If your business is suffering from the ongoing economic malaise, the first thing you should do is realize you are not alone. Thousands of small businesses are suffering and scrambling to do whatever it takes to stay afloat. However, you don’t want to do anything that...
How to Check a Business Customer’s Credit
It’s been said that, “Those who ignore history are doomed to repeat it.” Ensuring that a business you plan to extend credit to is worthy and able to repay it is key to running a successful enterprise. Here are some key ways to check a business customer’s credit:...
The Top Five Reasons Small Businesses Fail
The Small Business Administration (SBA) statistics show that approximately 45,000 businesses close every month. And the top five reasons why small businesses fail include: Revenue loss – a declining customer base, bad economy and slow or non-paying...
Enforcing Judgments Across State Lines
If your company has obtained a judgment for unpaid business debts and the debtor moves to another state, you are entitled to enforce that judgment based on the Uniform Enforcement of Foreign Judgments Act. This act enables creditors to enforce a judgment in cases...
Does Your Company Need a Business Debt Collection Attorney?
Here are some tips from a Chicago business debt collection attorney on how to tell if your company could benefit from the services of a business debt collection lawyer: If your company does not have sufficient personnel to handle the load of uncollected debt; If your...
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