Businesses owed money by an individual may need to spend years collecting on that debt. Hospitals might enter into payment arrangements with someone on a fixed income, for example, that will require many years of payments to complete. Most organizations that...
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Special Circumstances
Can I collect if the debtor’s assets are in retirement accounts?
Creditors who are looking to collect on consumer debt may find themselves facing unscrupulous efforts to avoid repayment. In these situations, the creditor may need to consider various ways to get the money. One example is to consider the consumer’s retirement assets....
3 kinds of debts to pursue when a debtor dies in California
What happens to people after death? No one knows for sure – but one thing is certain: if they are in debt in California at the time of their death, some of their debts will have to be paid. This is because California is a community property state, meaning that a...
Can you collect debts from retirement plans?
When a debtor claims they do cannot pay you what they owe, it is crucial you search far and wide. People who say they do not have money might not have a full bank account, but they may have funds in places they think you cannot touch. One place people believe their...
When is someone liable for their spouse’s debt?
Collecting a debt from someone other than the debtor can be tricky, but certain circumstances do allow for it. The law has long recognized the responsibility spouses may have for each other’s debts, going all the way back to English common law. The Doctrine of...