Sometimes it is necessary to take legal action to collect debts from a business. Still, even when the courts rule in favor of the plaintiff, the creditor is responsible for collecting the debt owed to them. Garnishing income from a business is one option, but it is also possible for the creditor to garnish non-wage assets. Assuming that the asset is...
Firm News
Do debt obligations expire?
Generally speaking, a debt is only gone when the debtor pays it. Still, California does have a four-year window in which the creditor can take legal action to enforce a valid written contract. However, the clock on the four-year limit can restart each time a debtor makes a partial payment – a partial payment or acknowledging the debt after the four-year...