Winning a lawsuit and obtaining a judgment is a milestone, but seasoned creditors know it’s often just the midpoint. In commercial debt cases, a judgment does not automatically translate into payment. Debtors may delay, hide assets, transfer accounts, or simply ignore the judgment altogether. That’s where post-judgment discovery comes in. These tools give creditors legal […]
If you’ve ever tried collecting a commercial debt from a company that’s suddenly “out of money,” “out of business,” or just plain “out of reach,” you know the routine. When invoices go unpaid, the corporate shield comes into play, and the decision-makers start acting like they have nothing to do with it. They talk about […]
Extending credit is a crucial part of conducting business. Whether you’re a wholesaler, supplier, or service provider, offering terms to your commercial customers can help increase sales and build long-term relationships. However, every extension of credit carries risk — the possibility that a business might fail to pay what it owes. For creditors, one of […]
Winning a lawsuit against a business that owes you money is a major victory. However, many creditors are surprised to learn that even if the court issues a judgment in their favor, it doesn’t guarantee that the debtor will pay automatically. In fact, ignoring judgments is a common tactic used by commercial entities debtors. If […]
When a business customer refuses to pay what they owe, winning a lawsuit and getting a judgment is an important step — but it’s not the final goal. The real challenge begins after you’ve earned that judgment: figuring out how to collect. Two of the most common tools creditors can use are bank levies and wage garnishments. While […]
If you’ve invested time and money in suing a company for unpaid invoices, breached contracts, or commercial debts—and won—you might think the most challenging part is over. But winning a court judgment is only the first step. The real challenge often lies in actually collecting the money you’re owed. This article guides business owners on […]
If your business has a court judgment but still hasn’t received payment, a debtor’s exam could be the key to uncovering assets and collecting what you’re owed. Here’s how this legal tool assists businesses in enforcing judgments in commercial debt cases. What Is a Judgment Debtor’s Exam, and Why Should You Care? Securing a judgment […]
In the fast-paced world of finance, the extension of credit is a fundamental driver of growth and economic activity. However, while opportunities for returns exist, they also bring the risk of default. That’s where creditors’ rights come into play—providing a critical legal framework that protects the interests of lenders and investors. In the financial services […]
Unpaid debts can profoundly affect a business’s cash flow and profitability. When clients or vendors fail to fulfill their financial obligations, businesses must take strategic steps to recover their debts. New York’s commercial debt collection laws are intricate, and businesses must navigate them carefully to ensure compliance and enhance their chances of recovery. This guide […]
In the world of business, cash flow is king. Companies rely on consistent revenue to cover expenses, pay employees, and invest in growth. However, when clients fail to pay their outstanding invoices, a business’s financial stability can be compromised. Ignoring commercial debt can have serious consequences, from cash flow problems to legal complications. Understanding the […]
