We Don’t Stop Until We Succeed
Collecting on past-due accounts is difficult enough without making preventable mistakes. Three things business owners and accounts receivable professionals should try to avoid include: Waiting too long In California, the statute of limitations on collecting debts is...
Winning a money judgment in court is oftentimes only the first battle in the longer war of collecting a debt. If the debtor still is unable or unwilling to satisfy the debt, you may need to file for an Abstract of Judgment, a legal instrument that will place a lien on...
Debt collectors possess vast resources when trying to get in touch with consumers who are delinquent in their debts. Even with a significant increase in debtors throughout the pandemic, various paths exist to make contact in an effort to find resolutions to past-due...
Anyone can use a trust to serve a number of financial goals. An individual can draft a trust to help the creator ensure beneficiaries use assets to fund higher levels of education or the management of properties. A creator can make a trust to help reduce their...
You’ve gone through all of the proper steps for collecting what your debtor owes you. You’ve tracked down their assets, demanded payment, brought a lawsuit, and obtained a judgment from the court against the debtor for the amount that they owe you. Even after all of...
Debtors are nothing if not clever when it comes to hiding assets. As any creditor or debt collector can tell you, discovering hidden assets and collecting outstanding accounts is not easy. If you suspect that a debtor has taken measures to avoid repayment by using...
Debtors have tried everything under the sun to try to hide and protect their assets from the people that they owe money to. Most of these methods fail – such as when they try to give away assets to avoid collection. Other times, the situation becomes a bit more...
When an individual or business owes your company money, you may need to compel them to pay by engaging in collection activity. Sending letters and calling can help but may not result in the complete repayment of the debt. When standard collection tactics don't work,...
There are numerous ways that debtors filing for bankruptcy might abuse the system with fraudulent activity. Hiding assets from creditors is a common scheme since people don't want to give up their property but still want to receive a discharge of their debts. However,...
Your company loans money to a small business, which then fails to pay it back. When you ask for payment on that debt, they claim they have no cash and couldn’t even pay if they wanted to. Are you still able to collect? First of all, if you’re considering legal action...