Collection

When someone stops paying their loan, business owners have legal options to get back what is owed. For businesses that lend or lease property with the expectation of payment later on, one option available is replevin. Replevin is a legal action that helps recover the...

A subprime borrower is someone who has a credit score that is under 670. These buyers often still qualify for car loans. However, recent reports show that the number of defaults on these loans has been increasing in the last few years. When looking at those who are at...

Every business depends on steady cash flow to stay competitive and grow. Nevertheless, some common practices can expose companies to a higher chance of customer nonpayment.  By identifying these risky habits and addressing them early, owners and managers can help...

A lack of payment in a contractual situation can have a significant negative impact on your business. Say that your company is a parts and materials supplier for manufacturers in the area. If you deliver a shipment and are never paid by the manufacturer, you may need...

Many companies market their goods or services directly to consumers. However, a significant portion of modern organizations specifically do business with other companies, rather than the general public. Business-to-business operations can be lucrative, provided that...

Creditors and lenders attempting to collect on debts have many options available to them. Written communications, phone calls and even legal action can help compel a debtor to fulfill their financial obligations. In some cases, debtors attempt to seek legal protection...

Collecting a debt from a business is different than collecting a debt from an individual. Different rules apply, making different collection tactics necessary. Frequently, the debt collection laws most people know apply to debtors who are people, not companies....

Unpaid invoices can cause a lot of stress. While some clients are simply disorganized or going through a rough patch, others may be planning to avoid paying you from the start.  Recognizing warning signs before problems escalate can help you avoid wasted time and...

Replevin is a legal tool that allows a business to recover property that is wrongfully being held by another party. For companies that lease, lend or sell goods with the expectation of payment or return, replevin can be a powerful way to assert their rights without...

There are many benefits associated with living in a condominium. Homeowners have fewer maintenance obligations because the condo association manages shared spaces and certain building infrastructure. The owners of condominiums may have access to several amenities,...