A Law Firm Built On Integrity, Perspective And Results
Running a limited liability company (LLC) can protect your personal finances when your business owes money. However, that protection has limits. If your Ohio LLC cannot pay its suppliers, lenders or other creditors, you may wonder whether they can pursue your personal...
When a business stops responding about an unpaid debt, you may be unsure whether to keep calling, send another email or take a more formal approach. Silence does not resolve the debt, but continuing the same collection efforts without a response may not help either. A...
How Ohio creditors can respond to debt disputes Debt disputes happen often during the recovery process. In Ohio, however, creditors must follow specific rules when responding to these challenges. Mishandling a dispute can quickly turn a routine collection matter into...
When collateral is damaged or goes missing, repayment risks increase and disputes often follow. Ohio law gives secured creditors defined rights that help protect their financial position. Knowing how those rights apply allows you to respond quickly and limit financial...
When you pursue a debt collection case in Ohio, you might wonder whether you can recover the attorney fees you spend doing it. In most cases, Ohio law follows the “American Rule,” which means each party pays their own legal costs. However, there are important...
When a debtor files for bankruptcy, it significantly impacts a creditor’s ability to collect on outstanding debts. Understanding these effects helps creditors protect their interests during a bankruptcy proceeding. Automatic stay and its effects One immediate...
Third-party debt collectors often try everything in their power to get debtors to pay their bills. The original creditors weren’t successful, but the experience of third parties is sometimes met with success. All third-party debt collectors must ensure they abide by...
The Fair Debt Collection Practices Act (FDCPA) is a federal law that governs how debt collectors can interact with consumers. The law primarily applies to third-party debt collectors, such as collection agencies; however, it’s critical that all creditors understand...
Recovering unpaid debts is an important part of protecting your financial interests. Whether you are a business, service provider or lender, handling debt collection with care can help you avoid setbacks and strengthen your chances of successful recovery. However,...
Garnishment is a powerful tool for creditors looking to collect on unpaid debts. In Ohio, creditors can seize a portion of a debtor's wages, bank accounts, or other assets to satisfy a judgment. Understanding the rules surrounding garnishment is essential for...
