When you win an Ohio court case against someone who owes you a debt, you may expect the money owed to you to arrive in a timely manner. However, just because a judge or jury orders a judgment against someone does not mean it is going to be easy to collect the debt...
Creditors’ Rights
What is a validation letter?
Debt collectors have rights and responsibilities when it comes to collecting on their debts. It is crucial for these people to follow guidelines set by the government. Failure to follow said guidelines can result in serious penalties, like enormous fines or even time...
Foreclosing on a home to satisfy unpaid debts
When someone in Ohio owes you a debt but refuses to pay it, you have options when it comes to how you might go about trying to recover what the non-paying party owes you. Depending on the circumstances, you may try to utilize traditional debt collection tactics – or...
How wage garnishment helps creditors collect on their debts
When a client, customer or patient neglects to pay you for services your Ohio business rendered, you may try sending reminders or making phone calls to the nonpaying party before taking further action. Sometimes, you may have no choice but to take additional measures...
Creditors’ rights in bankruptcy
Bankruptcy allows people with significant debt to pay, settle and discard various claims. Debtors who file for bankruptcy must pay certain creditors and may have to liquidate assets. If you are a creditor, you should know your rights if someone who owes you files for...
What does a collection agency do for your business?
You rely on your clients to pay their monthly bills if you offer credit cards, loans or other types of financing for products or services. When clients fall behind on their bills or have outstanding balances, you have a right to the debt. Sometimes, businesses may use...
What constitutes proof of debt for your insolvent customers?
Few things are more irritating than performing a service for customers or selling goods to ones who refuse to pay. After all, you did your part and expect your customers to do theirs. Still, even if they have little or no beef with you, some of your customers are slow...
What do you do when your clients will not pay?
Every business owner deserves payment for the goods and services that they provide. Businesses are not charities, and there is no reasonable expectation that you will do work for free. Having collection systems in place from the beginning of your business, and...
Follow the laws when attempting to collect medical debts
One of the most common debts that consumers have is medical debt. No insurance, high deductibles and uncovered services all contribute to one's medical bills. As a medical professional, you deserve to collect on bills that others owe. However, there are laws in place...
What is the 341(a) meeting of creditors?
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)...