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
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
Assisting Our Clients as They Collect on Debts Owed by Other Businesses To succeed, every company must carefully balance its costs with revenue. However, when you look at your profit and loss statement, you may notice that some losses are not attributable to regular operational expenses but to money owed… Continued
Business debt is part and parcel of commercial sectors throughout the country and the world. It often causes no problems — issues seem to arise only in the collection of said debt. Fortunately, an attorney can help businesses recover what is owed using various methods, including filing liens on real… Continued
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
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