Getting paid on time should be simple, but even a strong claim can lose traction if you make the wrong moves early on. Here’s where creditors often slow their own progress and what you can do differently. Failing to document the debt clearly Debt collection gets...
For some, cable piracy seems like a victimless crime. People try to justify their illegal actions by complaining about the high price of cable television or that service providers are already wealthy and can afford the loss. In reality, cable piracy is a significant...
Collecting on a judgment can be one of the most challenging parts of the legal process. Even after a court rules in your favor, actually receiving the money owed to you can require additional steps. One of the most effective tools for collecting unpaid debts is a bank...
There are numerous options for businesses attempting to collect on past-due debts. In scenarios where debtors do not voluntarily pay what they owe in full and on time, businesses may need to take legal action to collect. Many of the best-known remedies offered by the...
Collecting debts is sometimes as easy as giving the debtor a gentle reminder that they have a balance due. In other cases, this is a more complex undertaking because some debtors may try to avoid their creditors. This can be due to an unwillingness or inability to...
Creditors often face an uphill battle when they’re trying to collect on a debt. Even if they have a judgement, there isn’t any guarantee that they will receive what the court ordered. It may behoove creditors to think of the judgement as a legal finding that the debt...
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...