Collecting on past-due accounts is difficult enough without making preventable mistakes. Three things business owners and accounts receivable professionals should try to avoid include: Waiting too long In California, the statute of limitations on collecting debts is four years for breaches of written contracts. If you let that time pass without taking...
Month: January 2022
Getting the details right when filing for Abstract of Judgment
Winning a money judgment in court is oftentimes only the first battle in the longer war of collecting a debt. If the debtor still is unable or unwilling to satisfy the debt, you may need to file for an Abstract of Judgment, a legal instrument that will place a lien on any real property the debtor owns or attempts to purchase in the future. An Abstract of...