Suit fees (sometimes called "non-contingent suit fees") are fees charged to the client prior to filing suit for a particular claim. Suit fees usually are applied for commercial collections with more complex litigation requirements than consumer debts. When a suit fee (SFEE) transaction is entered, an invoice is generated internally in CMWin and may be printed at the users option. See Invoice History.
Select SFEE from the Enter Transaction Code
selection and click :
to display the Suit Fee - SFEE screen:
The field will reflect the date of your transaction.
Enter the
amount of the SFEE transaction
in the field. If you are to charge a percentage of the amount
owed as a suit fee, click the
button. This will open the
SFEE calculator window:
Check the
portions of the debt that you would like included in the SFEE
calculation. Then enter the percentage to charge in the percentage field
and click the button to calculate your SFEE
transaction amount.
If using the Compute Fee option, CollectMax will maintain the settings used to compute the fee for any subsequent SFEE transactions. CollectMax will continue to maintain these settings until different settings are used in the Compute Fee option.
Select from
the list when the SFEE
should be release.
Remittance will release the funds either when Paid by Client, or after the Filing or Judgment Date.
Enter any notes regarding this SFEE transaction in the Note field:
.
The Invoice Section will appear with the next invoice number for this client. You may overwrite this selection by deleting and typing in a new invoice number.
Select to save your SFEE
transaction.
Note: Client payments applied to suit fees invoices may be placed directly in the firm operating account or they may be held in the trust account pending suit filing or judgment date. Claim balance owing by the debtor are not affected by suit fees.