We Don’t Stop Until We Succeed
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....
Collecting a debt can be a stressful task. While it is never a fun task, getting people to pay what they owe is essential to supporting the businesses you serve. When people get desperate to avoid paying a debt, they may resort to trying to hide their assets. In some...
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...