When creditors need to collect money from people, one option that they may choose is wage garnishment. If they pursue this action, people need to understand the wage garnishment process. According to FindLaw, wage garnishment allows creditors to receive money from a...
Month: February 2021
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Best practices for collecting debt in Ohio
If you are owed for delinquent accounts receivable, issues with unpaid invoices or other unpaid obligations, your business must follow state and federal guidelines for collection. Failure to do so limits your ability to collect on the past-due payments and may also...
What is an involuntary bankruptcy proceeding?
As a creditor, you often face a difficult uphill battle when it comes to seizing the assets of a debtor. You may have to go through litigation first to prosecute the debtor's claims. This alone costs a lot of time and money. You then need to locate the debtor's assets...