Successfully collecting money from late-paying clients starts with your mindset. Yes, it’s annoying and time-consuming to be forced to chase up late payments. But we’re all in business with other people. And the quickest way to get the money you’re owed is to understand why your invoic...
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Can debt collectors sue you? Typically, debt collectors will only pursue legal action when the amount owed is in excess of $5,000, but they can sue for less. “If they do sue, you need to show up at court,” says Lewis-Parks. “If you don’t show up, the court will probably is...
It can be very frustrating when an attorney you trusted to help you with a legal problem has violated that trust. Find out when and if you can file for malpractice against a lawyer you hired.
Assets include checking and savings accounts, accounts receivable (money owed by customers), inventory, and even equipment that could be converted into cash. Liabilities include the money you owe to others (accounts payable), your credit card balance, and any other liabilities that are scheduled ...
The appreciation messages below will help you to say thank you for the money gift. The gift of money can be a true blessing! Here are some short, quick messages to get you started.These will work best when you don’t want to share what you are doing with the money. ...
I am the trustee of a trust account and need to know how to fill out a release form for those receiving money from the trust. Answer You may want to have an accountant or lawyer review it with you the first time. Your local banker may also help you for free. ...
You can pay a deficiency balance or money owed to the lender in several ways. You can make a lump-sum payment to settle the debt. If you don't have funds, you may be able to get on a payment plan or negotiate a settlement for less than what you owe. ...
Understanding your current situation, including where your money is coming from and where it's going, can help youestablish hardship. Gather Documentation Next, gather any documentation you have to support your case for debt settlement. Some of this documentation, if applicable, might include: ...
Once you’ve made a single payment, your creditors can attempt to take you to court. They may also be able to sue you for thefull amount owed plus interest and fees. Acknowledging the debt in writing Acknowledging that you owe money on a specific debt can also restart the clock. Fortunat...