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...
Parties who are owed commercial (business) debt have several judicial tools that can be used both before bringing a lawsuit and after winning a lawsuit over the debt. A party seeking to collect money owed but not yet paid from a commercial business may choose to...
Commercial debt collection refers to debts that one business owes to another. Often, this is a debt for a good or service that the purchaser never pays to the supplier. Business owners in Los Angeles are often focused on receiving prompt payment to avoid having to...
The commercial collection of secured property is an effort to collect secured property that is at the heart of a commercial debt. The property may be the originating factor of the debt (such as a commercial vehicle) or it may be collateral used to secure a debt (such...
The commercial collection of secured debts involves collecting the collateral of a business that has defaulted on an agreement to pay for services or to pay back a loan. As a secured creditor, you have specific rights that enable you to collect the secured debt. Read...
It can be hard to collect on past due accounts, especially when you're dealing with the collection of unsecured property. Fortunately, creditors do have rights (as the right commercial collections attorney can attest)! However, it is important for you to remember that...
Unsecured property is something that a debtor makes payments on, but there's no collateral that secures the loan. This means that if the debtor stops paying, the creditor has nothing that they will receive as payment. What are your options for the commercial...
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....