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...
Creditor’s Rights
How should you address medical bills?
Overall, you may have been a relatively healthy person throughout your life. However, just like any other New Mexico resident, you could face an unexpected medical emergency. This emergency can feel frightening and put your well-being at risk. In the best case,...
More credit-bureau data changes taking effect in September
We recently posted information about steps being taken to improve the quality of consumer data that the three major credit bureaus use to evaluate people's creditworthiness. In that blog post, we explained that Experian, TransUnion and Equifax entered into a...
Accuracy of credit-bureau data to improve July 1
Beginning July 1, the three major credit bureaus will not consider public tax liens or civil judgments in analyzing the consumer creditworthiness unless specific new standards of data reliability are met. This change is pursuant to a settlement called the National...
Putting a small business debt collector in a position of strength
We represent small business owners in a variety of matters, but an important part of our practice is helping these clients collect debts owed to them. We have blogged about this before, particularly about the different approaches to collection that might be taken to...
How to choose a creditor’s rights attorney
Collecting unpaid debt is a complicated process with many rules and requirements to follow. A lawyer can make sure all of your options are explored and protect your rights. The attorney you hire matters when you are a creditor. How do you make sure you hire the right...
Creditors: know your options to collect unpaid debt
You have rights as a creditor. When individuals or businesses fail to pay back debt owed to you, what are your options? Your options primarily depend on whether the debt is secured by collateral or is an unsecured debt.You can first try to collect unpaid debts without...
What do I do When I’m a Creditor in a Bankruptcy?
Creditor's rights are the laws to protect the entitlement of creditors/lenders to collect the money they are rightfully owed. Before recommending a course of action, when a bankruptcy is filed, the creditor's lawyer will evaluate the specifics unique to the debtor's...
Can Creditors Collect a Judgment Lien during Bankruptcy?
When an individual files for bankruptcy protection, he or she may have judgments against them. Some of these court judgments awarding certain sums to judgment creditors may have been secured if the judgment creditor took the steps necessary to file judgment liens in...
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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