Close Menu
Home / Collection Matters

Chicago Business Collections Attorneys

Welcome to Business Law Group, committed to ensuring that your business, of any size, is availed of all the help necessary in recovering outstanding debt obligations and dealing with complicated collection issues throughout the greater Chicago area. We understand how unpaid debts can drain a business by cutting cash flow and adding heaps of stress. As “The Chicago Business Lawyers®,” we take pride in our professionalism and efficiency in treating the most challenging debt recovery cases. We focus on recovering what you are owed while protecting your business’s financial well-being. Do not hesitate to contact us for your free consultation, where you can discuss your business collection needs with one of our attorneys.

About Our Firm

About Our FirmBusiness Law Group, was founded by Ryan Van Osdol, an attorney with a broad-based practice concentration in civil litigation and business law. Super Lawyers awarded Mr. Van Osdol the Rising Star award from 2012 to 2020. He is also a Martindale-Hubbell AV® Preeminent rated attorney. This award underscores his commitment to ensuring that businesses have viable legal solutions for their problems, spanning from recovery of bad debts to other related issues. Our purpose is to provide cost-effective legal services that enable businesses to recover outstanding debts while protecting their financial interests. We appreciate the problems businesses have been facing in pursuing collections and have come forth to offer practical, results-driven legal representation.

Our Approach

At Business Law Group, we believe in proactive, strategy-laden debt recovery. We understand that unpaid debts can risk the smooth functioning of your business, and hence, taking immediate and stern measures for recovery of the amount due to you is a task we adhere to. To do so, our team shall start by very closely looking at and getting a comprehensive understanding of your unique situation regarding your business, the nature of the debt, and any preceding collection attempts made.

After that, a custom-made legal strategy will be proposed that might include pre-suit negotiation, litigation, or post-judgment enforcement. We have one goal: to offer you high-quality legal services designed to meet your needs while minimizing the financial impact on your business. One of the ways in which we do this is with our General Counsel Package, whereby you get access to ongoing legal support for a predictable monthly fee, empowering your company to effectively manage legal issues without the stress of unpredictable costs.

Business Collections Legal Services

At Business Law Group, we represent businesses in matters relating to outstanding debt collection, contract enforcement, and asserting their rights under Illinois debt collection acts. Whether you are trying to collect unpaid invoices or enforce an action or judgment upon breach of contract, we have the experience and resources that our clients count on to zealously advocate for their financial interests in recovering their money.

Commercial Debt Collection

Commercial debt collection often involves business enterprises trying to recover money outstanding from other businesses, and this can be particularly tricky given the convoluted web of relations that exists between them. Our team provides complete commercial debt collection services to make sure your business recovers all of the money it is owed while staying within the confines of the Illinois Collection Agency Act, 225 ILCS 425/. We work hard to understand the intricacies of your business relationships and the nature of your debt as we develop a strategic approach to maximize efforts at recovery. We will take all appropriate steps, from demand letters to negotiations to litigation, in an effort to secure payment.

Breach Of Contract Claims

Many of our collection matters arise out of breach of contract situations where one party fails to fulfill an obligation under a contract. If your business has an issue of someone breaching a contract with it, it can be frustrating and financially damaging. At Business Law Group, we are knowledgeable about Illinois contract law (810 ILCS 5/) and will help your business pursue legal action to recover money owed when there has been a breach of contract. We will walk you through this process, from reviewing contract terms to the actual filing of a lawsuit if needed. Our objective is to hold the breaching party liable and guarantee your business obtains the compensation it deserves.

Debt Recovery Litigation

In some cases, litigation may be required to recover debts that have become delinquent. When negotiations fail, our attorneys stand ready to represent your business in a court of law to obtain an action in your favor. Such litigation services include drafting and filing lawsuits, hearings, and advocacy to represent your business’s interest and recover what is due to it. Upon acquiring a judgment, we further advance the efforts toward enforcing that judgment by wage garnishment, property lien, or bank levies. It is through our diligent and dedicated practice that every matter concerning debt recovery litigation shall be dealt with in the best interest of your business.

Pre-Litigation Negotiation

Wherever possible, we seek to resolve collection issues without litigation. Pre-litigation negotiation can be more effective for debt recovery and the preservation of business relationships. Our team has broad experience with alternative dispute resolution methods that provide for negotiation and mediation, and we are able to award a faster and more cost-effective solution to your issues. Through strategic negotiation, we try to achieve settlements that safeguard your business interests without investing the time and expense of litigation.

Post-Judgment Enforcement

In most cases of debt recovery, securing a judgment in your favor is not the end. Actually, enforcement of such a judgment at times proves to be a more challenging task, more so if the debtor does not cooperate voluntarily. At Business Law Group, our law firm is dedicated to providing you with comprehensive post-judgment enforcement representation to help your business collect the money the court has ordered. This may include enforcement by wage garnishment, property liens, and bank levies in strict compliance with Illinois statutes and procedural rules. We work towards the maximization of recovery of your funds and ensure that the debtor abides by their legal obligations.

Protection Of Rights Of Creditors

This can greatly complicate efforts to collect when a debtor files for bankruptcy. However, businesses do have rights as creditors that should be protected under any bankruptcy. We at Business Law Group, represent creditors in bankruptcy cases to ensure that your rights are protected and that you have the opportunity to recover as much of the debt as possible. We help protect your interests in the bankruptcy process, whether it involves filing claims, objecting to a discharge in bankruptcy, or working out payment plans.

Secured And Unsecured Debt Collections

Whether you have to collect secured or unsecured debts for your business, we are always there to help. Secured debts are those obligations for which some kind of collateral can back their collection; these are comparatively easy to recover. The unsecured ones lack this kind of collateral and involve a different mode of recovery. Our firm is experienced in both secured and unsecured debt and takes care to ensure all collections are in complete compliance with Illinois laws regarding secured transactions, the Uniform Commercial Code of Illinois. We will work hard to recover your secured assets or get you paid on your unsecured debt, providing you with a case-specific strategy.

Regulatory Compliance

It’s crucial to remember that compliance with the laws that govern debt collection is the most important step in avoiding legal risk and guaranteeing the success of your collection efforts. Our firm at Business Law Group, is committed to ensuring all collection activities are conducted in conformity with both the Illinois Collection Agency Act, 225 ILCS 425/, and the federal Fair Debt Collection Practices Act, FDCPA. We can help your business get through the complex regulatory environment to make sure that you collect your debts legally and effectively. Be assured that with us, every legal exposure shall be covered while maximizing your recovery prospects.

Contact Our Chicago Debt Collection Attorneys For Exceptional Legal Assistance

Business Law Group is dedicated to ensuring the business enterprise recovers its debts while ensuring that its financial interest is cared for. From pre-litigation negotiation to debt recovery litigation and post-judgment enforcement, our lawyers offer skilled legal counsel for any business enterprise in all phases of business collections. That is why we would like you to take advantage of our free consultation offer. Contact our Chicago debt collection attorneys at Business Law Group by calling 224-353-6498 to receive your free consultation. Our legal professionals are always ready to help steer you through the intricacies of debt collection, keeping your business safe and away from financial pitfalls.