As a business owner, you can expand your customer base and increase your sales by extending credit. Particularly if you are catering to other companies, your customers may make large purchases that require financing. Unfortunately, extending credit is not without its...
Month: October 2021
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What does it mean to cure a default?
After a debtor fails to pay you what they owe, Ohio law states you have the right to repossess the property you lent them as soon as the default. Though you probably know that is easier said than done. There are a lot of logistics to collecting any property. Once you...
How mechanic’s liens work in Ohio
When you make your living as a contractor, subcontractor or laborer in Ohio, you have certain protections and remedies available to you if someone neglects to pay you for construction work you perform. A mechanic’s lien is a tool that gives you a means through which...