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Creditors who are notified a debtor filed for protection through bankruptcy are right to find themselves frustrated. Bankruptcy causes a hurdle towards getting payment — but there are situations when creditors can jump that hurdle and still get some or all of their...
Commercial and residential properties can require all sorts of work. This can include projects that require the use of contractors and other professionals. Property owners may need assistance with actually building or repairing structures as well as help from...
A mechanic’s lien is a complex legal remedy that serves as an important safety net for architects, engineers, material suppliers as well as contractors. This legal tool helps to better ensure the property owner pays for the work they complete and the materials that...
The court ruled in your favor, now you just need to get paid. This should be easy, right? After all, getting the court on your side should be the hard part. Unfortunately, actually getting payment can be difficult if the debtor refuses to cooperate. There are legal...
A successful business often relies on many different businesses and individuals. To move forward, the business leaders expect everyone involved to meet their obligations. This can extend to include more than just the main players within the business leadership, but...
Finding the assets that belong to a client who owes you money is a lot like peeling an onion. It is important to go layer by layer to make sure you do not miss any potential assets. You do not have to go through this process on your own. You can seek the counsel of...
A credit application can be a valuable tool for businesses. This legal device allows the business to extend credit to customers. Although this tool can help The Law Offices of Alan M. Cohen LLC are experienced with the credit application process and know that this...
The importance of timing in filing a mechanic's lien As a business in the building trades, you have an advantage in commercial debt collection not available to other industries. When a customer fails to pay you, you can rely on a mechanic's lien against the property...
As a business owner, you probably already know the importance of a strong contract. This holds true whenever you provide your services or products to your commercial customers on credit. The terms of that contract become very important if your customer fails to pay....
Many business owners face uncertainty when it comes to collecting an overdue debt. They are not sure what steps to take first, how long to wait for a response and when to take a more aggressive approach. Often, people wait too long to pursue their debt, leaving them...