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5 Important Facts About Wage Garnishment in Maryland
So you have a judgment against a debtor, but now how do you collect? One of the most common collection methods is to get a wage garnishment against the debtor. Here are 5 essential facts about wage garnishment that you must know. You must file the proper documents... Continue Reading.
Is It Time to Hire a Collections Attorney: Look for These Telltale Signs
By: Mary Ellen Flynn, Esquire As a business owner, there is a strong probability that you will face a client who cannot pay. In these situations, most businesses attempt to work with their clients and obtain payment. Companies’ standard practices are to... Continue Reading.
Medical Debt Collection: 3 Ways We Can Help
By: Mary Ellen Flynn, Esquire According to a Forbes article published on October 13, 2021, more than 50% of Americans owe some form of medical debt. With so many people to pursue, here are three ways we can assist your practice with medical debt collection.... Continue Reading.
Get the Facts About Secured vs. Unsecured Debts
By: Amanda Vann, Esq. The main difference between a secured debt versus an unsecured debt is whether or not the debt is “guaranteed” (secured) by collateral. For example, car loans are secured by the car that was purchased with the loan proceeds and mortgages... Continue Reading.
Statute of Limitations on Debts, What Are They and Why Are They Important
Statute of Limitations is a legal term used to define the time period a creditor has to bring suit against a debtor. Each state is different, but in Maryland, a creditor has 3 years to bring suit from that later of when the last payment was made upon the debt or when... Continue Reading.
Demand Letters: What Are They and How to Use Them Effectively
A demand letter is a formal letter sent by a creditor to a debtor which notifies the debtor about the debt, makes a demand for payment, and informs the debtor that if payment is not made, the creditor can start the legal process to file suit and obtain a... Continue Reading.
Business Debt Collection: 4 Tips for Getting the Money You’re Owed
One integral but dreaded part of running a business is navigating collecting money owed from clients that won’t or can’t pay you. As a business owner, it is essential to find a way to strike the appropriate balance between pursuing the money owed and... Continue Reading.
Protect Yourself with a Properly-Written Promissory Note
Have you ever considered loaning a friend or business associate money? Maybe you are trying to help a struggling friend or family member. Perhaps you want to assist a business associate. Before handing over any money, you should protect yourself by securing the loan... Continue Reading.