In the business world, collecting commercial debts is an important part of ensuring your company’s financial stability and growth. However, it can sometimes strain relationships with clients or business partners if you do not handle these matters professionally....
Protecting Your Business
Commercial Collections
Is there a statute of limitations for commercial collections?
In the bustling landscape of commerce, small businesses in Los Angeles and throughout California often find themselves navigating the challenges of unpaid debts and overdue payments. When faced with the prospect of recovering funds, it is important to be aware of the...
Strategies for collecting overdue payments from clients
Managing finances is an important part of running a successful business, and collecting payments on time is a cornerstone of good financial health. However, you may find yourself facing the uncomfortable situation of having clients who delay or avoid paying their...
Hiring a collection agency vs. a commercial collections attorney
Unpaid customer debt is an unfortunate reality you face as a California business owner. If you are unsure who to turn to for help, consider this comparison between hiring a collection agency and a commercial collections attorney. Collection agency methods Hiring a...
Avoiding harassment when collecting past-due payments
According to the Small Business Association, as many as 82% of small businesses in the United States fail because of cash flow problems. Many of those cash flow problems come from customers not paying their bills. When payments become overdue, it is important to know...
3 major pitfalls of hiring a debt collection agency
As a business owner, you make your living by selling products or services to a wide variety of customers. In the course of conducting your business, it is likely that you will occasionally render service to customers who cannot pay up-front and therefore owe you a...
3 tips if a customer files for bankruptcy
It is not an uncommon problem. You go after a client, customer or vendor for payment, and they avoid or delay. Next thing you know they are filing for bankruptcy. Are you out of luck? Not necessarily. The following tips can help creditors improve their chance of...
What a prejudgment writ of attachment can do for your collections case
It can be frustrating to have to use the legal system to obtain what another party owes you. If you have resorted to filing a lawsuit to collect what you are owed, chances are that the other party is not being very cooperative. When the stakes are high and a...
Four commercial collection mistakes to avoid
Collecting on past-due accounts is not one of the most enjoyable aspects of running a business, but it is often a necessary one. You can make positive steps toward this goal (and avoid additional pitfalls) by steering clear of these common mistakes people often make...