We Don’t Stop Until We Succeed
A California law that took effect at the beginning of this year affects businesses and other organizations that need to collect debt owed to them by businesses. Specifically, the Rosenthal Fair Debt Collection Practices Act (RFDCPA) expands consumer debt collection...
A steady cash flow is crucial for any business. So, when clients or other business partners fail to pay you on time, it can significantly disrupt your operations. You may be determined to retrieve the money stakeholders owe you through debt collection. However, you...
When people talk about the consequences of debt collection scams, they often focus on how inappropriate collection activity affects individual consumers. However, debt collector misconduct and fraudulent debt collection organizations can negatively impact businesses...
California state law extends several options to creditors trying to hold debtors accountable. In cases where one party falls behind on a payment arrangement or avoids communicating with a creditor, a lawsuit may be necessary. If creditors can convince the courts that...
Businesses attempting to collect on debts often have more options when a debtor is a business rather than an individual. There are multiple ways to hold another company responsible for unmet financial obligations. In some cases where leadership at an organization has...
There are several different ways to collect on a debt when the party who owes money isn't cooperative. In some cases, creditors can take debtors to court and can secure a judgment against them. With a judgment, it may be possible to intercept a portion of an...
Businesses trying to collect valid debts often have an uphill struggle. Those who intend to fulfill their financial responsibilities usually do so with minimal oversight. On the other hand, those trying to avoid their financial responsibilities can take extreme...
Consumers who owe others money are often eager to get their accounts back into good standing. They want to avoid or at least limit the credit consequences of their debt and prevent lawsuits brought by creditors. However, there are always a few bad apples willing to...
Creditors trying to collect on a debt generally try to pursue amicable solutions whenever possible. Negotiating payment arrangements and cooperating with those who have fallen behind on their obligations is often preferable to aggressive collection efforts....
Debt collection can be a challenging and lengthy process, especially when a debtor resorts to hiding assets to avoid repayment. In many cases, debtors may attempt to shield their wealth by transferring assets to family members, moving money offshore or even...