Commercial Debt Collection

When a customer defaults on equipment financing or stops paying lease obligations, you face a critical commercial debt collection decision: should you repossess the equipment, sue for monetary damages, or pursue both remedies? The wrong choice can cost you tens of...

When another business owes you money, waiting feels like the prudent choice. It is not. Delaying your collection efforts can cost you far more than the debt itself. That is why acting early gives you the best chance of recovering what they owe you and avoiding costly...

In California, you cannot repossess advice once provided. Whether you are an accountant, consultant, or lawyer, an unpaid invoice is an immediate dent to your cash flow. Protecting your practice requires shifting from simply “billing” for time to “securing” revenue...

Not all debts are created equal. Some accounts practically collect themselves once you send a demand letter. Others turn into long, expensive battles that drain your resources. If you have ever wondered why, it comes down to collectability — how likely you are to...

Collecting a commercial debt from a business that has closed can be challenging. When a business shuts its doors, it may leave unpaid debts behind, and recovering that money requires specific steps. In California, creditors have legal options to pursue payment, but...

Old business debts are absolutely collectible, and letting years go by doesn’t erase what’s owed to you. Commercial debts don’t age the way consumer debts do, which means you can still enforce contracts, restart the clock with partial payments and track down debtors...

Manufacturers can face serious cash flow problems when suppliers fail or customers stop paying. Thin profit margins make these problems risky. Dependence on steady supply chains adds to the challenge. Economic changes, shipping delays and other issues can cause unpaid...

Using checks to pay for goods and services is less common than it once was. People now often use various electronic methods, ranging from debit cards to credit cards to Venmo or PayPal. However, businesses will still often use checks for B2B transactions. The reasons...

Some may think that getting money from a no longer active business is like getting blood from a turnip. Nevertheless, it may still be possible to collect that money if the creditor proactively tracks down information about the debtor. Due diligence is key Before...

People who run a business or handle transactions understand the importance of binding contracts. The terms outline the scope of the goods and services provided, the timing, and the cost, but it also stipulates what happens if a customer fails to pay their invoice. One...