When a business owner is having trouble making loan payments even after adjusting business economics as much as possible, it may seem like foreclosure is the only option with bankruptcy not far behind.But savvy business owners know they can pursue one last option...
Creditor Defense
What collection options are open to creditors?
What can you do when a customer fails to pay his debts? There are two basic scenarios – go to the courts, or don’t go to the courts.There are several options if you choose to avoid court action. The most basic is to contact the debtor and work out a...
How to file an extension for state, federal taxes
As April 15 nears and you get your taxes ready for the IRS, you may find that in some cases, the new federal tax law doesn't jibe with state laws which makes filing state and federal taxes less than seamless.If you have trouble with your taxes, you may consider filing...
Americans continue to struggle under debt
A new poll finds that of all the people in the U.S. with debt, 65 percent say they don’t know when they’ll be out from under the debt. In that group, 25 percent say they’ll still have debt when they die.The survey, released in early 2019 by...
How to rebuild your credit after a divorce
In many marriages, one spouse usually handles the bills while the other earns money or takes care of the children. That’s why after a divorce, one spouse could be in for a surprise when it comes to their credit rating.Some newly divorced spouses consider...
How to get money back after debtor declares bankruptcy
If you run a successful company, you likely do business with people who have the misfortune of not being as successful as you. In some cases, that means that person owes you money and has declared bankruptcy.Does that mean you're out of luck when you try to recoup...
Creditors’ rights: options for getting paid
Your business works hard. You, as a creditor, deserve to be paid for your efforts. Sometimes, though, your customers simply don't pay their bills on time. You may be wondering what your debt collection options are, both in and out of the courtroom. Non-judicial...
Creditors’ Rights – Options for Getting Your Clients to Pay
Clients who refuse to pay for services rendered are not only frustrating but can represent a real threat to your company's bottom line. Fortunately, creditors have recourse at their disposal. But taking self-help measures is not always the right way to go. Here are...
What is a creditors’ committee?
If you are a creditor, one thing that might fill you with worry is if a business that owes you money ends up in bankruptcy, such as Chapter 11 bankruptcy. You may worry about whether the debt will be repaid and whether your rights and interests will be protected...
Enforcement of Judgments in New Mexico
When a plaintiff sues a defendant to recover monies owed by the defendant and eventually succeeds in winning the suit, an award of damages is incorporated in to the judgment of the court identifying the exact amount of the judgment and whether any court costs,...
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