Businesses attempting to collect on debts often have more options when a debtor is a business rather than an individual. There are multiple ways to hold another company responsible for unmet financial obligations. In some cases where leadership at an organization has...
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Receivership
3 ways a receivership can benefit a commercial creditor
In many ways, lending to businesses can seem like a safer option than lending to individuals. Unfortunately, organizations can default on what they owe as easily as people might. A business that provided financing or goods and services without immediate payment in...
Exploring the use of receivers to enforce sizable judgments
When one business or individual owes money to another party, they may fail to follow through on their obligations for a variety of reasons. Sometimes, a debtor falls behind because of a budgetary shortfall. Other times, they may have engaged in fraud by entering into...
Receivership can be good news for creditors
A court, government regulator, or private entity appoints a receiver as the custodian of a company or property in debt. Once a receiver is selected, the company goes into receivership. The receiver, who is paid by the entity in receivership, then runs the business or...
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...
Knowing when to seek a receivership
Many California businesses are struggling right now. When a company that owes you money faces serious trouble, it’s not good news for you and your prospects of collection. You have many different options for pursuing the unpaid debt, but what is the best option for...