Jayaram Law Successfully Recovers a Substantial Five-Year Old Business Debt on Behalf of Client

Chicago — The Jayaram Law Group, a business law firm in Chicago with a focus on business-to-business debt collection, recently collected the entirety of a substantial six-figure debt owed to a client for nearly five years.

“I approached the situation in a firm but flexible manner,” said Vivek Jayaram, namesake of the Jayaram Law Group. Another key to the successful settlement of the debt owed by an investment bank to Jayaram’s client, a New York-based consulting firm, was the calculated decision not to charge interest on the aged debt. “That was a strong bargaining point. If we went to litigation, a significant amount of interest would have accrued, potentially increasing the debtor’s financial liability that much more,” he said.

Jayaram was not the first person who sought to settle the account owed to his client, but he was the only successful one. He employed his years of experience negotiating debts owed by one business to another by emphasizing his client’s adequate performance of its duties under the original contract between the two entities. That strategy negated any defense the debtor might have raised to minimize its debt to Jayaram’s client.

The Jayaram Law Group, established in 2004, is a Chicago-based business-centric law firm providing a range of legal services to middle-market businesses, with an emphasis on business litigation, business-to-business collections, local counsel representation, preparation and review of business transactions, and copyright and trademark licensing for clients nationwide. For additional information, see www.jayaramlaw.com.