What Kinds of Evidence can Help Validate a Business Debt?
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 often be legally enforceable.
Collecting business debts can be a complicated area, and many business owners are reluctant to engage in the types of collection activities that are most likely to obtain results. As a result, it is important for anyone who is attempting to collect on business debts to consult with a Houston B2B business collections attorney to determine what their legal options may be. A lawyer can often help businesses secure payment of their debts more quickly and efficiently than they would be able to on their own.
Debts often need to be validated
In some cases, a business may request payment from a debtor who concedes the validity of the debt and simply pays or makes alternate arrangements. In other cases, however, a debt can be challenged, either pursuant to federal law  requiring debt collectors to validate debts or in a court  proceeding. In these cases, creditors may be required to produce certain documents or other evidence that can establish the validity of a particular business debt. These may include the following;
· Signed contracts
· Cancelled checks
· Purchase orders
· Invoices related to the account in question
· Account statements
· Any written correspondence between the parties
Contact a Houston B2B debt collection lawyer today to schedule a consultation
Effective collection of business debts is essential for the success of any business venture. Fortunately for business owners who are experiencing difficulty obtaining payment, the assistance of an experienced attorney can often help induce reluctant debtors to pay. Houston B2B collections lawyer Andrew Weisblatt has been practicing law for over 20 years and is qualified to advise and represent individuals and businesses in a variety of matters related to business law and litigation. To schedule a consultation with Mr. Weisblatt, call our office today at 713-666-1981 or send us an email through our online contact form available here.