Based in Houston, Texas, Ernst, Rubin & Associates specializes in the fast-track, pre-litigation recovery of large balance receivables and breach-of-contract cases both domestic and international. Backed by decades of experience in large balance commercial collections, the professionals at Ernst, Rubin & Associates have successfully recovered millions of dollars in delinquent receivables on behalf of some of the world’s leading companies. We are dedicated to making our success your success. When a receivable crosses 90 days the chances of recovery start to fall off like a bad DOW chart such that when it reaches 180 days the likelihood of recovery is roughly 30%, and when it reaches 1 year the chances are less than 10%. The question becomes whether to continue holding the accounts that have aged beyond 90 days and watch much of that money disappear over the next few months, or to place them in collections at 90 days. Collecting past-due receivables, similar to investing in the stock market, is knowing when to cut loses. When customers hold your company’s money, they are costing your company money because time is money. Beyond a certain point the cost is measured not only in terms of not having the money in-house, but also in the time that it takes to chase down the customers that are breaking promises, making excuses, or simply not taking your calls.

If your company is like many of the clients that we are working with, in addition to focusing on their core businesses and doing what it is they actually do to make money, they are generating financial reports, conducting audits, nurturing client relationships, and it’s not easy for them to effectively pursue the customers that are abusing their payment terms and at the same time maintain the accounts that are current, which is why they work with us. Time is Money Net terms are net terms, not “net whenever” a customer decides they want to pay. Terms are not expandable to suit customers’ needs because, remember, these are people who promised to pay within net terms. Most companies offer 30-day terms because that typically aligns with their customers’ payment cycles so 30 days is fine; however, things happen, invoices get misplaced and provided that the customer is still communicating even 60 days is OK. But when an account reaches 90 days, which is 3 times the terms that the customer agreed to when they signed off on the invoices, there is a reason they haven’t paid and they’re just not telling you. We Help Debtor Companies Find Their Checkbooks.