When people consider an account going into collection, they often think of the debt collection agencies that will be called on to collect the overdue payment or bill. Individual collections might be the most common type of collection, but commercial Read more…
Tradesman or Businessperson? You’re in business for yourself. Your skills as a tradesman, be it Contractor, Painter, HVAC or otherwise, are second to none. Let’s face it, that is your true gift and you do it well. When you decided Read more…
While you might think it’s a period of years, a more accurate response is that there are various Pennsylvania laws and creditor actions that can renew the life of a judgment almost indefinitely. Consequently, if you owe a debt, the Read more…
In the State of Pennsylvania, the statute of limitations on contracts is four years. Most collection cases involve a contract of one type or another. What a four year statute means is the statute begins to run when a creditor Read more…
Before you begin a debt collection case, you should be familiar with your debtor’s background and in particular, their assets. This is typically done before any lawsuit is begun. A determination that the debtor owns property can easily be established Read more…
By providing a product or service, you expect as a business owner to receive money in exchange. When someone fails to pay, though, you might be forced into pursuing debt collection strategies to receive the money that is rightfully yours. Read more…
One of the goals that you likely have as a business owner is how to expand your customer base. You likely spend time each month deciding on which promotions to offer as well as how to provide customers with the Read more…
As a business owner, you are reliant on customers to promptly and fully pay the amount owed. Anytime a client does not pay you, there are still bills that the business must pay. This can leave business owners facing many Read more…
If you are unable to collect on a business or private debt, it is common to end up frustrated with the experience. Some people even find that the inability to collect on a debt leaves them unable to carry on Read more…
Who better than a CPA to know the financial information of their client. Oftentimes, work is done in advance by the CPA in providing accounting services to its client, typically before payment is made. Once the work is done, the Read more…