Trying to collect money that’s owed to your company may seem like a daunting task. For some, especially small businesses, getting all of the money due to them is critical to their survival. While it’s understandable that there should be some urgency, you must still...
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Year: 2022
How do you retain top talent in a merger or acquisition?
When companies go thru a merger or acquisition, there is often an exodus of their top employees. This tends to be fueled by fear and uncertainty about how things will change due to the acquisition. Employees are naturally concerned about how they will continue to do...
Should you allow an owner in distress to do a short sale?
No homeowner, when signing the sale agreement, imagines they will default on their mortgage payments. Unfortunately, financial difficulties strike, and when they do, the homeowner may have to grapple with the possibility of losing their home. During those difficult...
Can you collect on commercial leases if tenants file bankruptcy?
Signing a lease with a startup or even an existing company can be a bit of a gamble. You never know if the company might go under and leave you without rental income or cause damage to your facilities that could cost thousands of dollars to repair. It is also...
A breach of contract is everybody’s business
Almost everyone enters into a business contract with the best intentions. After all, meeting contractual agreements is just good practice and may establish relationships and grow your business. What happens, however, when your good intentions go awry? You may...
Can you hold a cosigner responsible for an unpaid debt?
As a lender or other creditor, there are numerous laws that limit your rights and dictate what you can do to collect on debts and past due accounts. It can be quite confusing to try to seek repayment, especially in a situation where there may be more than one party...
Is it time to take on more employees?
You established your business a few years ago and it’s thriving. In fact, it’s almost becoming too much to handle. You have a stable workforce that has boosted your company exponentially. You expect more growth in the future. However, you are not sure if your company...
Adhering to the law as you collect on debts
You’ve provided goods or services to the highest standard. You’ve lived up to your side of the bargain, but the customer is still refusing to pay the amount you are owed. This can be both infuriating and costly to your company. What can you do about it? How can you...
April is Fair Housing Month: What that means for consumers
Every year, April is dubbed “Fair Housing Month” to celebrate the Fair Housing Act of 1968. That was an important step toward ending the housing discrimination against minorities and women that created segregated communities and artificial barriers toward...
What creditors need to know about the FDCPA
When a person or business owes them money, some creditors would stop at nothing to get that money from them. That’s why federal law protects those who owe money from unfair and harassing collection tactics. Specifically, the Fair Debt Collection Practices Act (FDCPA)...