Creditors who are looking to collect on consumer debt may find themselves facing unscrupulous efforts to avoid repayment. In these situations, the creditor may need to consider various ways to get the money. One example is to consider the consumer’s retirement assets. Creditors who are looking to collect payment through retirement assets must navigate both...
Month: February 2022
Debt collection options for assets hidden in a business
Collecting a debt can be a stressful task. While it is never a fun task, getting people to pay what they owe is essential to supporting the businesses you serve. When people get desperate to avoid paying a debt, they may resort to trying to hide their assets. In some cases, they will try to conceal their assets within a corporation or an LLC. Here’s what...