Many businesses do not realize the unfortunate reality that debtors have tools to keep at least some of their assets protected from collections. Many debtors, especially high-profile companies and individuals with high net worth, often rely on an approach called asset...
If you're owed money by a debtor and you obtain a judgment against the debtor, your work isn't over just yet. You now must take the necessary steps to enforce the judgment so that you can collect the money that's owed to you. Here are 5 things you need to know about...
You've gone to court and secured a judgment against the debtor. Now what? Now you must enforce the judgment. Debtors don't necessarily pay just because a judgment is issued against them. An aggressive commercial collections lawyer can help you with enforcement of...
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....
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...
Prejudgment relief is also known as prejudgment remedies. It provides an opportunity for creditors to get paid on a past due account before a judgment is granted by the court. Prejudgment relief must be applied for to the court, and we can do it for you. A skilled...
5 Strategies to Help You Build a Better Commercial Collections Process Commercial collections can be stressful for any business owner, whether you run a small mom and pop business or a multinational corporation. With that in mind, here are some effective and simple...
Although a past due commercial account will have its own associated facts that may cause you to create a specific commercial collections plan for it, it is helpful for business owners to understand the collections process. Keep in mind that throughout the entire...
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...
