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.
Before resorting to litigation, you and your attorney need to evaluate numerous factors to determine whether you have a viable commercial lawsuit. The first step in any commercial dispute is to obtain experienced counsel and ensure through a retention agreement that the scope of the services the attorney has agreed to perform dovetails with your expectations.
File a Lawsuit to Collect Business Debt – If you would like an assessment of whether you have a viable commercial lawsuit, call Snellings Law LLC at 973.265.6100 to speak with an experienced commercial litigator.