SFEE

Suit Fee (Non-Contingent)

 

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.  

 To Enter a SFEE Transaction:

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.