As a creditor, one tactic that you may use to seek payment for outstanding debts is known as wage garnishment. The big advantage of garnishing someone’s wages is that their employer sets the money aside before paying that individual. If you have a court order setting...
For a business owner, unpaid invoices can be very frustrating. Not only that, but a few unpaid invoices can put the business at financial risk. While you can never be certain, there are some early warning signs that a client may be swerving your invoice. Here are...
Debt collection is a critical part of maintaining a healthy cash flow, but it must be done ethically and effectively. Poor collection practices can harm customer relationships and lead to legal issues. A well-structured approach prioritizes communication, compliance...
Most business owners know that having open collections with people who won’t pay willingly is largely a part of doing business. Even though they expect it, dealing with these collection accounts can be challenging. Some businesses recognize that they can’t wait any...
In some cases, when a person owes money to a creditor or collection agency, a judgment may be issued against them in a different jurisdiction. This could involve another part of the United States or even a foreign country. For instance, if an international business...
It is incredibly frustrating when someone won’t pay you the money they owe. It seems you spend a great deal of time collecting on debt. Sometimes it feels as if the debtor has significant legal protections in place, while you have very little. However, there are some...
You have every legal right to collect what is owed to you, but do you know what options are available? Florida offers legal remedies to collect from your debtors and recover the money owed to you. Here are some to consider. Filing a lawsuit Creditors can begin the...
Learning that a person or business that owes you money has filed for bankruptcy is certainly not good news. However, that filing doesn’t necessarily end your chances of getting at least some of what they owe you. Anywhere from about three weeks to two months after a...
When your business provides goods and services to a client, you expect to be paid for them. This is most likely what was agreed in the initial contract. Once you have completed your end of the agreement, you can send an invoice out as a reminder of payment. For the...
Trying to get people to pay the money they owe you can be one of the most frustrating parts of running a business. To make matters even more complicated, you need to be very careful how you go about trying to persuade them to pay up. There are considerable laws to...