When it comes to commercial collections, there’s one main rule that you should follow: Do it now. Don’t wait to collect on past due accounts. Here’s why. Older Accounts Are Harder to Collect Generally speaking, the longer that an account is past due, the harder it is...
With the business environment’s continuous and improved use of technology to save time and money, you may be wondering whether you should use debt collection software for your commercial collections. While good debt collection software certainly has its place in the...
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...
My late brother and I founded and had a successful boutique entertainment firm for over 20 years. We were blessed during that time to represent some very prominent musical acts. Unfortunately, soon after we acquired one from their prior law firm, they decided to break...
Many of us have encountered deepfakes in one form or another. My first encounter was pre-COVID, when I spoke on a panel about its burgeoning presence. Back then, as well as during COVID, people were experimenting with primitive AI to create deepfakes of talent and...