When lending money to close family or friends, I strongly encourage clients to document the loan amount and the repayment terms and conditions and have it signed by both parties. While it may seem formal, it is, and that formality can protect you legally. There... Continue Reading.
If you own a business, then chances are you have had the unfortunate experience of having unpaid account balances. You have most likely tried to take reasonable steps to collect the outstanding balances, but with no luck. It’s time to consider retaining a... Continue Reading.
Before pursuing a debtor, it is essential to weigh out the likelihood you will be able to collect upon the debt. The majority of people who get into financial trouble are not able to pay their debts. Before pursuing legal action in court, it is beneficial to conduct a... Continue Reading.
Lending money to a friend or family member for a personal loan can lead to a headache if you do not take the proper precautions and steps to ensure that the loan is repaid. All financial institutions require borrowers to complete a loan application. As... Continue Reading.
Accounts receivable is one of the most critical components of any successful business. Proper management and collections of accounts receivable are necessary for success and business growth. Adequate oversight of accounts receivable will recognize cash flow... Continue Reading.
Want to Decrease Your Patient Delinquent Accounts? Follow These Tips. Assess your financial responsibility contract and ensure that the contract terms contain provisions to protect and deter patients from incurring medical debt. #1 – Institute Lates Fees and... Continue Reading.
By using her experience and knowledge as a collections lawyer, Attorney Mary Ellen Flynn successfully litigated in Federal Court on behalf of someone whose bank account was garnished to pay for her husband’s debt. By arguing a combination of marital property,... Continue Reading.
Mary Ellen Flynn, Esq., of the law firm Andalman & Flynn, recently authored a collections article for the Maryland Bar Journal, the flagship publication of the Maryland State Bar Association. Published in Volume 1, Issue 3 of the 2019 Maryland Bar Journal, the... Continue Reading.
When a company goes out of business, it usually sends up red flags. Financial issues typically arise, and as a result, creditors demand payment. If, as a creditor, you find yourself in this situation, below are some helpful tips to help you collect from the debtor... Continue Reading.
Mary Ellen Flynn, Esq. Authors Chapter in the MSBA Practice Manual Silver Spring, Maryland – September 25, 2019 – The Montgomery County-based law firm of Andalman & Flynn, PC has announced that managing partner Mary Ellen Flynn was selected to pen the first... Continue Reading.