A debt collection lawsuit is the strongest measure you can take to enforce collection of an unpaid balance. It involves filing a summons and a complaint with the court; the debtor then has some options:
After the defendant has been served, one of two things happen:
If the defendant answers your complaint but is unwilling to settle, a trial is held, followed by an entry of a judgment by the court. If you win, your judgment will describe the specific amount of money the defendant owes you and establish your legal right to collect the money from him or her.
At any point during the proceeding, you and the defendant can settle the case. You may agree to dismiss the case for a partial payment of what you believe the defendant owes, a full lump sum payment, or an installment plan for payment. All courts encourage both parties to resolve their differences without going to trial.
If you’re a business owner, you should be spending your time conducting business rather than chasing down debts. Contact an experienced attorney for debt collection in Michigan today at (248) 645-2440 for a resolution to your collection matters. Let the experts worry so you have more time to focus on growing your business.