We Don’t Stop Until We Succeed
Many California businesses are struggling right now. When a company that owes you money faces serious trouble, it’s not good news for you and your prospects of collection. You have many different options for pursuing the unpaid debt, but what is the best option for...
Wouldn't it be great if everyone paid their debts in full and on time? Unfortunately, wishful thinking gets us nowhere when it comes to keeping a business in the black. What does move us forward is making wise decisions based on the best information available....
Ideally, when a business sells goods or services to other companies, they will have protocols in place in case a corporate client fails to pay for those goods or services in a timely manner. For instance, an organization may decide that it will wait 30 days to receive...
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...
It is not uncommon for individuals, professionals and corporate entities to fail to pay their bills on time. However, companies that are not paid in a timely manner need to take steps to collect past due balances as quickly as possible. The first step is to send...
Creditors who issue loans in California secured by tangible property largely have the right of repossession if the debtor fails to pay the loan according to the terms of the loan contract. The contract essentially grants the creditor an ownership interest in the...
Debt collectors in California may be allowed to check your credit as part of an effort to obtain money that they are owed. This is according to a ruling made by the Northern District of Illinois in the case of Stewart v. Credit Control, LLC. In that case, the...
California companies that engage in debt collection activities may benefit from automating their processes. The use of technology to review a debtor's income and net worth may make it easier to determine what type of settlement to offer that individual or business....
Californians running small businesses face a unique set of challenges. One of the most common concerns is collecting debt. In some cases, a person or entity who owns a small business might not pay what is owed on time, in part or in full. Commercial debt collection...
Debt collection is easier said than done. At some point, companies will have to deal with clients who cannot afford to pay them or simply refuse to pay them. When these types of payment disputes arise, companies should consider using a collections attorney. But before...