As a business owner, there are all sorts of aspects you have to manage on a daily basis. Among your most important roles lies in debt collection. Make sure debtors pay the full amount owed by taking these measures. This ensures the long-term health and success of your company. Continue reading How to Handle Difficult Debtors
For many people, dealing with financial issues can be hard. Instead of worrying and making your problems worse, you need to remain productive and do everything you can to get out of this financial rut. Continue reading Effectively Dealing with a Financial Crisis
If you are a creditor, you have likely dealt with a difficult debtor. Collecting money from them may be a rather complicated process. It doesn’t have to be a stressful scenario if you know what steps to take when these situations arise.
Chapter 7 bankruptcy is the process of liquidating assets to help pay back debts to creditors. If you are going through such a scenario, this process may seem scary, and you may not know what the future holds for you financially. Get through this tough financial situation by knowing several key details.
Money lending is always done in good faith, whether you’re the one loaning money or the one asking for a loan. Due to different circumstances, however, people often fail to make good on their loans, leading to debt. Before long, someone will be knocking on the debtor’s door, trying to make a collection.
If you find yourself either as a creditor or debtor, you’ll probably wonder whether your should approach a collection attorney or a collection agency.
Eight years after the economic collapse of 2008 precipitated a wave of bankruptcy filings, people still hold some very deep misconceptions about this legal process. In reality, many folks go bankrupt because of unexpected and unfortunate circumstances.
According to a study done by Harvard University, medical bills are the biggest cause of personal bankruptcies in the country, representing 62% of all filings. This is hardly surprising, as the cost of getting stitches at an emergency room can cost up to $2,000 in some hospitals.
Are you tired of having to constantly dodge calls from your creditor, constantly following up on when you’ll be able to pay back the loan you made? Or are you the one calling the slippery debtor who can’t seem to have the decency to at least respond to your queries regarding their loan? Continue reading Collection Attorney for Both Lender and Creditor