Burt and Associates is a Collection Agency specializing in Commercial Collections with coverage for Florida.
Miami | Jacksonville | Orlando | Tampa
Why Miami Businesses Choose Burt and Associates
Miami’s vibrant economy is the gateway to international trade, tourism, and commerce, making it one of the most dynamic markets in the U.S. However, managing overdue payments in this fast-paced environment can be a significant challenge for businesses. Burt and Associates specializes in tailoring debt collection services to meet Miami’s diverse industries’ unique needs.
Key Reasons to Choose Burt and Associates
How Burt and Associates Works
Contact Burt and Associates
- Toll-free: 1-877-740-7839
- Fill out our Contact Form online
- For a Free Quote, please fill out our Get Quote Form online
- Note: Miami’s diverse and rapidly evolving economy offers unique opportunities for debt recovery. Burt and Associates are uniquely positioned to help you recover debts that may have been difficult to collect in the past. With many debtors in a stronger financial position, now is the ideal time to secure the funds owed to you.
Miami, FL Collection Laws
Understanding the specific collection laws in Miami is essential for effectively managing your accounts. Below is a summary of relevant Florida collection laws:
- Interest Rate on Judgments: Legal rate: 10%; Judgment interest: 10% or up to 18% if contractually agreed upon.
- Statute of Limitations:
- Open Accounts: 4 years
- Written Contracts: 5 years
- Domestic Judgments: 7 years (renewable)
- Foreign Judgments: 5 years if not recorded in the state
- Bad Check Laws (NSF): Civil penalties include treble damages after a 30-day demand and the amount owed, bank and court costs, and reasonable attorney fees.
- Garnishment Exemptions: Federal law governs exemptions with specific provisions in Florida, including:
- 100% head of household exemption
- Liberal Homestead Exemption: The first $1,000 of an automobile is exempt.
Critical Considerations for Businesses in Miami
- Regulatory Compliance: Florida’s unique regulatory environment requires careful navigation to ensure compliance with state-specific collection laws.
- Strategic Debt Recovery: Burt and Associates leverages its expertise in the Miami market to provide tailored solutions that maximize debt recovery while protecting your business reputation.
- Economic Landscape: Miami’s robust economy presents challenges and opportunities for debt recovery. Our team understands local market dynamics and can help you manage and recover outstanding debts effectively.
Economic Overview
- Miami’s GDP Growth: Ranked among the top cities in the U.S. for economic output, Miami contributed $376 billion to the U.S. economy in 2022.
Source: Federal Reserve Economic Data - Small Business Hub: Miami-Dade County is home to over 80,000 small businesses, many of which rely on consistent cash flow.
Source: Miami Chamber of Commerce
- Miami’s GDP Growth: Ranked among the top cities in the U.S. for economic output, Miami contributed $376 billion to the U.S. economy in 2022.
FAQs About Debt Collection in Miami
Due to Miami’s high-volume economic activities, industries such as hospitality, real estate, retail, and international trade often experience overdue accounts.
Florida law requires strict compliance to ensure ethical collections. For example, the Florida Consumer Collection Practices Act (FCCPA) prohibits harassing or deceptive practices. Non-compliance could lead to fines. Learn more about Florida’s collection regulations here
The timeline depends on the complexity of the case and the debtor’s response. Simple cases can be resolved within 30-60 days, while more complex disputes may take longer. Our team works to expedite the process while maintaining compliance with Florida and federal laws.
Industries We Serve
As a finance manager, you understand the importance of a smooth and timely financial close. But even with the best strategies, challenges can arise. That’s where the right partnership can make all the difference. At Burt and Associates, we specialize in tailored, ethical debt collection practices that align with your business goals. By integrating our services, you can focus on optimizing your financial close process without the added stress of managing overdue accounts.
We know every business is unique, and that’s why we work closely with you to develop a customized approach that meets your specific needs. Whether you’re dealing with complex financial situations or looking to improve cash flow, our team is here to support you every step.
Success Story: Recovering Debts in Miami’s Tourism Industry
A small hospitality business in Miami Beach faced over $75,000 in unpaid invoices from corporate clients after the pandemic impacted their operations. Burt and Associates implemented a targeted recovery strategy, including bilingual outreach, ethical negotiation, and arbitration. Within 60 days, the business recovered 85% of the outstanding debts.
Read more success stories on our case studies page
Let’s turn those strategies into results together. Contact us today to take the first step towards a more efficient financial close.
Let's Work Together to Optimize Your Business!
At Burt and Associates, we specialize in business-to-business (B2B) debt collection, prioritizing strong business relationships and tailored ethical recovery practices. Choose the approach that best fits your needs, and let’s take the first step toward improving your cash flow.
If you’re ready to discuss your overdue accounts and explore customized solutions, schedule a free consultation with one of our experts.
