If your company is constantly in the red and you are unable to pay your debts, you may be considering bankruptcy. As with any legal course of action, it is critical to consult with an experienced business attorney. Below are some suggestions if you are considering filing for bankruptcy. Bankruptcy:… Continued
If your business has been in the red for a while, and you cannot pay off your business debts, your creditors may start looking for money. They can do this by threatening legal action against you or your business. For these reasons and more, it is critical to consult with… Continued
Business owners have a difficult choice to make when a customer does not pay their bill. The matter is further complicated if that customer files bankruptcy. At that point, you have to decide if it is worth your time to go after them for the debt. In some cases, collecting… Continued
When a business’s customer fails to pay his or her debts, the business, as a creditor, has several available remedies to help collect the money from the customer, the debtor. “Self-Help” Remedies and Collection Agencies First, the creditor may simply contact the debtor directly and demand payment. If these… Continued
Attempting to recover a debt from a customer can be very challenging, and business owners have a difficult choice to make when a customer does not pay their bill: do you pursue the customer or not? What happens when the customer files bankruptcy? At that point, you have to decide… Continued
It can be difficult for small businesses to thrive during tough times when customers are few and far between. One of the best ways to make money is to NOT SPEND ANY OF IT! Here are a few tips for small businesses that want to reduce their monthly spend: Ask… Continued
While the process of obtaining a judgement through business litigation can be a daunting and futile ordeal without legal representation, most business owners are probably well aware that the hard part is enforcing a judgment. Once a settlement or trial results in a judgment, the court essentially has no further… Continued
Effective collection of delinquent accounts plays an indispensable role in the financial solvency of any business. The best approach to handling accounts receivable involves implement procedures and noting warning signs before vendors, suppliers, and others with whom you have business contracts become past due on their accounts. Although you might… 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
When you are focused on the successful operation of a company, there are many aspects of the business that must function smoothly to protect your profitability and survival. The revenue generated by delivery of your products and services to another business constitutes the lifeblood of many companies. Although you can… Continued