You’re not asking for anything you aren’t fairly due, but your debtor seems to be suddenly bereft of any funds and they’re claiming insolvency. Should you suspect a fraudulent transfer? Possibly. Understanding more about what constitutes a fraudulent transfer can help...
Calls, letters, emails - all going unanswered. Does this sound like a familiar situation when you’re trying to get in touch with that business that owes you money? If you’ve been chasing for some time now trying to reach a solution without success, you’re probably...
Customers who don’t pay their bills or who are chronically late cost business owners money and also valuable time and resources (which also equals money) trying to collect what is owed them. Handing over an account for collections is among your last resorts. There are...
Wage garnishments are a way that the government or – in some cases – lenders and other creditors can retain the money that they are owed. That money is taken from the worker’s paycheck. The garnishment is the percentage that has been deducted. A court will not order...
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...