Compliance with the Dodd-Frank federal regulation of debt collections is crucial in ensuring that a business is following the letter of the law when pursuing accounts receivable. Debt collection practices enacted by those who are trying to collect a debt must follow the regulations outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act or risk…
Successful commercial debt collections can be the difference between succeeding in today’s competitive market, and your business succumbing to unpaid invoices. There are three commercial debt collection practices commonly used by debt collection attorneys that can help your business collect on past due debt and ensure your business’s financial security:
Court orders for payment of a debt can cause considerable financial distress. If you have a judgment against you, call the attorney who obtained the judgment to learn about your options for repayment. A creditor has the right to file a lawsuit against you if you fail to pay a debt. However, many debtors are…
Whether you are a fledgling entrepreneur or have been in business for yourself for a number of years, many reasons exist to hire a professional debt collection attorney to handle your past due accounts. The majority of those who own and operate their own business become familiar with the difficulties involved in small business debt…