Extending credit to your customers can help you meet sales targets and improve your operational revenue. But as a business owner, you do not always obtain these benefits because some customers do not provide repayment. According to Bankrate, most Americans hold an...
Creditors’ Rights
How do liens work when collecting a court judgment?
When someone in Ohio owes you money and does not pay you, you may need to resort to legal tactics to get the indebted party to pay up. If you take that party to court and win a judgment against him or her, there are a variety of options in terms of how you might go...
How creditors can collect when a consumer files for bankruptcy
When an individual in Ohio files for bankruptcy, it affects not only the debtor but also their creditors. It is essential for creditors to understand their rights during the bankruptcy process to protect their interests. Rights of creditors during bankruptcy Creditors...
How does non-wage garnishment work when someone owes you money?
When someone in Ohio owes you money, you may need to take extra steps if the indebted party appears reluctant to pay you. In some cases, you may have to take your case to court, and if you win in court, you become the creditor while the indebted party becomes the...
Legal and illegal actions when collecting on a debt
As a creditor trying to collect on a debt, it might seem that the deck is stacked against you. However, you still retain many legal advantages when seeking money from debtors for goods and services provided. You stand the best chance of success by leveraging your...
Collecting a debt payment from the estate of a debtor
Someone who owes you money may have died before you can collect on the debt. However, your claim on the unpaid amount does not die as well. Under Ohio law, there are procedures in place to help creditors claim their debts from the estate of a debtor. The process of...
Options for collecting a judgment in Ohio
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...
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...