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...
Not all debtors pay up. Sometimes, the best option for you to try and get the money that is owed to you is to sue the debtor to obtain a judgment against them. So, what happens when you're ready to file a lawsuit? You'll Want to Hire a Commercial Collections Lawyer If...
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...
We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...
As a business owner, it may be tempting to act as your own debt collector for commercial (business) loans or outstanding debts. For example, suppose you advance funds to a certain vendor and the vendor delays paying you back for several months. You will likely send...
Some business owners quickly realize that informal methods to collect on outstanding accounts are generally not effective. At some point, especially with a sizeable debt, it makes sense to hire an experienced collections lawyer to represent the business owner in...
For many business owners, taking on debt is part of the cost of doing business, especially in the beginning. For example, businesses may find themselves putting business expenses on credit cards, borrowing money to purchase equipment and other assets, and / or using...
One of the challenges for many business owners is ensuring accounts receivable are current. If your clients or suppliers' accounts are past due, you may consider calling a firm to assist with commercial collections. Indeed, timing is often critical in debt collection...