When Can a Debt No Longer Be Collected?
When someone makes a purchase with a credit card or gets a loan, they owe the debt. A person must pay their debts or face …
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May 15, 2023 Collections
April 28, 2023 Collections
Commercial Debt vs. Consumer Debt: What is the Difference?
If you have a credit card in your wallet or a loan with your bank, you have consumer debt. When a business takes out a …
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April 14, 2023 Collections
Do Usury Laws Apply to Private Loans?
When you take out a private loan from a bank or other financial institution, you expect to pay interest. The interest you pay for a …
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March 29, 2023 Collections
What are the Reasons You Might Seek an Equitable Remedy Instead of Money Damages?
When someone owes you money, it is a debt that you should be able to collect. The law provides a process by which a creditor …
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March 15, 2023 Collections
What Happens After a Writ of Execution is Served?
Once a creditor receives a judgment, the next step is to serve the debtor with a writ of execution. A writ of execution is a …
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