Accounts assigned to CAB
are immediately placed with our in-house adjusters. If we are
unable to obtain prompt payment or a definite written commitment
for payment, the client is then contacted for the purpose of requesting
permission to file a lawsuit.
We have in-house attorneys, one of whom is a principal of our
agency; thus, it is possible to utilize timely and cost effective
litigation as a proven collection method. Indeed, it is our willingness
to litigate which distinguishes CAB
from all other collection agencies. Our experience confirms what
common sense tells us: Lawsuits often are necessary to collect
money.
In many instances, the filing of a lawsuit prompts the debtor
to immediately enter into a mutually agreeable payment schedule
which is memorialized and enforceable pursuant to a court approved
stipulation for entry of judgment. This stipulation provides that
in the event of a default in payment, the court will enter judgment
for the unpaid balance, thereby allowing for the immediate execution
of the debtor's assets.
