Companies that extend credit to individuals and those that offer billing after service have been performed will often wonder how they can collect on those debts. While many people who utilize credit to pay for things will take care of those bills, there are some cases in which companies will have to fight for what they’re due. California laws set specific...
Month: June 2021
Can you collect debts from retirement plans?
When a debtor claims they do cannot pay you what they owe, it is crucial you search far and wide. People who say they do not have money might not have a full bank account, but they may have funds in places they think you cannot touch. One place people believe their money is secure from creditors is a retirement plan. Yet, not all retirement plans are as...
Can someone give away assets instead of repaying their debt?
People who owe more money than they can reasonably repay sometimes go to great lengths to avoid taking responsibility for their own debts. Sometimes, they will go as far as to quit their job to avoid wage garnishments or get rid of their own property so that creditors can't claim that property in a civil lawsuit. If you see the signs of someone...
How do I start a lawsuit against a debtor?
There are many ways to persuade a debtor to pay you the money they owe. Yet, sometimes the only option remaining is to file a lawsuit. If so, you need to know what this entails. First, it is essential to remember a lawsuit will cost you time and money. While you may recover your costs, you cannot recover the time you invest. So make sure the sum owed is...
How to collect a debt from assets hidden overseas
One tactic debtors may use to try and keep their assets out of the reach of their creditors is to move them overseas. Their thinking is that once the money crosses an international border, you cannot touch it as a creditor. You may wonder if there's some validity to that logic. Tracking down assets hidden overseas can be challenging. Yet, with enough time...