The business world would be close to perfect if accounts never went past due. Unfortunately, every business that provides goods or services for other businesses will eventually face unpaid accounts. Why should businesses care about commercial collections instead of...
Debt collection is vital to maintaining cash flow in business and personal finance. While recovering unpaid debts may seem similar on the surface, there are significant differences between commercial and consumer collections. Understanding these differences is crucial...
Collecting a judgment can be one of the more difficult and frustrating parts of a commercial collections case. We have found the following to be highly, effective ways to enforce a Judgment in California: Levy a bank account including a safe deposit box; Levy a...
For California creditors, enforcing a judgment is largely a procedural task. When a judgment is entered by the court, California law gives the creditor certain procedural powers that can be used not only against the debtor, but also against people and entities...
Once a creditor files a lawsuit and is awarded a judgment by the court, the creditor has several options to satisfy its debt. You can garnish wages or levy a bank account. You can also obtain a judgment lien and place it on real property such as a house or even...
California's Uniform Voidable Transactions Act (UVTA) is a vital piece of legislation that serves to protect the rights of both creditors and debtors in the context of asset transfers. Replacing the previous Uniform Fraudulent Transfer Act (UFTA), the UVTA introduces...
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...