Workouts & Collections

Atlanta, Georgia, Business Lawyers Handling Workouts and Collections

Often in the commercial collections context, it is advisable to consider the possibility of entering into what are known as workout agreements or forbearance agreements with a debtor to avoid litigation. To determine if this is in your best interests, or the best interests of your business, turn to an experienced and knowledgeable workout and collection lawyer.

Kaufman, Miller & Sivertsen, P.C. is dedicated attorneys that strive to help clients understand their situations and options when facing workout and collection matters. Our firm prides itself on providing personalized attention to each and every client, keeping in close contact with them throughout the entirety of the case. Each attorney at our firm is talented, accessible, and dedicated. They make up a skilled team that offers workout and collection services best suited to your case.

Generally in workout agreements, the creditor agrees to refrain, or forbear, from taking action against the debtor so long as the debtor abides by the payment and other terms of the agreement. Particularly in circumstances where the debtor is unable to pay according to the original schedule, such agreements help both parties by allowing the debtor to pay on a schedule it can work with, and offers a future stream of payments to the creditor.

If the debtor fails to abide by the terms of the agreement, the creditor’s rights in payments and in collateral, if applicable, are protected. We will work to protect the creditor’s rights to the fullest extent of the law in drafting and negotiations these agreements.

To learn more about workouts and collections, please contact an attorney at Kaufman, Miller & Sivertsen, P.C., for a consultation. We can meet with you to determine how to address your workouts and collections, along with any bankruptcy matters you may be facing.