In business, unpaid debts aren’t just frustrating, they can affect your cash flow, operations, and relationships. Whether you’re a small business, a professional, or a creditor trying to enforce a contract or loan, knowing when to involve a debt collection lawyer can make all the difference.
At McKechnie & Company, we help businesses and individuals across British Columbia recover what they’re owed. Our team is experienced in strategic, cost-effective debt recovery – from initial demands to enforcement.
Signs That It’s Time to Hire a Debt Collection Lawyer
Not every overdue invoice requires legal intervention. But when debts remain unpaid after reasonable efforts, it may be time to escalate. You may benefit from a lawyer if:
- You think you may be facing a legal limitation deadline for collecting
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A customer or client has ignored repeated requests for payment
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Payment deadlines have been missed without explanation
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The amount owed is significant or affecting your business
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The debtor is disputing the terms of a contract or invoice
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You need to enforce a judgment, promissory note, or guarantee
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You’re concerned about the debtor hiding assets or becoming insolvent
Even if litigation isn’t your first choice, legal pressure can often prompt faster resolution.
What a Debt Collection Lawyer Can Do for You
At McKechnie & Company, we guide clients through all stages of debt recovery. We offer:
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Formal demand letters that carry legal weight
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Negotiation of payment plans or settlements
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Contract enforcement for services rendered, loans, or guarantees
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Filing lawsuits in BC courts for debt collection
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Enforcement of judgments, including garnishment and seizure
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Cross-border and foreign judgment enforcement
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Bankruptcy and insolvency representation for creditors
Whether you’re dealing with a straightforward unpaid invoice or a complex commercial dispute, we’ll help you choose the right strategy, and protect your bottom line.
Understanding BC’s Debt Collection Laws
British Columbia’s legal framework provides clear processes for pursuing debts. As a creditor, you have several tools at your disposal, but timing is important. In BC, the limitation period to sue for a debt is generally two years from the date of default or last payment.
Letting too much time pass could limit your legal options. A lawyer can assess your file and advise you on deadlines, next steps, and possible risks.
Frequently Asked Questions
When should a business escalate an unpaid invoice to a lawyer?
If a client has ignored multiple reminders or disputes the debt, or if you’ve exhausted internal collection efforts without success, it’s time to speak with a lawyer. Early legal intervention can save time and recover more value.
Can McKechnie & Company send formal demand letters?
Absolutely. A formal letter from a law firm often prompts faster resolution than one from your office or a collection agency. It signals you’re serious — and may avoid the need for litigation.
What happens if the debtor refuses to pay after being contacted?
If negotiation fails, we can file a lawsuit and pursue legal remedies such as garnishment, asset seizure, or registering the debt as a judgment. We’ll advise on cost-effective next steps based on your situation.
Does McKechnie & Company represent individuals owed money, not just businesses?
Yes. We represent creditors of all kinds – including professionals, landlords, contractors, and individuals seeking to enforce personal loans or promissory notes.
Can you recover debt from a business that’s closing or insolvent?
Possibly. We can assist in bankruptcy and insolvency proceedings and advise you on filing claims or protecting your rights as a creditor. Timing is key in these situations.
Why Choose McKechnie & Company for Debt Recovery?
Located in Yaletown, Vancouver, the lawyers at McKechnie & Company are trusted by businesses and creditors across BC to handle debt recovery matters efficiently and professionally. We understand that protecting relationships is often as important as recovering funds, and we tailor our approach accordingly.
Whether you’re facing a one-time debt issue or recurring payment challenges, we offer:
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Practical advice
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Prompt action
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Transparent fees
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Proven results
📞 Contact us today for a free 30-minute consultation and learn how we can help you recover what you’re owed. ⬇️ ⬇️ ⬇️ ⬇️