Fort Collins, Colorado Accounts Receivable Attorney

The financial consequences of past due accounts receivable or unpaid contracts can be significant both for the company owed and suppliers. In some cases, businesses that are able to otherwise pay their monthly mortgage or debt are told by their lender that the ratio of their assets to their debt is "out of formula." Consequently, a relatively healthy business may find itself facing foreclosure or bankruptcy. At the law office of David M. Herrera, I work closely with businesses, contractors, and construction companies who find themselves facing difficult financial decisions due to unpaid debt on a contract, construction project, or foreclosure. As your attorney, I evaluate your current financial situation and discuss the legal and financial options available to you for avoiding foreclosure or collecting unpaid debt.

If you are facing financial difficulties due to an unpaid debt on a business or construction contract, contact business lawyer David M. Herrera today to schedule an appointment and discuss your case.

Loan Modifications, Work Outs, and Bankruptcy

The domino effect of an unpaid business or construction contract can be real. In order to help my clients avoid further financial difficulty, my office assists and represents businesses and individual contracts in regard to the following:

• Accounts Receivable collections
• Forbearance agreements
• Skip tracing
• Settlement agreements
• Loan modifications
• Demand letters
• Writ of expectation
• Credit applications
• Preference actions

Saving Your Business from Ruin - Loan Modifications and Work Outs

The best way to avoid bankruptcy or foreclosure is to work with your bank when unpaid debt on a business contract impacts your ability to make monthly payments on loans or a line of credit. In most cases, banks are willing to modify the terms of a loan rather than foreclose on your business. Depending on the situation, foreclosing on a business could end up costing a bank more than simply extending the life of a loan and reducing its monthly payment.

As your attorney, I will represent and counsel you in any negotiations or dealings with banks and lenders. I will review the terms of any proposed loan modification or work out while taking appropriate legal action to collect on unpaid debt and past due accounts receivable.

Contact Business Contracts Attorney David M. Herrera Today

I have the experience and knowledge needed to help protect your business when business contracts and construction contracts go unpaid. To schedule an appointment and learn how I can help you, contact business contracts lawyer David M. Herrera today.

David M. Herrera, L.L.C.
3600 S. College Avenue, Suite 204
Fort Collins, CO 80525
Phone: (970) 498-9999
Fax: (970) 472-5365
E-mail

At the Law Office of David M. Herrera, L.L.C., located in Fort Collins, Colorado, I focus on the areas of Real Estate, Construction, and Employment Law in Larimer County. I also serve clients in the cities of Loveland, Windsor, and northern Colorado.