Managing unpaid debts can be a challenging aspect of business or personal finances. While collecting what is owed to you is important, it's equally vital to maintain ethical practices and adhere to the law. Finding effective and lawful ways to motivate debtors to pay...
As a creditor, finding out that your debtor wants to file for bankruptcy in Florida can be discouraging. You may not know your rights as the creditor or even how best to navigate this process. However, it's crucial for you to know your options and how you can...
Debt collection can be challenging when the debtor is not cooperating. The creditor-debtor relationship is successful when there is reliable communication and both parties observe their obligations. What happens when a debtor who caused you problems in the past...
When an individual is in debt, they will do pretty much everything to keep the creditor away. They may even begin contemplating the worst-case scenario – filing lawsuits to keep the creditor at bay. And sometimes, they might just sit back and buy time. While simply...
As a contractor or supplier, there's nothing more frustrating than completing a job or delivering goods and not receiving payment. It can leave you in a tough financial situation and cause unnecessary stress. Thankfully, there's a solution that can help you get paid -...
If you are in the secured credit and equipment leasing business, you have likely encountered debt default, where the debtor or lessee retains the collateral in question. While the debt is secured by the collateral, you will still often face the same question: how...
When you obtain a judgment against a debtor in a state other than Florida, you may wonder how to enforce that judgment in Florida. In such situations, you must take the necessary steps to ensure that the out-of-state judgment is enforceable in Florida. This process is...
Business owners know the frustration and financial problems that can stem from waiting for payment of monies you’re owed. When you’ve been chasing for some time, but the money just isn’t coming, what should you do next? A writ of garnishment is one option you have...
Debt is either unsecured or secured. Unsecured debt, like student loans, personal loans and credit cards have no collateral, which is often why they have high-interest rates. Secured debts, like real estate or car loans, have collateral, which may be in the form of a...
Many individuals dream of running their own businesses but often fail to anticipate the challenges. For the most part, your company runs smoothly and customers are satisfied with the services offered. This means that they are happy to pay promptly. Nonetheless, there...