Having outstanding debt looming over you is stressful, while trying to get back money you’re owed can be frustrating. Whichever position you’re in, you may consider seeking legal help. A debt collection attorney specializes in matters concerning unpaid accounts and can be hired by debtors facing a difficult financial situation or creditors attempting to collect on delinquent debts. Below is some further insight into how a collections attorney serves their clients and how to know if you should hire one.

What Does a Collections Attorney Do?

Debt collection attorneys can represent both debtors and creditors when financial disputes arise. A collections attorney may advocate for the discharge of debt or a reorganized payment plan on behalf of a debtor. For creditors, they will carefully assess the circumstances to determine if it would be beneficial to pursue litigation. This may include requesting the court to garnish a debtor’s wages or seize and sell valuable assets.  

When Do You Need Representation?

If you owe debt you don’t have the means to pay, it’s likely creditors will eventually begin contacting you. It may be time to consult a debt collection attorney if creditors are repeatedly calling your house or place of employment or threatening to sue you. They can advise you on the best course of action to take, which is often filing bankruptcy to invoke an automatic stay prohibiting creditors from making any further collection attempts. However, you may also need representation if you are a creditor taking legal action for repayment of a debt you are owed. 

A debt collection attorney can offer you a viable solution to your debt problems whether you owe or need to collect money. The Law Offices of Drew F. Davis has extensive knowledge and experience with the collections process and how it relates to bankruptcy law. For more than 20 years, the firm has been protecting the rights of northwest Missouri residents and helping them successfully reach their financial goals. Call (816) 632-7575 to discuss your options, and visit them online to learn more about their legal background.