Selling commercial debt at charge-off, instead of spending years trying to collect it, allows you to put money back into making loans, leases, and merchant cash advances where you can generate a much better return
⦾ Equipment Leasing & Finance Agreements
⦾ Merchant Cash Advances
⦾ Term Loans
⦾ Business-to-Business Debt
iLex Asset Recovery team is comprised of MCA legal experts that specialize solely in Merchant Cash Advance collections and have recovered millions on behalf of MCA companies.
With uncooperative debtors, it can sometimes become necessary to take legal action.
As a member of iLex you will have the benefit of our talented and knowledgeable legal department who will be right with you every step of the way. Our legal department will begin the process by completing a pre-suit investigation, which will determine whether or not proceeding with legal action would be in your best interest. Our legal department will then proceed with preparing and filing your claim with the Court.
Once a Judgment has been awarded our legal department will continue to work to enforce your Judgment through the most viable method, which could include wage garnishment, bank account garnishment, leins, etc.
As a full service collection agency, iLex Asset Recovery Group is able to assist our members with obtaining and, most importantly, enforcing a judgment. Judgment enforcement becomes necessary when a court has awarded a judgment in your favor, yet the debtor is still not willing to voluntarily pay. There are a number of different ways a Judgment might be enforced which could include garnishing wages, seizing assets, seizing bank accounts and liens. iLex members can trust that our legal team will do the required searches to investigate the most suitable method for enforcement and take all of the necessary steps to execute the enforcement.
We have the greatest attorneys and litigators within our network from NY down to FL there are dozens of states we have resources in that can be of service. We have volume-based plans to best match our client’s needs.
This may include contract preparation / revisions/ commercial collections / negotiations services, and lien management services just to name a few.
Litigation Finance is the exclusive vertical for any to ensure only the best results. iLex can be the great equalizer and bring our client’s litigation outcomes to new heights. If a case is winnable then why would you limit the outcome? Whether it is an attorney or a plaintiff there are many benefits.
⦾ Improved Results
⦾ Remain Liquid
⦾ Mitigate Risk