In some cases, creditors find it difficult to collect, even after repeatedly contacting debtors. It’s not a situation where there has just been a miscommunication or where the person has forgotten to pay their financial obligations. They are aware that they need to...
There are multiple ways for creditors to hold debtors accountable. In some cases, direct collection activities, including phone calls and letters, can inspire people to establish payment arrangements. Other times, people insist they cannot fulfill their financial...
When a business owes money, creditors sometimes worry that the company will simply close its doors and disappear. In Florida, it's not uncommon for struggling businesses to shut down. Can they legally do this to avoid paying what they owe? Is this a common practice?...
Debtors sometimes claim they can’t pay their debts, simply because they don’t want to have to make adjustments to their current lifestyle. In some cases, they may hide assets in an attempt to avoid having to liquidate those to satisfy the debts. When assets are...
Businesses often look for ways to recover property that’s been wrongfully taken or kept. This is often the case for companies that lease items, provide property on contracts or sell items on credit. One option they may use is replevin, which is a legal tool that can...
Chasing down unpaid commercial debts can feel like an uphill battle. Businesses owe you money, but getting them to pay isn’t always straightforward. Delays, disputes and stalling tactics are all too common in the commercial world. Fortunately, there are proven...
Debtors sometimes don’t want to have to pay their debts, but this doesn’t mean that the creditors have to deal with the refusal without taking action. It’s sometimes possible for creditors to take legal action against the debtor, but this requires them to have a good...
As a creditor, winning a judgment against a debtor might feel like the finish line, but it’s just the beginning. Successfully suing someone for a debt only gives you a legal document that says you’re owed money. The next step is getting paid by collecting what you’re...
In some cases, when commercial borrowers fail to pay back their financial obligations, it could be because the business is experiencing cash flow issues. This doesn’t necessarily mean the company isn’t making any money, but there’s some level of issue with the...
Recovering payment for overdue debts from debtors often takes some convincing. Threatening debtors with legal battles, garnishment or liens may make it harder for debt collectors to collect owed money in the long run. While these collection methods may be legal, debt...