Collection

When someone owes your business money and fails to pay, it can lead to severe financial hardships. Recovering the debt is essential, and wage garnishment can be a powerful tool in meeting this goal. In Florida, business owners can pursue wage garnishment to collect...

Most people who require the goods or services provided by a business pay for what they receive. However, some people attempt to defraud companies. They make payment arrangements, only to fall behind on their agreed-upon payments. They ignore collection calls and...

If you’ve learned that a creditor is “insolvent,” that is certainly a troubling (if not unexpected) development. They may simply announce that they’re insolvent or they may receive a court-issued insolvency order.  People often assume that if an individual or business...

Businesses owed money by individuals sometimes need to take legal action. When a debtor refuses to pay what they owe, a lawsuit can force them to be accountable financially. Successful debt litigation can lead to wage garnishments. The creditor can potentially...

If you run a medium to large-sized business, you know that outstanding debt can create a ripple effect that may impact your bottom line and company success. While any industry can encounter collection challenges, some face particularly tough hurdles in this area due...

When a customer or associate owes your business past-due debts, these losses can eventually begin to impact your operations. Taking the matter to court can lead to a judgment in your favor, but it does not guarantee the debtor will actually pay.  A process called...

If you offer financing options, such as business, auto or student loans, among others, to businesses or individuals, chances are you have dealt with different types of debtors. Some may be easy to work with, and others not. Here are three common types of debtors you...

When you provide goods or services on credit to others, you expect payment. After all, you need those monies to keep your lights on, along with other utilities, and pay your employees. Most customers make prompt payments and make a full repayment. But you have likely...

When a customer fails to pay an invoice, it can put a strain on your business's cash flow. While pursuing friendly reminders and attempting to negotiate a repayment plan are important first steps, there may come a time when considering stronger collection actions...

Student debt is a major issue in the United States. Most students cannot afford to pay for college on their own, as it could cost them over $100,000 just to go to a local school. As a general rule, the United States does not have tax-funded college options like the...