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There is no question that a bankruptcy filing can frustrate your attempt to collect on a debt from another business in Massachusetts. You should not give up, though. You may still receive some payment through bankruptcy, even if you cannot collect on the entire amount...
You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. In theory, it should be as simple as collecting the monies owed to you and being on your way. But it rarely is that easy. Very often your initial...
There may be times when a mortgage lender might not be able to fully recover debts after a real estate property or asset is sold. When the sale proceeds are not sufficient to repay the loans, a deficiency may occur. A mortgage lender may file an additional lawsuit...
Mechanic’s liens in Massachusetts require specialized counsel and assistance for the legal procedures involved. Being a fairly complex matter of legal nature, what’s even more important is that you understand it fundamentally so you can wade your way through it...
One of the biggest drawbacks of offering flexible financing terms is that some customers fail to make payments in a timely manner and some just simply become a deadbeat. They just don’t pay back. The latter type of customers either use delaying tactics in the hopes...
When offering services or products on credit terms to customers, it is advisable that you make them sign personal guarantees. Personal guarantees can significantly increase your chances of Massachusetts debt recovery. A personal guarantee can act as a safety net in...
Recovering post judgment debt from debtors who have no intention of making payments isn’t easy. It is not something that an unexperienced attorney or ineffective collections agency can do well, if at all. judgment. So, what should you do? Do you lose all hope of...
So, you’ve won the Massachusetts judgment? That’s great, as it marks the end of your case in the court; and declares you as the ‘winner’ of the lawsuit. But wait! Do you know what to do next? Have you hired an experienced Massachusetts bad debt collections...
Whether you’re a small business owner or an entrepreneur of a large enterprise in Massachusetts, if you offer flexible credit terms to partners and customers chances are that your financial statements may be showing a yearly increase in account receivables and bad...
When it comes to judgments, under the US Constitution, all States are required to honor judgments of other States. How that is done is generally governed by the Uniform Foreign Judgment Enforcement Act, which unfortunately has not been adopted by some States, such as...
