When someone owes your business money, it can be hard to get them to pay. Some people fall behind on their financial obligations through no fault of their own. Others willfully refuse to work on paying off their outstanding debts. If someone owes your company money...
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Debt Collection
Why do clients fail to pay?
Few things are as frustrating as providing a product or a service to a client who promises to pay and then finding that they are never going to make good on that promise. Even if you took a down payment at the beginning to protect yourself, they may not pay the...
Having a lawyer help you collect the debts you are owed
Those who own businesses here in the Elizabethtown, KY, region know they cannot let unpaid bills mount. To manage a business or company effectively, you must have a steady stream of income. When customers do not pay, it harms your business and your financial accounts....
Don’t cause your business problems when collecting debts
Making sure that your customers pay you the money you’re owed is a priority for many companies. You have to learn the ins and outs of collections if you plan on handling these in-house. There are some things that you can’t do because they may be illegal or construed...
Collect debts when they’re owed with the support you need
When you run a business, you can’t let people go without paying. If you did, then you’d likely end up in a situation where you couldn’t pay for your own expenses. You would see your profits decline, which isn’t the goal. As a commercial landlord, you try to be fair to...
Freelancers: What happens if a client doesn’t pay you?
The gig economy is alive and well in America today, and a lot of creative freelancers rely entirely on their skills and services for an income. Unfortunately, getting some of their clients to pay on time -- or pay them at all -- can be a problem. If you’re a...
What are your options when someone won’t pay your business?
Running a business means offering goods or services that other people pay for. Unfortunately, most businesses will eventually encounter someone who resents the obligation to pay for the goods or services they have already received. When someone refuses to pay you, you...
Encountering the tidal wave of business bankruptcies
The business impacts of the COVID-19 pandemic have been both broad and deep across the country and globally. Many small businesses in the U.S. were unable to secure funds from the federal government through the Paycheck Protection Program and are waiting to see...