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Should my Small Business file for Bankruptcy?

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

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Saving Small Businesses: Business Organization That Can Save Your Assets

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

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Should I Collect a Debt from a Bankrupt Customer?

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

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My Business Is Owed a Debt: What Are My Rights as a Creditor?

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

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What are my chances of successfully collecting debt from a bankrupt customer?

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

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Saving Small Businesses: Keep Your Cash!

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

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Basics to Enforcing Business Debt Judgments

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

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How to Respond to Red Flags That Suggest Future Collection Issues

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

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Why Commercial Collections Attorneys Can Be a Better Option Than a Collection Agency

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

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Tactics Employed by Business Debtors When Facing a Debt Collection Lawsuit

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

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