As a creditor, you have a right to retrieve your money through various means. However, when a client files for bankruptcy, you must abide by the laws surrounding bankruptcy and your rights to repayment. When a client files for bankruptcy, he or she must have a 341(a)...
Month: May 2022
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Sending a validation letter as a debt collector
If you are trying to collect a debt, it is vital to understand your rights as well as your responsibilities. For example, you need to make sure that you abide by the Fair Debt Collection Practices Act, which includes a number of different guidelines regarding...
3 alternatives to litigation when addressing a contract dispute
From a failure to provide contracted goods, services or payment to issues with non-disclosure or non-compete compliance, business disputes are common across many different industries. In some cases, litigation may be necessary to recover damages related to contractual...