Winning a judgment against a debtor does not always mean that a creditor or business will immediately receive what the debtor owes. In fact, in many cases, a creditor in California may have to take legal steps for judgment enforcement. If the debtor is a retail business, there are some unique ways a creditor may collect on a judgment, including using a...
Month: January 2021
What If A Debtor’s Money Is Overseas?
As a business trying to manage its cash flow, you can only vet those you do business with to such an extent before it becomes untenable for your operation. Most people will act scrupulously when it comes to their business interactions, but when a customer or business fails to pay their debts, you need to know the recovery options. This arrangement can...
Using appointment of receivers as a means of debt collection
When a debtor will not make a payment on a balance he or she owes, it can leave a creditor in a precarious financial situation. It is essential to collect money owed, and it is appropriate to take legal steps when a debtor will not fulfill his or her financial obligations. There are various collection methods available by which a California company or...
Implementing bank levies as a means of collection
When an individual or California business is behind in making payments on a debt, the creditor may take legal action in order to collect on that balance. One way this may happen is by asking a court for a judgment, which is something that allows the creditor to secure money from the debtor even without the debtor’s cooperation. Bank levies are a commonly...