Business Owners Need a Plan for Collecting Unpaid Debt To stay in business, you need to get paid for the services or goods you provide. However, it is inevitable that you will encounter customers who are habitually late with payments or fail to make them at all. To avoid having… 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, instead of using a typical debt collector, you should hire a law firm that collects debts,… Continued
Now that the initial onslaught of COVID-19 is stabilizing, businesses in Texas may resume debt collection activities, with some caveats. On May 14, 2020, the Texas Supreme Court lifted a judicially imposed moratorium on certain debt collection activities that had been previously enacted because of the virus. The stay on… Continued
Collecting a debt from a business is a challenge that can keep you awake at night. You keep hoping to see that check in the mail or the digital payment, but nothing arrives. If this describes your situation, try not to get frustrated but focus instead on a solution. Here… Continued
A great many business owners own their business as a sole proprietorship. After all, it is the default form of business ownership if a person does not take any further steps to create a business entity other than setting up shop. But this is a dangerous practice with many pitfalls… 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
As a business owner, you certainly understand that being able to collect on your business debts is an essential part of your financial success. Whether you sell goods or services, you certainly didn’t go into business to give your products or time away for free. Of course, you also want… Continued
As a business owner, you need to have the money that is owed to you paid on time. The overall success of your business and your bottom line likely depend on being paid in a timely fashion. But what are the rules for collecting that money from your clients and… Continued
If you own a Houston business, you likely have other businesses that owe you money ranging from clients to suppliers. So how does your business make arrangements to collect that money? Whether you are a fledgling entrepreneur or have been in business for yourself for a number of years, many… Continued
If your business extends credit to its customers or allows the purchase of goods and services on account, you should be aware of your customers’ rights under the federal Fair Debt Collection Practices Act (FDCPA). The FDCPA requires that debt collectors treat debtors fairly, and prohibits certain methods of debt… Continued