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Commercial Business Archives

California Debt Collection: What Creditors Need to Know Before Settling Their Claim

debt-settlement.jpgIn many debt collection cases, the outstanding debt is settled before any court judgment is actually entered against the debtor. In an ideal world, this would be an unquestionably positive outcome for creditors. After all, debt collectors are simply looking to recoup the money to which they have a legal claim. Unfortunately, in reality, sometimes debtor parties do not follow through with the terms of debt settlement agreements. Further, if the settlement process is not handled properly, creditors could find themselves in an undesirable situation. Indeed, creditors could even lose important legal rights. Before settling a major outstanding debt, you should first consult with an experienced San Jose commercial debt collection lawyer.

Common Mistakes in Commercial Letters of Credit

letters of credit.jpgCommercial letters of credit can be valuable tools for communicating assurance of payment, for securing assets and contracts, and for achieving mutual benefit for both parties to a sales import or export agreement. However, many submitted letters of credit suffer from fatal defects. It is important to understand some of the most common mistakes and errors in securing commercial letters of credit, as well as how to avoid making them.

Creditors' Rights: Alternative Ways Businesses Can Collect Judgments against Debtors

creditor rights.jpgYou may have just won the case against the debtor, and received a judgment against him or her, but your work is far from over. Although you received a judgment against the debtor, collecting on that judgment has proven to be the hardest part of this process for most creditors. Luckily, there are many collection techniques available today that might make the process easier.

Understanding Fraud in Post-Sale Commercial Business Transactions

fraud-litigation-commercial-business.jpgToo often, unfortunate situations arise during the commercial sales of businesses. These situations arise frequently because sellers of businesses either actively misrepresent the facts surrounding the business or fail to disclose all the proper information to the prospective buyer.