Extending credit to your customers is an important part of growing your company and creating customer loyalty. However, failing to collect on debts in a timely manner can open your business up to financial risk and result in lost income. As a business owner, you...
Firm News
Can you garnish a debtor’s wages in Ohio?
As a small business owner, every last dollar counts, and when a previous customer fails to satisfy an old debt, you may wonder to what extent you can go to recover the past due amount. Can you ask the courts to garnish the customer’s wages? According to Nolo, you can...
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...
When debt becomes “time-barred” in Ohio
With credit so easily available to most Ohio consumers, it is easy for debt to quickly spiral out of control and become unmanageable. When this happens, there are several courses of action borrowers take. One common response to oppressive debt is to simply ignore it....
Does offering prizes increase debt payment compliance?
Credit card debt is a major burden for millions of Americans. It is also a burden upon creditors. Many creditors go to great lengths to encourage debtors to stick to payment plans. A recent study focused on whether or not offering prize-linked incentives could help...
What is Medicaid estate recovery and how might it affect you?
If you receive Medicaid benefits, you need to know that the State of Ohio may well seek reimbursement for these benefits from your estate after you die. Under Rule 5160:1-2-07 of the Ohio Administrative Code, the Ohio Department of Medicaid can file a claim against...
Strategies for protecting your rights before extending credit
Federal and state laws protect both creditors and debtors. Creditors need to familiarize themselves with debtor protections that may make it difficult to recover an unpaid debt. Once a debt becomes delinquent, it can be difficult and expensive to recover it. Taking...
Finding a debtor’s location
If you are attempting to collect a debt, it is pivotal to understand your rights and your responsibilities. Sometimes, people fail to approach debt collection from the right angle, which can lead to serious penalties. There are different issues to consider if you are...
How can you avoid harassment when collecting unpaid dues?
It is within your rights to contact customers who have neglected their payments. However, your methods must take an ethical approach and comply with federal standards. Using harassment to coerce your customers to pay their dues can have costly legal consequences. In...