KEN KIRSCHENBAUM, ESQ ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE You can read all of our articles on our website. Having trouble getting our emails? Change your spam controls and whitelist ken@kirschenbaumesq.com ********************** Is now time to focus on collections May 2, 2023 *********************** Is now time to focus on collections *********************** I usually don’t get around to suggesting that you need to be extra careful with subscriber defaults and pursuing collection until December each year because that’s when a bunch of businesses are on their last legs and holding out until the holidays are over. But the truth is that keeping track of your accounts receivables are at least as important as keeping track of new business; both are essential to continue successful operations. When to be concerned about your receivable from a particular account does vary, but once the account has established a pattern of payment any change warrants concern [unless of course payments come early]. Some customers pay 90 or more days in arrears and others pay within 10 days of receipt of an invoice. Auto pay by credit card or ACH of course eliminates the delay, at least until the card expires or cancels or the account is cleaned out. One of the major advantages of using Kirschenbaum Contracts™ is that K&K will support your collection cause, because we can. The Kirschenbaum Contracts™ includes an arbitration provision that permits K&K’s collection department to begin proceedings within a day or so of you sending the matter to us. Not only will the delinquent customer receive “legal” papers within days of your sending to K&K but the customer will have only weeks to respond and the entire process in arbitration should take no more than 90 days, start to finish. Most cases settle quickly and only a handful actually require court confirmation. To start a relationship with K&K’s collection department contact Kathleen Lampert at KLampert@Kirschenbaumesq.com or call her at 1 516 747 6700 x 319. This topic was prompted by Kathleen giving me a letter she had AI prepare, which came up with a good argument why now is a good time of year to focus on your collections. Here is AI’s letter. ***** Dear [Client],
I hope this letter finds you well. With tax season upon us, I wanted to remind you of the importance of submitting your collection cases to our firm now.
As you may know, many people will be receiving tax returns in the coming weeks, and this can be an excellent opportunity for us to collect on any outstanding debts or payments owed to you. By submitting your collection cases now, we can begin the necessary legal proceedings to recover the funds owed to you.
Additionally, submitting your collection cases early can help increase your chances of receiving payment before other creditors or collection agencies.
Our team of experienced attorneys and collection specialists are ready to assist you with any collection cases you may have, and we are committed to providing you with the highest level of service and professionalism.
Don't miss out on this opportunity to collect on your outstanding debts. Contact us today to discuss your collection cases and how we can help you recover the funds owed to you.
Thank you for your continued trust and business.
Best regards,
[Your Name] ************************ STANDARD FORM AGREEMENTS: To order up to date Standard Form Alarm / Security / Fire and related Agreements click here: www.alarmcontracts.com *************************** CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY - You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304. *********************** ALARM ARTICLES: You can always read our Articles on our website at www.kirschenbaumesq.com/page/alarm-articles updated daily ************************* THE ALARM EXCHANGE - the alarm industries leading classified and business exchange - updated daily. https://www.kirschenbaumesq.com/page/alarm-exchange ************************* Wondering how much your alarm company is worth? Click here: https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth ****************************** Getting on our email list / Articles archived: Many of you are forwarding these emails to friends or asking that others be added to the list. Sign up for our daily newsletter here: Sign Up. ************************** Ken Kirschenbaum,Esq Kirschenbaum & Kirschenbaum PC Attorneys at Law 200 Garden City Plaza Garden City, NY 11530 516 747 6700 x 301 ken@kirschenbaumesq.com www.KirschenbaumEsq.com
