You followed the right process. You filed suit, built a strong case, and received a court judgment in your favor. You move forward to collect the debt only to find out that the debtor entity cannot make payment. Something does not add up. Upon further digging you...
If you were involved in a commercial collections claim and the court decides against you and issues a judgment and you do not intend to appeal, it is generally best to pay the judgment as soon as possible. If you do, under California law, you will not have to pay...
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....
Most businesses do not want a delinquent commercial account on their record, nor do they yearn to file a lawsuit to collect money. It is critical, however, that commercial debt collection be handled efficiently and with speed to ensure that a business does not suffer...
If you're trying to collect on a commercial debt, you may wonder what happens if you're unable to recover what is owed to you. How you'll handle the situation largely depends on the facts involved. Read on for some suggestions on what you may want to consider doing....
When accounts go past due, your business suffers. If you are considering bringing in a commercial collections lawyer to help you recover money owed to you, you're probably curious about the methods that can be used for commercial debt collection. In this post, you...
In California, a creditor can pursue a prejudgment attachment against a natural person if their claim is 1) commercial, and 2) based on a contract. If a creditor is concerned that their debtor may try to hide assets to avoid paying out on a debt, a prejudgment...
It's not uncommon for a business to provide goods or services to a customer and not be paid for those goods / services. Indeed, there are some people who just don't think that they should have to pay. Is your only option getting a judgment? Is there another option...
A client enters into a contract with another business for goods or services and it seems straight forward enough. But alas, as sometimes happens, the deal goes sideways and payment is not made. The client makes the business decision to file suit for damages. They hire...
