File a Lawsuit to Collect Business Debt
Are you expecting to receive a payment for money you loaned to an individual or small business? If you have not received payment in a timely fashion, you may need to file a lawsuit. The following 5 steps outline what you can do to collect the debt owed to you.
From the video it would be easy to understand that if you have loaned money to a small business or sole proprietor. However, when it came time for the other party to pay the debt, that party may have paid you back less than the full amount or rebuffed the loan completely. At this point, you will have to consider filing a lawsuit to collect the business debt.