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As a creditor, you deserve to be paid. Collecting from a debtor in California is always a challenge, but the problem is made much worse when the debtor files for bankruptcy relief. As a creditor, it is important to know that even when debtors file for bankruptcy, you...
When a California consumer neglects to pay his or her debt, it can leave businesses with financial losses and other complications. Parties who are owed money have the right to pursue payment of these balances through various means, including turning to debt collectors...
Winning a judgment against a debtor does not always mean that a creditor or business will immediately receive what the debtor owes. In fact, in many cases, a creditor in California may have to take legal steps for judgment enforcement. If the debtor is a retail...
As a business trying to manage its cash flow, you can only vet those you do business with to such an extent before it becomes untenable for your operation. Most people will act scrupulously when it comes to their business interactions, but when a customer or business...
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...
When an individual or California business is behind in making payments on a debt, the creditor may take legal action in order to collect on that balance. One way this may happen is by asking a court for a judgment, which is something that allows the creditor to secure...
For companies operating on a smaller scale, the question of pursuing unpaid debts is a tricky one. For debtors with complex assets and estate plans, that task can be even more challenging to parse out. Understanding the obstacles to creditors It’s a common tactic...
Collecting past-due payments from commercial clients in California can be frustrating. While there are many different options by which a creditor can seek payment, the right choice depends on the details of the individual situation. When it comes to effective...
Few things are more frustrating than securing a judgment against a debtor only to discover that they have transferred assets beyond your reach. Fortunately, you do have legal recourse for recovering what you are owed. The Uniform Fraudulent Transfers Act (UFTA)...
A creditor has the right to collect on past-due balances, and there are several options for compelling a debtor to make a payment. The creditor may go to court to request a judgment, which is a legally enforceable way to secure money from a past-due account. A...