Real Estate Law
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Is it a corporation that you work for?
You will have to file a lawsuit in either County Court at Law or District Court but since you are corporation you are required to use a lawyer to handle the case for your company.
The lawyer will then, as you mention, get a judgment for whatever you are owed as well as whatever the attorney's fees and costs are as well.
After the time for appeal has passed, which in Texas is about thirty days depending on whether the other side files a Motion for New Trial or not, the lawyer will then begin collection attempts. This will normally involve sending what is known as "post judgment discovery" to locate the assets of the defendant. Once that is done the lawyer will then begin attempting to seize money and assets using Writs of Garnishment and Writs of Attachment. The lawyer will try and "grab" bank accounts, accounts receivable, etc. and then apply it against what is owed. Usually the court will allow the attorney to add in the fees he has incurred during the collection process as well as for the lawsuit itself.
Please ask any follow up questions in this thread.
It certainly is possible to sell it to a collection agency but usually they only pay pennies on the dollar for debt. There may be some that I am not aware of that specialize in commercial debt that pay more but it's not something I've ever dealt with.
You may want to look for lawyers that specialize in Collections, you can likely find one at www.lawyers.com, they used to take cases for a % of what they recover if it is a financially healthy company. That is likely you best bet.