For companies operating on a smaller scale, the question of pursuing unpaid debts is a tricky one. For debtors with complex assets and estate plans, that task can be even more challenging to parse out. Understanding the obstacles to creditors It’s a common tactic that people drafting an estate will place a house into a revocable trust to protect that...
Month: December 2020
Who owes what and when can dictate how to pursue unpaid debts
Collecting past-due payments from commercial clients in California can be frustrating. While there are many different options by which a creditor can seek payment, the right choice depends on the details of the individual situation. When it comes to effective commercial debt collection solutions, a unique approach is crucial. And these are certainly unique...
What are your options when debtors commit a fraudulent transfer?
Few things are more frustrating than securing a judgment against a debtor only to discover that they have transferred assets beyond your reach. Fortunately, you do have legal recourse for recovering what you are owed. The Uniform Fraudulent Transfers Act (UFTA) enables creditors to take action whether their claim arose before or after the fraudulent...