By Andrew R. Schwartz | Published August 15, 2021 | Posted in Business Law, Creditors | Tagged Tags: commercial debt collection, debt collection strategies, grace period | Comments Off on Effective Debt Collection Strategies for Small Businesses
Effective Debt Collection Strategies for Small Businesses
Client relationships are the lifeblood of your company. Employing well-structured billing procedures and an effective debt collection strategy can prevent interruptions to your cash flow while maintaining healthy client relationships. Billing procedures should include clear written communication of all credit advancement terms and repayment terms, including how often the company will bill the client, the Read More
Read More
Understanding Creditors’ Options When Enforcing Judgments
Whether you’ve won a legal case, performed professional services or leased commercial property to a tenant, collecting the payment often proves to be the toughest part of the task.
Read More
Fraudulent Intent Not Always Necessary to Unwind an Improper Transaction
Creditors may use Illinois’ Uniform Fraudulent Transfer Act (IUFTA) to recover funds improperly shifted by a debtor to a third party.
Read MoreHow Attorneys Collect Court Judgments Across State Lines
After fighting for years to win a judgment, many attorneys find themselves facing a second — and equally difficult — fight to collect the judgment.
Read More