Tag Archives: Debt Collection
Legal Actions I Can Take if a Friend Owes Me Money
Money and friendship can make a very awkward couple — and if you are in this scenario, please know that wanting to get back the money you are owed is not a bad thing. It’s a tough lesson to learn, but there are a variety of legal actions you can take if a friend… Read More »
Pre-Collection Services from Third Party Debt Collectors
Debt collection is a billion dollar industry. Debts generated from credit card accounts or loan services are often sold to third party collection agencies at huge discounts who then attempt to collect the debt by various means. By the use of phone calls and/or letters to consumers who owe the obligations, third party collectors… Read More »
My Roommate Won’t Pay Me
When a roommate has not paid his or her share of the rent, one might be inclined to think that only that roommate will suffer the consequences. However, this is not usually the case. More often than not, any and all roommates are 100% responsible for all of the rent at all times under… Read More »
What Do I Do When Insurance Won’t Cover My Injury?
When a driver causes a vehicle accident, the injured driver’s insurance company pays for the damages and injuries, and then collects from the responsible party’s insurance company. The insurance company will only pay for the coverage purchased by the insurance holder. California has low insurance requirements, as shown below, which can lead to an… Read More »
My Business Partner Owes Me Money
“Honesty is the best policy . . . when there is money in it.” – Mark Twain Clearly, not everyone is honest with money matters. When it comes to a current or former business partner, there are specific steps to take in the attempt to recover money owed. The Contract The first and most… Read More »
Legal Domestication of Foreign Debts
Domestication of a debt refers to the process of getting a California court to recognize and enforce an out-of-state judgment or sister-state judgment or a judgement from a foreign country. Domesticating foreign debts are handled differently than domesticating out of state or sister-state judgments. Unfortunately, the United States has no reciprocal treaty with any… Read More »
5 Important Things a Contractor Should Know About Foreclosing on a Mechanic’s Lien
Probably the most important remedy for a contractor is the mechanic’s lien. California contractors have the added protection of having mechanic’s lien rights embodied in the California constitution, the only state in the union to do so. A mechanic’s lien creates a security interest in real property for work performed there. If the owner… Read More »
What is Domestication of a Debt?
Oftentimes when people are owed money, they begin to research all of the options available to them and one of the keywords that comes up frequently is Domestication of a debt. You may have also come across other terms such as sister state judgment. To make sure that you are most informed the following… Read More »
3 Things You Need to Know About Collecting a Judgment Against Another Business
You have been successful in going to court, either small claims or regular superior court depending on the size of your claim, and now it is time to collect your judgment against the business you sued, which is now the judgment debtor. When collecting a judgment against another business, here are 3 things you… Read More »
How Can Contractors Collect on a Mechanic’s Lien?
Mechanic’s liens were created to protect contractors and subcontractors who have supplied their labor and materials to a project so that their efforts are paid. Before a contractor can collect on a mechanic’s lien, he or she must be certain that all preconditions for recording the lien have been met. First, as a contractor… Read More »