bills, bills
Collecting unpaid legal fees from a client is a whole different ballgame. Discover how collecting an outstanding bill for legal services differs and how it may impact your malpractice exposure. You’ll learn:
- How the Wisconsin Consumer Act is triggered
- What to include in your fee agreement
- The pros and cons of payment plans
- How malpractice coverage applies if you make a mistake
- Best practices to manage outstanding bills short of filing suit
Explore the potential and pitfalls of debt collection with experienced practitioners at Collecting Debts for Your Law Firm and Third Parties.
Product details
- Learn the steps for collecting a debt owed to a client
- Gain insight from creditors’ rights, consumer law, and malpractice claims lawyers
- Avoid potential mistakes and traps in the debt collection process
- Know the legal nuances between collecting debts for a client versus your firm
- Understand your liability and exposure to malpractice when collecting debts
- Discover how to manage unpaid legal bills without filing suit
- Collections lawyers
- Creditor-Debtor lawyers
- Business lawyers
- Solo and small firm lawyers
- General practitioners
- Paralegals