Is your dental office having problems with debt collection from past due patient bills? The debt collection attorneys at McHughes Law Firm explain how to handle delinquent accounts.

Effective Debt Recovery Is Essential for Dental Practices

Stay ahead of dental office debt collection by having procedures in place that thoroughly inform patients of your practice’s billing process and by following up immediately with any past due accounts.

As trained medical professionals, dentists like you want to ensure that patients experience as little pain as possible. However, dental practice business owners often experience a great deal of pain when it comes to dental office debt collection. While debt collection is a part of every business, it can be especially detrimental to dental practices that let it spiral out of control. Without a deliberate plan for debt collection, operational funds can get extremely tight. By following some practical steps, you can ensure that your accounts receivable processes are painless and, more importantly, effective.

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Take control of your finances and learn how to respond to a debt collection attorney before you end up in court.

How to Respond to a Debt Collection Attorney

It’s important to respond to any communications and document each step of the process when resolving your outstanding debt through a debt collection attorney.

Because of their involvement in collecting money you owe a creditor, you may be contacted via a phone call or a letter from a debt collection attorney. There are consequences to ignoring communications about an outstanding debt that could affect your income. Here is how to respond to a debt collection attorney.

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Small businesses are vulnerable to debt collection mistakes.

Six Debt Collection Mistakes Made by Small Businesses

Establish preventative measures to help your small business with the debt collection process.

If you are a small business owner, you are often the most vulnerable when it comes to debt collection due to the vast resources accessed by larger companies. Lack of payment by just a few large clients, or many small ones, can be financially disastrous for your bottom line. Let’s take a closer look at six common debt collection mistakes and how you can avoid them in your small business.

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personal gaurantees in debt collection

Personal Guarantees in Commercial Collection: How Helpful Are They?

Guest Blog by Murray S. Lubitz, Esq., originally published March 2012 as Personal Guarantees by ABC/Amega, a National List Forwarder.

Content via The National List of Attorneys
It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. In today’s volatile marketplace, the existence of a personal guarantee may provide the only viable basis for collecting outstanding receivables from a corporate obligor experiencing financial difficulty. However, in the final analysis, the effectiveness of a personal guarantee is directly dependent upon the financial capability of the guarantor.

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