Collections
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Receiverships: Not Just for Lenders
Receiverships: Not Just for Lenders
A receivership is an invaluable tool for managing, accounting for, marshaling, and preserving assets of whatever nature or kind. Although most often utilized by lenders, a receiver can be beneficial in any number of situations, including business disputes, partner disputes, and divorce proceedings. The limits of a receivership are as broad or as narrow as the parties’ desire.
Receiverships are an equitable … Read More
Categories: Business & Corporate, Collections, Article
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Why Bother Recording Your Judgement?
Why Bother Recording Your Judgement?
For years, one of the easiest ways to be paid on your judgment was to record your judgment with the County Recorder. By recording your judgment, it would become a lien against any real property owned in the county by your judgment debtor. Whenever the judgment debtor sold or refinanced their house, you would receive a call from the title company wanting to know how much it would cost for you to release your … Read More
Categories: Bankruptcy, Collections, Real Estate
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Tips For Collecting What You Are Owed
Tips For Collecting What You Are Owed
1. Make sure you have what you need from the start
Take advantage of all information needed to collect at the time the loan is made / the services are provided etc. The borrower or customer wants/needs your money/services at the beginning phase and will be cooperative at this point. Information to obtain at this time includes social security numbers, place of employment, home & business … Read More
Categories: Bankruptcy, Collections, Article
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The Civilized Way To Collect Debt
The Civilized Way To Collect Debt
Collecting past-due balances is one of the most agonizing tasks in business. In many large companies, the accounts-receivable department or credit manager handles collections. If your company is small, you might handle collections yourself. But whether your company is big or small or in between, you'll want to collect debts diplomatically and tactfully to preserve your good reputation.
Guidelines
The Fair Debt … Read More
Categories: Collections, Article