Debt Collection

Key Benefits

• Very little out-of-pocket cost
• Takes your collection efforts to the next level
• Lets debtors know you are serious about holding them to their obligation
• A Judgment is valid for ten (10) years in North Carolina
• Status reports every thirty (30) days to keep you well-informed

Capabilities

The Sigmon Law Firm, P.A. begins its collection efforts with a simple yet effective demand letter. If the debtor is unwilling to pay the delinquent account, we recommend litigation. Once a Judgment is obtained, we proceed with aggressive post-Judgment actions, which may include sale of property or levy on bank account funds.

An experienced attorney is involved with every step of the collection process. We feel this is important in order to give each file the attention it deserves. Our collection guidelines hold a high respect for the Fair Debt Collection Practices Act in order to protect our valued clients. Even though we aggressively pursue a claim, we always respect the rights of debtors.

Demand Letter

Once your file is reviewed by the attorney and your file is opened, we will send a demand letter to the debtor. The purpose of this initial letter is to put the debtor on notice that this account has been forwarded to an attorney. This letter also gives the debtor a final opportunity to settle the claim without litigation or to clear up any discrepancies in the amount due.

At this time you will receive a letter acknowledging receipt of the file. This letter will be followed by a status report from our office every thirty (30) days.

Litigation

Because of North Carolina's reasonable filing fees, litigation is a cost effective way of resolving delinquent accounts. If we can locate the debtor for service, we generally recommend filing suit.

Post-Judgment Execution

North Carolina does not have wage garnishment, but we turn over a Judgment to the sheriff's department for levy on real property and personal property owned by the debtor. Also, we can levy on bank accounts in some cases.