Commercial Debt Collection in Lynn Haven
Located in the northeaster region of Florida is Lynn Haven, a town of approximately 18,000 residents. Lynn Haven stands as a testament to the area’s natural beauty and vibrant community spirit. With its rich history, thriving economy, and strong sense of community, Lynn Haven has become a cherished destination for both residents and visitors.
Commercial Debt Laws in Lynn Haven
For businesses struggling with commercial debt, Lynn Haven has established laws to help direct those businesses to better legal outcomes. The legal interest and judgment rates is 10 percent, and bad check laws ensure that a treble amount is demanded after 30 days, in addition to the amount owed, bank/court costs, and reasonable attorney fees.
The statute of limitations includes:
- Open Accounts: 4 years
- Written Contracts: 5 years
- Domestic Judgments: 7 years (renewable)
History of Lynn Haven
Lynn Haven was founded in 1911 by W.H. Lynn and was initially used as a lumber town, with timber and shipbuilding playing crucial roles in its growth. Over the years, Lynn Haven has transformed into a modern city while still preserving its historical charm. In 2018, the category 5 Hurricane Michael made landfall in Lynn Haven, resulting in displacement of thousands of its residents and damaged buildings.
One of the defining features of Lynn Haven is its stunning natural surroundings. The city is located on the shores of North Bay and is surrounded by lush forests, which provides residents with access to both waterfront views and serene landscapes. The proximity to the Gulf of Mexico allows for a range of water-related activities, from boating and fishing to simply enjoying the calming sound of waves.
Lynn Haven has recently been committed to preserving its natural beauty with its several parks and recreational areas scattered throughout the city. Lynn Haven Sports Complex is a hub for outdoor activities, featuring sports fields, playgrounds, and walking trails. A stroll through Sharon Sheffield Park offers a welcome escape from the hustle and bustle of daily life with its beautiful gardens and peaceful atmosphere.
Lynn Haven Education & Economy
Lynn Haven’s educational system is a cornerstone of the community, with schools that prioritize academic excellence and the holistic development of students. The city’s commitment to education is reflected in the quality of its schools, making it an attractive destination for families seeking a nurturing environment for their children.
Economically, Lynn Haven has thrived due to its strategic location and diverse industries. With a mix of small businesses, retail establishments, and service providers, the city has cultivated a resilient economy that contributes to its overall stability. The strong sense of community support has been a driving force behind the success of local businesses, creating a thriving ecosystem that benefits both residents and entrepreneurs.
Contact Prestige Services, Inc.
Contact Prestige Services, Inc., if you own a business and are owed money from another company, that way our representatives can help get money returned to you. We offer a variety of services to businesses like yours, including free final notice forms, professional skip tracing, bank account searches, and more. We only take a contingency fee if we collect money in the debt collection process—so if our debt recovery service fails, there won’t be any fees for you.
For more information on the services we provide, visit our Services page.