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Working Quickly And Aggressively To Collect Your Debts
As a business owner, you should know that there is a statute of limitations on debt collection. It can last anywhere from three to 15 years, depending on the state, which can make it hard for you to collect if the debtor continues to ignore your attempts. Federal laws...
Many companies take on debt to grow their businesses, and one tactic is borrowing funds from their shareholders. The issuance of debt works a bit differently from other financial instruments. How issuance of debt works Debt issuance isn't new. Most people are...
When your business lends money to someone or extends credit to individuals for purchases or services, there is always the risk that someone won't repay what they owe you. Hiring an outside collection firm can seem like an expensive solution, so you might feel like...
Some people don't repay their debts because they can't, and others don't make payments because they have other priorities. Individuals with income or bank accounts who don't pay their debts can frustrate businesses that they owe money to. They may actively try to...
Most everyone has heard of limited liability companies (LLC). In recent years, these have grown popular as business incorporation structures for companies aiming to minimize their legal liability. What many don't realize, though, is how there's not just one type of...
Collecting an unpaid debt can be one of the hardest parts of running a business. When an individual owes your company money but refuses to pay, you may feel like you have few options even though you know the law is on your side. Instead of selling your debt to some...
If you are struggling to collect on past-due accounts, you may be seeking the services of a debt collector. Choosing the wrong collection agent or agency could leave you stranded, however, still searching for solutions while taking on the cost of hiring a firm. The...
Collecting on a judgment in Florida for someone who lives in the state is easier than some other cases. However, there is a potential that the debtor will not willingly pay even after the judgment is finalized. If you receive a court-ordered judgment, you can file a...
Some people will go to incredible lengths to avoid making payments on legitimate debts, especially if they have judgments against them or have had their wages garnished due to a court order. People will quit good-paying, stable jobs just because they want to end a...
When a person owes your business an outstanding debt, collecting that money in a timely manner is very important. You may make payment arrangements if they can't pay the debt in full at one time. However, sometimes situations arise where an individual isn't capable of...
