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Few things are more frustrating than businesses that do not pay their debts. Those unwilling to pay can put your own organization at risk, leaving you no choice but to initiate legal action. Plaintiffs considering a lawsuit can also file a prejudgment writ of...
Business professionals understand the inevitability of a customer not paying their bills in a timely manner, if at all. Many companies in a B2B dynamic take the route of having their own internal collection mechanisms for those who have fallen past due in their...
There are several options for collecting commercial debts. The best choice will likely depend upon a variety of factors. The first question to ask is whether it is: Do you seek a pre-judgment writ of attachment before court judgment, or do you wait for the court...
Many consumers who find themselves with heavy debt loads employ many strategies to avoid paying what they owe. Delinquency notices pile in email accounts and mailboxes, leading to the debtor stopping all communications. While sometimes it is accidental due to a...
There is no shortage of advice online centered around topics such as “How to outsmart your creditors” and “Tips for avoiding debt collectors.” If you are owed money, it might be helpful to know the information your debtors are accessing to keep you from getting what...
It's a good rule of thumb that well-run businesses look for like-minded ones when conducting transactions. Regular customers who continually provide or require goods and services likely have a line of credit. Even though they are responsible companies, their credit...
The time to pursue your debt collection in a courtroom is when you've exhausted every other method. However, going to court can be costly, and going through the court system requires you to take specific steps: Step 1 find the proper courtroom Depending on the size of...
It’s an unfortunate truth that many people refuse to pay what they owe, and some may even resort to dishonest measures in order to move the assets or money that they owe you out of your reach. In situations like these, it may be necessary to file for a prejudgment...
If someone owes you money and you are having a hard time collecting on the debt, knowing that person's tendencies is a good first step to a successful collection effort. Here are three common debtor profiles and a few tips for how to address the unique challenges they...
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....