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Toll-Free: 888-269-1962
Phone: 512-646-0828
The Posey Law Firm, P.C.
Toll Free 888-269-1962 Local 512-646-0828

What is the first step I should take to collect a small business debt owed to my company?



Collecting a debt owed to you can be challenging, especially in this economy. However, before you choose to ignore it and report it as a bad debt expense on your taxes, there are things you can do to try to get a debtor to pay you on an outstanding debt. 

These tips include:

  • Continue to send bills listing the due date or that payment is due upon receipt.
  • Contact the company and speak with someone in the accounting department to find out the situation. 
  • Choose to work with an Austin business debt collection attorney.
  • Take the debtor to small claims court.
  • Attempt arbitration or mediation.
  • Report the debt to the state’s credit bureau.

It may be best to work with an Austin debt collection lawyer for help collecting a debt. An attorney also can help you establish a company-wide procedure for dealing with future debtors and debt collections. This would include the course of action, and at what point that action should be taken. 

For help creating a procedure for dealing with debtors in Texas that will protect you and your company, speak with an experienced attorney. Call the Posey Law Firm toll-free at 888.269.1962 or locally at 512-646-0828 today. As our way of introducing the firm, we will offer a confidential and free case consultation. Contact us to find out how we can help you collect on an outstanding debt.

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