To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable … [Read more...]
What is Commercial Debt?
How Process Service Can Help You Collect Commercial Debts
When you’re attempting to collect a debt from a commercial customer, you know that every second counts. After all, the older the debt is, the harder it becomes to collect. When the traditional letters, phone calls, and negotiations fall short, it may be time to consider filing a debt collection … [Read more...]
Your Commercial Debtor Just Went Bankrupt — Can You Still Get The Money You’re Owed?
You’ve spent months chasing down a company that owes you money. Now you hear the dreaded news: Your non-paying customer is filing for bankruptcy. After the time, money, and resources you’ve invested in this customer, you are likely wondering about your options. Some businesses might write off the … [Read more...]
Business Debt Collection Laws and their Connection to Commercial Debt
Running a business involves the provision of goods or services in exchange for payment. In a perfect world, this exchange should be seamless. However, we are not in a perfect world, and sometimes clients may fall back on their payments. Unfortunately, this tends to strain your business … [Read more...]
A Guide to Sending and Receiving Debt Collection Letters
Poor financial practices are among the leading reasons approximately 82% of businesses fail within the first five years. A company may have adequate capital, good sales volumes, and profit margins, but if most of its sales are on credit, it can be set up to fail. If your business is dealing with … [Read more...]
