It’s common for businesses to acquire quite a bit of debt when first starting out. When businesses take on debt it’s referred to as commercial debt. If you’ve gotten behind on your business debt payments, you’ve likely received calls from debt collection agencies....
As one of the top commercial collections law firms in Los Angeles, we are constantly receiving phone calls and inquiries about our services. A common question we’re asked pertains to past due accounts – can they really affect your business? The short answer is yes,...
It happens to all businesses: the need to deal with past due accounts. Some of the commercial accounts may be small and you may not understand exactly how leveraging commercial collections can improve your bottom line. Of course, for past due commercial accounts that...
Preclusion. This complex issue deserves another blog post. As we have touched on, the two types of preclusion (claim and issue) have different requirements. Claim preclusion bars re-litigation of a claim altogether where a second suit involves: (1) the same cause of...
When you're trying to get businesses to pay what is owed to you, you have options. You could attempt to collect on commercial accounts on your own. You could hire a collections agency that specializes in commercial collections. You could opt to sell the debt. Finally,...
If you are like many business owners, there are probably many areas in your business that you would prefer to place your focus on before you even begin to think about commercial collections. Customer service, providing for clients, accounts receivable and payable, and...
The process of commercial collections is part of business. While it would be nice if all businesses paid their outstanding balances on time, it's unlikely and, at some point, you will need to get involved in the collections process. There are many reasons why an...
If you provide your services or goods to another business, you will, at some point, experience the stress and anxiety associated with past due accounts. It's something that all businesses experience. When businesses don't pay, you may choose to assert your legal...
Commercial collections can be a confusing process for a business owner. In this post, you're going to learn the answers to the 5 most frequently asked commercial collections questions. This post is not meant as legal advice. In fact, we aren't addressing any legal...
Past due accounts happen to every business. Commercial collections are no easier than consumer collections. When done incorrectly, it can ruin business relationships, damage the online reputation of your business, or cause your business to be the subject of a lawsuit....