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.
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 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.
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.
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.
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.
As a lawyer who practices in both collections prosecutions and defense matters, I have handled numerous cases for clients who have made some mistakes when extending credit to their customers over the years. Here are 5 tips you should follow to ensure that you are... Continue Reading.
Reclaiming Your Time Getting paid is an essential aspect of your business. If you have more than one client with an unpaid balance due, then you have one too many. Following these strategies can change how your firm does business to ensure you are getting paid... Continue Reading.
Steps to Success Most medical doctors want to focus their energy on medicine’s actual practice and the quality of care their patients are receiving. Still, a critical component of a successful medical practice is billing and collections. Efficient medical... Continue Reading.
By Amanda Vann, (301) 563-6685 When you’re seeking debt collection services, it’s important to conduct your search as carefully as you would for any other profession or service. Consider these advantages that a collections attorney with a licensed... Continue Reading.