Construction Receivable Recovery
Multistate receivable recovery can be daunting. Our construction receivable recovery services help clients minimize write-offs and start collecting debt they are rightfully owed. Drawing upon years of pursuing recovery across the United States, GRSM attorneys craft a process that suits clients’ goals and business needs. We navigate the recovery landscape more efficiently by combining our 50 state, full-service capabilities with a regional approach to collection—and then fine-tune some approaches to meet the requirements of every jurisdiction. Our clients recover more, write off less, and consolidate multistate collections to one national legal services provider.
Prior to taking on any engagement, we meet with clients to understand the nature of their business, the services provided, and the billing process.
Upon receipt of any specific matter, we complete an initial evaluation to help determine the likelihood of success, whether defined as dollars collected or judgments obtained, or a combination of both. We strategize with our clients throughout the recovery process, which makes for well-informed business decisions. Throughout the matter, we periodically reexamine parameters and hard recovery data to create an individualized plan that maximizes net recovery.
We provide information to our clients before taking action, helping them to make prudent decisions about what accounts to pursue — or not pursue.
At our client’s direction, we can run asset searches at the onset to make sure there are assets sufficient to justify their investment with us. Our pre-collection diligence allows us to advise our clients on which accounts are likely uncollectible before they incur legal fees with us.
GRSM’s construction receivable recovery team pursues collection through every available means. Our team maintains recovery statistics, which we consider when reassessing collection parameters on a periodic basis. Some valuable tools that we use to get clients paid include:
- Mechanics lien attachments and enforcements
- Garnishments
- Debtor’s examinations
- Bank sweeps
- Real property foreclosures
- Asset foreclosures
The true measure of a construction receivable recovery team is net recovery. We commit to maximizing our clients’ recovery by using legal process management to lower costs and increase net recovery. We expend a significant amount of time and resources to save our clients’ money, and in the end, their recovery reflects the difference.
GRSM built this niche practice to address clients’ concerns that multistate collection could not be efficiently pursued in today’s legal environment. From start to finish, our program minimizes bad debt write-off and eliminates the need for a virtual Rolodex of local attorneys throughout the United States. We approach non-payment collection from the perspective of a business owner, and our clients’ net recovery will reflect that difference.