Debt Collection: What do you need to consider before filing a lawsuit against the debtor?
- Do you know the current address of the debtor where you can send legal notices?
- Do you have enough proof to be successful in a lawsuit against the debtor?
- Can you provide witnesses if needed?
- Does the debtor have a job or is self-employed?
- Does the debtor have enough cash or assets to pay the debt?
- Is the debtor judgment proof?
- Is the debtor still alive?
- Is your claim amount large enough that an attorney will file a suit? (typically, the minimum is at least $1000).
- Is debtor active in business or job
- If the debtor is willing to settle the debt, you should settle, as debtors have a lot of rights if the case goes to court.
- Does the court cost include the warrant filing?
Marcadis Law Firm PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881