This month in Collection's Corner, we are focusing on deferred billing. Our office offers two different billing options with respect to collection cases: contemporaneous billing (i.e. "pay as you go") or deferred billing. Unlike contemporaneous billing where you receive an invoice for all actions completed on a collection matter and costs incurred during the prior month, with deferred billing, the legal fees are incurred but not invoiced until a "triggering event" occurs. Triggering events include, but are not limited to, bankruptcy filing by the delinquent owner, sale, or other transfer of ownership of the property including foreclosure, writ of execution, death, obtaining a personal judgment against the owner, or if management accepts and processes a payment from the delinquent owner. Once a triggering event occurs, all deferred legal fees will be "brought forward" meaning you will receive an invoice for the deferred amounts in the next month's invoice. Also, while our legal fees will be deferred, the community will still be billed contemporaneously for any actual costs incurred, such as filing fees, private process server fees, title work and the like, because those costs are paid upfront on behalf of the community by our firm.