Collecting debt from a business can be tricky and sometimes stressful, but it's necessary to maintain your business's financial health. Understanding how to approach this delicate situation can help you get what you're owed without damaging professional relationships....
Florida state law provides multiple options for creditors that are not receiving the repayment that they require from debtors or borrowers. In certain cases, creditors can go to court to pursue a judgment and then enforce that judgment by obtaining a garnishment of...
When businesses that are owed money attempt to collect on their debts, they can sometimes be hindered in their efforts by borrowers who actively do what they can to keep from being held accountable for their repayment obligations. Many simply ignore repeated requests...
If you run a business, you understand the importance of receiving prompt payment for goods and services. After all, you have expenses you need to pay for, such as inventory and payroll. A debtor’s refusal to pay puts you in a difficult position, and you may not be...
Those who operate successful companies in Florida understand that many elements must function in harmony to ensure survival and profitability. One such element is the generation of revenue through sales of services and goods. You may be planning a debt collection...
While non-profit organizations and charities are appreciative of every donation they receive, many rely on the pledges of wealthy individuals and businesses to fund their projects – for example, new buildings. They often depend on regular monthly or annual gifts to...
You’re not asking for anything you aren’t fairly due, but your debtor seems to be suddenly bereft of any funds and they’re claiming insolvency. Should you suspect a fraudulent transfer? Possibly. Understanding more about what constitutes a fraudulent transfer can help...
Calls, letters, emails - all going unanswered. Does this sound like a familiar situation when you’re trying to get in touch with that business that owes you money? If you’ve been chasing for some time now trying to reach a solution without success, you’re probably...
Customers who don’t pay their bills or who are chronically late cost business owners money and also valuable time and resources (which also equals money) trying to collect what is owed them. Handing over an account for collections is among your last resorts. There are...
Wage garnishments are a way that the government or – in some cases – lenders and other creditors can retain the money that they are owed. That money is taken from the worker’s paycheck. The garnishment is the percentage that has been deducted. A court will not order...