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
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
Your business may have unpaid debts from many different sources, including consumers and businesses of all sizes and structures.1 The approach to successfully collecting a debt should vary depending on who the debtor may be. Debts owed by small business owners may especially require a particular approach to both receive payment and… Continued
If another company owes your company money, chances are you want to collect on that debt as soon as possible while still preserving the business relationship whenever possible. While some debt collectors are unnecessarily aggressive, the collection process does not have to involve harassment and such aggressive threats of litigation.1 In fact,… 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[1] order requiring a person to pay back debts that they court has deemed valid. Unfortunately for creditors, this is where the court’s involvement in the… Continued