Soffer, Rech & Borg, LLP is a general commercial litigation firm. The firm has been representing clients in business and personal matters for four decades. Our Attorneys are admitted to practice law in New York Federal and State courts. Our Attorneys would welcome the opportunity to discuss the ways in which this office may assist you or your business.Please feel free to contact us at your convenience.
Soffer, Rech & Borg, LLP provides personalized representation to commercial creditors attempting to recover debts from consumers and businesses.
Michael A. Borg, formerly a Managing Attorney in a high-volume collection law firm, is keenly aware of the needs of individual or corporate creditors who may ultimately get lost in the shuffle of a high-volume debt collection machine. He will provide hands-on representation throughout both the collection process as well as the litigation process should that become necessary.
There are many advantages to using our office instead of standard collection agency.
In many of our cases, we have been successful either in obtaining judgment or achieving a satisfactory settlement.
Can I just send my debt to a collection agency?
There are many advantages to using our services over a standard collection agency or collection firm to collect low volume corporate or individual debt. Most collection agencies and firms cater to high volume clientele, such as credit card companies or health care facilities. If you are trying to recover from only a small number of debtors, you will find your accounts will not get individual attention in the factory like atmosphere of today’s collection firms.
What if my debtor declares bankruptcy?
Our partner Gustav P. Rech, formerly an attorney for a United States Bankruptcy Trustee in New York, is expert in protecting creditors rights and recovering monies due our clients through the bankruptcy process. Mr. Rech has over 25 years of experience in bankruptcy litigation, including the defense of preference and other avoidance actions, claims objections and compelling payment of post-petition premiums.
What does it mean to “Pierce the corporate veil”?
“Piercing the corporate veil” is a legal mechanism which allows for judgment holders or other creditors of a business to collect against the owners of the business. Such claims can come up for several reasons, such as a business being used for improper purposes.
What information is needed to assist my attorney in collecting my debt?
You will need provide the debtor’s name, address, and balance owed. In addition, a Social Security or EIN number will aid the collection agency in tracking down difficult to locate debtors — ones who are trying especially hard to dodge their bills. Additionally, if there have been partial payments made on account of your debt, copies of the debtors checks or wiring confirmations will assist your attorney with the enforcement of any judgment obtained on your behalf.
Can I collect this debt on my own?
Of course you can! But an experienced collection attorney may be able to collect a higher percentage of your debt more efficiently. Additionally, debtors unwilling to pay the actual creditor may be more likely to resolve a debt when they are confronted with the reality of having to defend a lawsuit and incur the expenses of hiring their own attorney.