How A Judgment Lien Can Help You Collect
In accounts receivable collections, a judgment lien is a valuable tool that can pay huge dividends. This article will discuss what a judgment lien is, how to obtain it, and how to use it to your advantage.
Category: AR Collections
Collecting A Judgment Using Post-Judgment Discovery
After you obtain a judgment, finding assets to satisfy it can take some digging. Besides your own investigations, you can use a legal process called post-judgment discovery to obtain financial information about the defendant. This article will discuss how the process can help you collect.
Strategies For Collecting After Judgment
When collecting past-due accounts, winning a judgment is only half the battle. The other half is actually collecting, which requires you to find and seize the defendant’s assets. This article will discuss the best assets for enforcing your judgment, and the best strategies for finding them.
Whether To Sue For AR Collections – It’s About Return on Investment
The first rule of accounts receivable collections is return on investment. Sure, you want to get paid as a matter of principle, but you also need to look at it practically. This article will discuss the issues of cost and collectability in deciding whether to sue for unpaid receivables.
AR Collections — Knowing When To Sue or Settle
In accounts receivable collections, after you call the customer, whether you should sue or settle will depend on his response. In this article, we’ll discuss different responses you’ll receive, and whether litigation or diplomacy is your better option.
Unpaid Invoices — Why Customers Don’t Pay
In most cases, there are 3 basic reasons a customer doesn’t pay: either it can’t pay, it doesn’t want to, or it has a genuine dispute. How you deal with nonpayment should depend on the reason. This article will discuss a practical approach to collecting unpaid invoices in each situation.
Maximizing Recovery In Accounts Receivable Collections
If you sell on credit, at some point you’re likely to have accounts receivable collections issues. Fortunately, you can develop internal policies for detecting problem accounts early and collecting them with or without litigation. This article will discuss several useful policies for collecting accounts receivable.
Attorney Fees In AR Collections — How To Make the Customer Pay
A common question in AR collections is whether you can make the customer pay your debt collection law firm. The answer depends on whether there’s a recognized basis for shifting fees. This article will discuss when and to what extent you can recover attorney fees in AR collections litigation.
Improving AR Collections With Written Agreements
Handshake deals can be unenforceable, can be hard to prove and can damage customer relationships. To improve your Accounts Receivable collections, you should “paper the sale” by putting all terms in writing. This article will discuss how written agreements help AR collections and can make them unnecessary.