Sometimes pushing too hard can cost you more than you think. This is how aggressive collection tactics can force a struggling business into bankruptcy, leaving you with far less than what your debtor owes you. Hence, understanding how to collect debt from a...
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Bankruptcy & Debt Collection
What to do when your customer declares bankruptcy?
When bankruptcy papers arrive in your mailbox, they often signal the beginning of a formal legal process that will determine how much, if anything, you will recover from your customer's debt. Bankruptcy laws can be overwhelming. Still, understanding the basics of...
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,...
What to do if a debtor files for bankruptcy?
As a creditor, you deserve to be paid. Collecting from a debtor in California is always a challenge, but the problem is made much worse when the debtor files for bankruptcy relief. As a creditor, it is important to know that even when debtors file for bankruptcy, you...
Collecting from a business that has filed for bankruptcy
Few things are more frustrating than having a business owe you money only for the company to file for bankruptcy. You may have done everything in your power to recover your financials. Unfortunately, bankruptcy protection can limit your options going forward. However,...