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
Many statistics indicate that the vast majority of judgments issued by courts in regard to outstanding debts are never collected. Essentially, a judgment is a court order requiring a person to pay back debts that the court has deemed valid. Unfortunately for creditors, this is where the court’s involvement in… Continued
Many businesses contract with other companies in order to provide and secure certain goods and services. As is the case with any type of business dealing, business-to-business (B2B) transactions sometimes go unpaid or unfulfilled. When this occurs, one business generally will have a debt to the other business that is… Continued
Of all the challenges that businesses must face, preference claims can be one of the most unexpected as well as devastating. What is a preference claim? It is a claim made during bankruptcy on a payment that occurred within a certain amount of time before the bankruptcy. It involves the… Continued
Collecting business debt is not the most glamorous aspect of owning a business. However, it is a necessary action in the business world, and various tools are available to help in the process. One of them is the writ of execution. However, before a writ of execution can be obtained,… Continued
What is the FDCPA? The Fair Debt Collection Practices Act is a federal law that dictates how debt collectors and creditors must go about collecting debt. Collectors and creditors who violate the provisions can be sued for damages. However, the FDCPA does not apply to all types of debt; certain… Continued