You’ve worked hard to build your business, and you understandably don’t want to think about facing bankruptcy. However, in the world of Texas business, it’s wise to be prepared for anything. When you know how to spot the warning signs of impending bankruptcy — and what to do when you… Continued
In some cases, demand letters or negotiations can result in satisfactory payment or settlement of business-to-business debts. However, under certain circumstances, filing a debt collection lawsuit against the debtor in civil court may be necessary. If such litigation is necessary, you need to be sure you have a qualified B2B… Continued
If someone has an unpaid debt to your business and files for bankruptcy, it can be challenging to know how to proceed to ensure you obtain as much money as possible on the debt. The best course of action is to consult with a lawyer who understands how business collections… Continued
Your business may have unpaid debts from many different sources, including consumers and businesses of all sizes and structures. The approach to successfully collecting a debt should vary depending on who the debtor may be. Debts owed by small business owners may especially require a particular approach to both receive… Continued
Debt collection can be difficult and delicate, especially when dealing with businesses. Unpaid invoices and outstanding debts can disrupt your cash flow and affect your financial stability. However, it’s crucial to approach debt collection legally and professionally to avoid potential conflicts and legal issues. In this guide, we’ll walk you… Continued
When customers fail to pay their bills or debts to businesses, these businesses have the right to pursue the money owed to them. Various tools and remedies are available to business owners to recover their payments. The most appropriate one to choose depends heavily on the circumstances of the debt… Continued
If you’ve run out of patience with a business that owes you money, you may think, “When should I hire a debt collector?” If it’s another business that’s putting off paying what it owes, you should hire a law firm that collects debts — the Weisblatt Law Firm — instead… Continued
Cash is one of the life forces of small businesses. Without it, or with insufficient cash reserves, small businesses find themselves in precarious commercial situations, unable to absorb major — or sometimes even minor — blows to their finances. For this reason alone, small businesses should always maintain an appropriate… Continued
Running a small business is a dynamic journey marked by highs and lows, triumphs and challenges. Yet, when financial storms gather on the horizon, entrepreneurs often find themselves at a pivotal crossroads, contemplating a decision that can redefine the course of their business – i.e., whether to file for bankruptcy…. Continued
If you are the owner of a small business, the realization that you are investing more time and energy in the collection of outstanding debts than operating your company can be a disturbing discovery. Although many business owners decide this misallocation of time justifies retaining outside assistance to improve loss… Continued