Blog

California Debt Collection Blog

How debtors try to abuse personal bankruptcy and hurt businesses

There are numerous ways that debtors filing for bankruptcy might abuse the system with fraudulent activity. Hiding assets from creditors is a common scheme since people don't want to give up their property but still want to receive a discharge of their debts. However, it is possible for people to abuse bankruptcy proceedings in other ways. Someone...

read more

Can you collect if a business has no cash on hand? 

Your company loans money to a small business, which then fails to pay it back. When you ask for payment on that debt, they claim they have no cash and couldn’t even pay if they wanted to. Are you still able to collect?  First of all, if you’re considering legal action and a lawsuit, remember that winning the suit doesn’t hinge on whether or not the company...

read more

You can find hidden assets and correct fraudulent transfers

As a business owner, it can be extremely frustrating when you cannot get paid for the work that you’ve done or the services you’ve provided. Seeing someone take from you without being willing to pay what’s owed is hurtful and harms your business. Sometimes, it’s possible to seek out compensation through a judgment. The other party may show up to court to...

read more

4 ways people may attempt to hide assets when facing collections

If someone owes you money and you’re trying to collect, it’s already a frustrating situation. If they would have just paid like they agreed to do, this whole situation could have been avoided. But they haven’t paid, and now you have to try to actively seek that money.  Worse yet, you believe that they could pay. It’s not an issue of not having the assets...

read more

The role of a forensic accountant in difficult collection cases

An individual owes your business a significant amount of money. Despite having a job, a vehicle and a house, they claim that they simply cannot make payments on what they owe you and default on the debt. Maybe they even try to file for bankruptcy to keep you from suing them or move some of their assets to a different form of ownership. People often try to...

read more

3 kinds of debts to pursue when a debtor dies in California

What happens to people after death? No one knows for sure – but one thing is certain: if they are in debt in California at the time of their death, some of their debts will have to be paid. This is because California is a community property state, meaning that a marriage or a registered domestic partnership makes both parties one “community.” This gives...

read more

Piercing the corporate veil can help you collect on debts

One of the benefits of starting a corporation or LLC is that the business entity protects the owner(s) from any personal liability. If the business fails, if it faces a major lawsuit or if it accrues substantial debt, the company and not the person who runs the business will be financially responsible. While this system protects people from major losses...

read more

Understanding California’s statute of limitations on debt collections

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...

read more