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INFORMATION ABOUT COLLECTION OF
ACCOUNTS
1) DEFAULT
COSTS:
$225.00 for filing fees (General Sessions Court)
and $500.00
for
filing fees (Circuit Court), subpoenas, and
Garnishment and execution court
fees.
(To be
paid in advance)
ATTORNEY FEES: Either: Hourly at
$225.00 per hour; or Contingent: 33 1/3% of all
gross amounts recovered.
2) CONTESTED
COSTS:
$800.00 for costs of deposition, filing fee, and
subpoenas
(TO BE
PAID IN ADVANCE)
$5,000.00 retainer to be credited
against hourly fee of $225.00 per hour; billing on
a monthly basis for all work, including telephone
calls, performed by the attorney. This amount is
negotiable and can be adjusted based upon
need.
ATTORNEY FEES: Either: Hourly at $225.00 per
hour; or Contingent: 33 1/3% of all gross amounts recovered.
Call
901-757-5557 for a free appointment to discuss your situation.
INFORMATION
Collection of an account may be for
an individual who is owed a debt or for a company
who is owed several debts.
At
your direction, we will either:
1) send a letter to notify the client of our representation, and call the debtor to notify of our representation; then file suit should you wish, and try to enforce your contract. OR
2)
simply file suit and try to collect the debt
through Court procedures.
Court
procedures consist of filing a lawsuit; conducting
discovery, which consists of depositions, requests
for documents, and so forth; appearing in Court and
taking a default judgment with an affidavit of
account supplied by you; or having a trial in the
case and obtaining a judgment; then issuing
garnishments on wages and bank accounts, executions
on wages, and so forth to collect the debt.
THE COHN LAW FIRM
Our
firm has substantial experience in collection
matters. We represent both creditors and we defend
debtors. Obviously we cannot represent defendants
on a contingency fee basis as there is nothing of
which to obtain a percentage.
Our
hourly fees cover any and all activities in which
we engage, including telephone calls. Our hourly
rate is $225.00 per hour. We will bill you much
less for ministerial functions, like filing a
document in the Court Clerk's Office as this can be
done by our law clerk. However, we must still pay
our law clerk and paralegal, as we must pay our
other expenses, and we therefore must charge you
for this activity. We know that you have many bills
facing you in this traumatic time. However, you
would not want to wait on your paycheck, and we
very much prefer not to wait on ours. We expect to
be at the top of your list when meeting your
obligations. We will work with you, but we expect
at least some payment on your obligation to us each
and every month in which a balance is due.
We welcome your inquiries.
Please feel free to call us or come see us with your questions.
If you prefer to come by, please make an appointment. First appointment
is free!
THE
COHN LAW FIRM 901/757-5557
William A. Cohn
William A. Cohn has over 25 years of
experience in creditors' rights.
Court locations for Shelby County, Tennessee:
Chancery 3rd floor, west corridor,
all divisions
Circuit 2nd floor, west corridor,
Division 1 & 5
2nd
floor, east corridor, Division 8
2nd
floor, south corridor, Divisions 2 & 9
2nd
floor, north corridor, Divisions 6 & 7
3rd
floor, north corridor, Divisions 3 & 4
All
Courts which try civil cases are located
in:
Old Courthouse, between
Washington and Adams, and between 2nd and 3rd streets
Call
901-757-5557 for a free appointment to discuss your situation.
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