A creditor has the right to collect on past-due balances, and there are several options for compelling a debtor to make a payment. The creditor may go to court to request a judgment, which is a legally enforceable way to secure money from a past-due account. A judgment is only the first step in many cases. A California creditor may have to take steps to...
Month: November 2020
Commercial debt collection: Increasing the odds of getting paid
California small business owners have encountered some unexpected obstacles in the last few months that make receiving payment from those they have contracts with vital for the survival of the venture. Commercial debt collection had its challenges prior to recent events, but now it can be even more problematic. Even so, there may be ways to help increase...
What to include in a consumer demand letter
Businesses here in California and across the country generally do not provide their goods or services for free. They require payment from clients and customers, and when it is not received, it potentially damages the business. In most cases, a business will not want to go directly to litigation. Instead, a demand letter is often the best first step....