Recent Blog Posts
Securing Your Rights: Strategies for Successful Collections and Commercial Litigation
A delinquent account—whether from a customer, client, or any other type of debtor can be a serious financial burden for a business. According to data from the Board of Governors of the Federal Reserve System, nationwide commercial delinquencies in the second quarter of 2023 hit their highest level since before the COVID-19 pandemic. For… Read More »
Are Your Collection Calls Yielding Results?
According to a recent report from CNBC, debt delinquencies are on the rise in the United States. With trillions of dollars of commercial debt and consumer debt outstanding, this has major implications. For businesses seeking to collect on outstanding financial obligations, a well-crafted collection strategy is a must. Are you making collection calls to… Read More »
What is Commercial Debt Collection?
Whether it is initial financing, a capital infusion, or outstanding accounts receivable, many companies take on debt. According to data from the Federal Reserve Bank of St. Louis, there is well over $1 trillion in outstanding commercial debt in the United States. Commercial debt collection can be especially complicated. For businesses collecting on debt,… Read More »
Six Tips for Making Collection Calls that Get Results
Cash flow is a challenge for virtually every business. When a customer or other party fails to pay for goods or services in a timely manner, it can create real problems for your company. A proactive and solutions-driven collection strategy is a must. At the Law Offices of Andrew Ritholz, we help clients collect… Read More »
How is Breach of Fiduciary Duty Determined?
Whether it is an attorney, accountant, or business partner, you put great trust in the professionals you work with. These professionals often owe their clients (or partners) a fiduciary duty. A professional may be legally liable for damages caused by a breach of fiduciary duty. In this article, you will find an overview of… Read More »
Does the FDCPA Apply to Commercial Collections?
The Fair Debt Collection Practices Act (FDCPA) is a federal law regulating the behavior of debt collectors when attempting to collect a debt from consumers. The FDCPA prohibits certain types of conduct by debt collectors and gives consumers specific rights in dealing with debt collectors, including using abusive language and calling repeatedly or at… Read More »
What are the Consequences of a Breach of Contract in California?
A violation of a binding contract’s terms is called a breach of contract. Breaches can range from a failure to deliver an agreed-upon service or could be as simple as a late installment payment. In California, contracts can be either written or oral in some circumstances. While some people might think that a breach… Read More »
How Do You Prove Unfair Competition in California?
Most states have enacted unfair competition and/or deceptive trade practices statutes. California’s unfair competition law (UCL) dates back to 1872 and has since been updated and broadened. Today, the UCL prohibits a business from engaging in unfair, unlawful, or fraudulent business practices. The UCL also bans misleading, false, or deceptive advertising. Finally, the UCL… Read More »
Can You be Sued for Credit Card Debt in California?
If you miss a credit card payment, you will quickly hear from your credit card company and they will try to work with you to bring your account current. If you miss multiple payments and you do not respond to the emails, letters, and phone calls from the credit card company, your account will… Read More »
How Does a Plaintiff Prove Negligent Misrepresentation?
When one party’s actions cause another party to suffer financial losses, the financially injured party has the right to file a civil lawsuit, asking the court to order the defendant to reimburse the injured party for those losses. Fraud is one of the reasons that you can sue someone for damages, but while it… Read More »
