What happens if a business that owes you money informs you that it’s insolvent or an insolvency order is issued by the court? What does that mean for your ability to collect what it owes you? First, it’s important to know what insolvency means and to understand the...
Your business depends on a steady flow of cash, and when another company delays payment or defaults on the credit extended to them, it compromises the bottom line of your own business. As such, Florida business owners sometimes must explore their collection options...
As technology and options for streaming evolve, cable providers continue to find themselves dealing with the issue of digital piracy. Pirates who illegally distribute copyrighted content are tech-savvy, which may make people wonder if there is any way to stop them....
Companies often find themselves in a challenging position when attempting to recover outstanding debts. However, a strategy known as the "777 Rule" can help businesses collect debt effectively while maintaining strong customer relationships. The 777 Rule is a debt...
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...