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Even when a debtor has declared bankruptcy, you should not assume your claim is dead in the water. Companies can declare bankruptcy under several chapters of the U.S. Bankruptcy Code, but in each case the debtor will usually end up paying some of its debts. The...
If you are involved in a payment dispute with a customer or tenant, or any kind of commercial dispute in Texas, your goal isn’t just to get a judgment against the non-paying party. It’s to obtain payment. You might try an alternative dispute resolution process through...
It seems simple. You have a court judgment against a vendor or client, but they haven’t paid. Now, it is time to force the issue. Unfortunately, business debt collection can be complex in Texas. People and entities with judgments against a recalcitrant debtor can...
These days, every business needs to collect on every debt it can. When it comes to collecting business-to-business debts, you may need all the help you can get. The basic steps in business debt collection include 1) demanding payment, 2) getting a lien and 3)...
Texas business owners have a lot on their plates. When just starting out, it can seem like staying in the black financially is the most important goal in order to keep the company afloat. As a result, when clients or customers do not pay outstanding balances, company...
Companies often enter into agreements with other businesses in order to obtain supplies or services. These arrangements are often beneficial and can help companies operate as needed. Unfortunately, issues can also arise with these types of business relationships,...
Running any type of Texas business is hard work. It takes time and dedication to start and continue operating a company. Of course, it also takes money to run a business, which is why business owners have to think carefully about their prices of service and the...
Business owners and operators have undoubtedly heard the saying that the customer is always right. However, when a customer or client is not paying an outstanding bill, that person is in the wrong. Texas business owners certainly want to avoid this type of...