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March 2019 Archives

Debt collection and fraud

For debt collectors, recovering assets can be challenging in many different ways. However, there are times when it can be especially difficult to recover debts, such as instances where a debtor intentionally does everything they can to evade debt collection through fraudulent activity. For many debt collectors in Florida, this is a reality that is all too common, and a number of roadblocks may emerge when fraudulent behavior is present. However, it is extremely important for creditors to recover what they are owed and for fraudulent debtors to be held responsible for their actions.

Options for collecting debt before going to court

For your Chicago business, the collection of debts is crucial to the financial health of your company. It is important to secure what customers and clients owe you, and it is helpful to know how to do this in ways that are as simple and effective as possible. Creditors have certain rights, and there are options for debt collection that may benefit your company. 

Involuntary bankruptcy basics

The popular opinion that many in West Palm Beach may assign to bankruptcy is that it is simply a way for individuals or businesses to avoid having to their debts. While many of those who seek bankruptcy protection are legitimately in a position where they cannot afford to meet their liabilities, the concern of creditors that debtors might purposefully be avoiding paying them may be legitimate. Knowing this, the federal government has structured the bankruptcy code in such a way as to prevent the privileges of bankruptcy from being abused. This includes allowing creditors to force debtors into involuntary bankruptcy

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CreditorCollections, A Law Firm

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