Getting the money you’re due can be challenging, especially when debtors ignore the invoices you send. Once you realize that ordinary approaches aren’t going to produce the results you want, you may decide to move forward with more pointed collection attempts. One of...
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Commercial Debt Collection
The role of forensic accountants in debt collection efforts
Forensic accountants often serve as crucial resources for debt collectors. They provide specialized expertise that extends beyond traditional accounting practices. Their role is to provide a detailed and systematic examination of financial records to uncover facts and...
What does it mean to domesticate a foreign judgment?
The legal system is slightly different in every state. Statutes and court precedents are slightly different from one jurisdiction to another. Some people try to use that fact to their advantage when they face legal consequences for their actions or choices. They might...
Can California creditors intercept a debtor’s tax refund?
Debt collection can be a very difficult process for a business. Most companies do not have a specialized debt collection department, and even those that do may only have a few employees working in that area. The more complex a situation becomes, the more likely the...
Collecting medical debt can be a sensitive undertaking
According to the Consumer Finance Protection Bureau (CFPB), medical debt is the most frequent kind of collection actions that appears on consumer credit reports. A whopping 57% of collections of this kind are related to medical debt. Yet, debt collection activity...
What is the statute of limitations on debt collections in California?
In California, the statute of limitations on debts is a critical legal boundary that debt collectors must be acutely aware of. This period dictates when a creditor or collector can legally sue to collect a debt. The statute of limitations on debts in California varies...
A judgment can lead to a lien against a debtor’s home
Creditors trying to collect on a debt may feel like they are at the mercy of debtors. It can be very difficult to contact someone who does not want to take responsibility for their financial obligations. It can be even more difficult to convince them to pay their...
Can social media help a business collect on a debt?
Social media has proven to be a very valuable tool for businesses. It has never been easier to create a strong brand and to quickly connect with a specific demographic of customers. Targeted advertising on social media and the freedom of expression on social media...
Can someone craft a trust to avoid a creditor lawsuit?
When someone owes a business money, they generally have an obligation to pay in full or negotiate a specific payment arrangement that both parties believe is reasonable. Expecting someone to fulfill their financial obligations is reasonable, especially when a creditor...
How to handle a debtor who is working under the table to avoid paying
Some people who owe money to others do anything they can to avoid paying what they owe. For example, some people quit their jobs. They know that creditors can take them to court to garnish their wages, so they look for a way to earn income that is safeguarded from a...