Contingency based collection means that payment for our work is contingent upon our success. If we are unsuccessful in our attempts to collect, it costs you nothing.
Collectrite Credit Bureau Collections referred our office to the Christensen Law Firm after recovering $42,000 of a $140,000 delinquent debt owed to us by a commercial customer. Due to the poor results that we had in the past with paying lawyers by the hour, we were leaning towards writing off the remainder of the debt. Mr. Christensen put his money where his mouth is and offered to work on a contingency fee basis and charge only for upfront court costs. They assumed we were paying Mr. Christensen by the hour and would fold, but he was true to his word and didn’t charge any hourly fees; just a percentage of what he recovered. Mr. Christensen first won a motion for summary judgment on our behalf in Superior Court. Christensen Law Firm recovered $117,000 on our original debt of $98,000. Using Christensen Law Firm not only obtained the money that was owing to us; but it also gave us the satisfaction to see someone who had lied to us, cheated us and made false accusations against us; be held accountable and proven wrong in court.
Collection agencies are specifically prohibited by the Collection Agencies Act in Ontario from adding any collection costs to a debt they are collecting. Lawyers are excluded from this legislation therefore, it is within a law firm's right to recover full costs for it's clients.