In this episode of the Vann Attorneys Legal Pad Podcast Attorneys James Vann and Ian Richardson discuss what contested litigation looks like in the event a Defendant answers a lawsuit you have filed against them.
In this episode of the Vann Attorneys Legal Pad Podcast Attorneys James Vann and Ian Richardson discuss the process of obtaining a default judgment when the Defendant does not answer a lawsuit.
The typical collections process when we receive a new file includes sending a demand letter, filing a lawsuit, obtaining a judgment, and then beginning post-judgment execution against the debtor’s assets. The process can take several months to more than a year to get to the point where assets can be seized. In some cases, this lengthy process can be devastating to the ability to collect the debt. North Carolina law offers some prejudgment options that can be utilized immediately under the right circumstances. Among these is a prejudgment remedy known as attachment.
In this episode of the Vann Attorneys Legal Pad Podcast Attorneys James Vann and Ian Richardson dive into issues surrounding the use of demand letters. Topics include what information is contained in a demand letter, the legal significance, or lack thereof, of demand letters, and how to deal with responses to demand letters.
Judgment creditors face unique challenges when attempting to collect a debt from a corporate entity as opposed to an individual. Among many challenges, one is what to do when a debtor corporation or LLC ceases to exist. It should come as no surprise that corporate entities are not always around forever. They are often merged with other entities, dissolved, or abandoned. While that may spell the end of the road for creditors, it is not necessarily the case.
We discussed the issue of bankruptcy strategies for creditors, defunct corporations and how they impact your accounts receivables, slow pay or no pay by customers and tips to avoid evasive debtors.
In this episode of the Vann Attorneys Legal Pad Podcast Attorneys James Vann and Ian Richardson discuss issues associated with customer defaults. Topics include, how to deal with the customer prior to hiring a lawyer, partial payments, payment plans, and customer bankruptcies.
We often have situations arise where a debtor seeks to avoid execution on a judgment by giving notice of appeal to the North Carolina Court of Appeals. Often debtors, and even some lawyers, operate under the impression that if they appeal a judgment, a creditor is precluded from taking steps to execute on the judgment. This is an incorrect assumption.
In this episode of the Vann Attorneys Legal Pad Podcast Attorneys James Vann and Ian Richardson discuss issues associated with business contracts. Topics include, whether credit should be extended, and how much, key contract terms, effective credit applications, and how to set yourself up to possibly recover your attorney’s fees if you must use a lawyer to collect on an account.
In this episode we provide an overview of the Vann Attorneys Legal Pad Podcast which will focus on issues that arise in business and credit and collections litigation. Attorneys James Vann and Ian Richardson provide a high level overview of the credit and collections process from the initial contract through post-judgment collection efforts. In the episodes which follow, James and Ian will breakdown each of the topics discussed in more detail.
Suppose you have a judgment against a debtor and the debtor either leaves the state or owns property in another state. How can you collect on your judgment? The answer to this question lies in a basic understanding of how these “foreign judgments” operate.
How are you effectively managing customers that are procrastinating in getting you paid? Our firm works with many different types of companies and industries; our attorneys understand best practices to effectively manage accounts receivable for your organization.
Jim Beck discusses discusses situations in which a bankruptcy is either beneficial to a creditor or only a mild hindrance to collection. Creditors should actively seek out opportunities to use the bankruptcy laws to their benefit and make sure there are no available recovery options prior to ceasing collection activities.
Wednesday, August 10 2016 from 3:00 to 3:30 p.m.Vann Attorneys Webinar: Business Contract Terms & Conditions: Shield or Sword? How can terms and conditions in a business contract be used for your protection? We will review common terms in business contracts and look at how they can be used to your advantage. Submit your questions in advance by email and …
Thursday, May 19, 2016 from 3:00 to 3:30 p.m.Vann Attorneys Webinar: What Happens To Your AR When Your Customer Files for Bankruptcy Join us for a conversation about how to best protect your company when your customer files for bankruptcy. What protections should you be putting into practice? How soon will you see your money? Do you have a potential preference …
NSF Checks: How to Respond When a Customer Issues an Non-sufficient Funds CheckBy James R. VannAttorney at Law Customer Issues a NSF Check that Does Not Clear Even with all the payment options available today, paper checks are still a popular form of payment especially in the business world. So, what options are available to you to help recover the check …
Thursday, October 8, 2015 from 3:00 to 3:45 p.m.Vann Attorneys Webinar: How to Handle Judgments in NC Join our webinar as we discuss “How to Handle Judgments in North Carolina from a Creditor’s Perspective”. We will discuss how judgments are obtained, what to do with a judgment upon being issued by the court and how to turn the judgment into a …
About eighteen months ago, we wrote in this space about the Equal Credit Opportunity Act (ECOA) and its application to requiring spousal guaranties as part of extending credit to customers. Recently, the U.S. Supreme Court agreed to hear a case to determine whether the ECOA applies at all to guarantors. Under the terms of the statute, the law applies only …
Thursday, February 26, 2015 from 3:00 to 3:30 p.m.Vann Attorneys Webinar: Business Credit 2015: Brains, Experience & Relationships; Why These Three Matter We all know the power of intelligence, experience and relationships with others. How does using these three qualities impact business credit in 2015? Join us as we discuss using intelligence, the value of experience and the power of relationships in …
Wednesday, June 18, 2014 from 3:00 to 3:30 p.m. Vann Attorneys Webinar: Credit Management 101: The Practical Steps of Effective & Efficient Management of Accounts Receivables Understanding the basics of business credit is important to strengthen your overall knowledge and business credit for all companies. We will discuss the foundations of business credit with topics such as reviewing contract terms and conditions, …
