This last article of a series will cover bond claims, a few miscellaneous methods of recovery, and advice regarding recovery of outstanding debts.

Throughout the past seven columns, methods of debt collection have been discussed. Liens, bond claims, demand letters, and other various tactics have been covered in order to give a contractor or subcontractor the basic knowledge necessary to at least adequately prepare for debt collection. This last article will cover a final word on bond claims, a few miscellaneous methods of recovery, and then some final advice regarding recovery of outstanding debts.

Some states may have statutes that provide for a recovery of attorneys’ fees and court costs for recovery of unpaid debts. Each state has different laws and statutes, and it is important to check with an attorney in your state to determine your legal rights and remedies.