We are a company in NH, the other company I worked for is also in NH. The work was performed on different sites, some in NH and some in Mass. The invoices are 5 years old. Is there anything we can do to collect this money?
1 reply
Feb 12, 2020
For invoices in New Hampshire, it may be hard to collect a debt that's 5 years old. After a quick search, it appears that the timeframe for recovering a contract debt will be 3 years. That means legal claims and collection efforts for debts older than 3 years might not be possible. For Massachusetts, that timeframe seems like it may a bit longer - 6 years. So, debts that aren't quite 6 years old may be recoverable via collections, legal claims, etc.
In any case, sending a cusomter an invoice reminder that identifies the debt that's owed, the invoice that the debt ties to, and demands payment on the invoice could be helpful in getting paid. And, escalating things with a demand letter or legal threats could be effective too.
With the above being said, I'll be the first to admit I'm no expert on collecting old invoices in MA or NH. And, for the most clarity, it'd be wise to consult a local debt collection professional or attorney that will be more familiar with these states' regulations and how to best pursue old debts there.