California creditors often face complex challenges when trying to collect debts owed to them by businesses and individual consumers. There are various ways to secure payment in a legal manner, and one option may include seeking a judgment from the court. After successfully securing a judgment, the most common and effective type of post-judgment relief is a...
Collections
How can a ‘keeper’ help me with a judgment enforcement?
Winning a judgment against a debtor does not always mean that a creditor or business will immediately receive what the debtor owes. In fact, in many cases, a creditor in California may have to take legal steps for judgment enforcement. If the debtor is a retail business, there are some unique ways a creditor may collect on a judgment, including using a...
What If A Debtor’s Money Is Overseas?
As a business trying to manage its cash flow, you can only vet those you do business with to such an extent before it becomes untenable for your operation. Most people will act scrupulously when it comes to their business interactions, but when a customer or business fails to pay their debts, you need to know the recovery options. This arrangement can...
Using appointment of receivers as a means of debt collection
When a debtor will not make a payment on a balance he or she owes, it can leave a creditor in a precarious financial situation. It is essential to collect money owed, and it is appropriate to take legal steps when a debtor will not fulfill his or her financial obligations. There are various collection methods available by which a California company or...
Implementing bank levies as a means of collection
When an individual or California business is behind in making payments on a debt, the creditor may take legal action in order to collect on that balance. One way this may happen is by asking a court for a judgment, which is something that allows the creditor to secure money from the debtor even without the debtor’s cooperation. Bank levies are a commonly...
How To Collect If A Debtor’s House Is In A Trust?
For companies operating on a smaller scale, the question of pursuing unpaid debts is a tricky one. For debtors with complex assets and estate plans, that task can be even more challenging to parse out. Understanding the obstacles to creditors It’s a common tactic that people drafting an estate will place a house into a revocable trust to protect that...
Who owes what and when can dictate how to pursue unpaid debts
Collecting past-due payments from commercial clients in California can be frustrating. While there are many different options by which a creditor can seek payment, the right choice depends on the details of the individual situation. When it comes to effective commercial debt collection solutions, a unique approach is crucial. And these are certainly unique...
What are a creditor’s options for enforcing a judgment?
A creditor has the right to collect on past-due balances, and there are several options for compelling a debtor to make a payment. The creditor may go to court to request a judgment, which is a legally enforceable way to secure money from a past-due account. A judgment is only the first step in many cases. A California creditor may have to take steps to...
Commercial debt collection: Increasing the odds of getting paid
California small business owners have encountered some unexpected obstacles in the last few months that make receiving payment from those they have contracts with vital for the survival of the venture. Commercial debt collection had its challenges prior to recent events, but now it can be even more problematic. Even so, there may be ways to help increase...
Using a bank levy for judgment enforcement requires good timing
California businesses often have the unenviable task of taking a client or customer to court in order to receive payment owed to them. Receiving a judgment from the court specifying the amount owed to a particular business from another party may seem like a victory, but there is still more work to be done. Collecting on that judgment may require using a...