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Category Archives: Collections

collection calls

Are Your Collection Calls Yielding Results?

By Andrew Ritholz |

According to a recent report from CNBC, debt delinquencies are on the rise in the United States. With trillions of dollars of commercial debt and consumer debt outstanding, this has major implications. For businesses seeking to collect on outstanding financial obligations, a well-crafted collection strategy is a must. Are you making collection calls to… Read More »

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commercial debt collection

What is Commercial Debt Collection?

By Andrew Ritholz |

Whether it is initial financing, a capital infusion, or outstanding accounts receivable, many companies take on debt. According to data from the Federal Reserve Bank of St. Louis, there is well over $1 trillion in outstanding commercial debt in the United States.  Commercial debt collection can be especially complicated. For businesses collecting on debt,… Read More »

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collection calls

Six Tips for Making Collection Calls that Get Results

By Andrew Ritholz |

Cash flow is a challenge for virtually every business. When a customer or other party fails to pay for goods or services in a timely manner, it can create real problems for your company. A proactive and solutions-driven collection strategy is a must. At the Law Offices of Andrew Ritholz, we help clients collect… Read More »

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commercial collections

Does the FDCPA Apply to Commercial Collections?

By Andrew Ritholz |

The Fair Debt Collection Practices Act (FDCPA) is a federal law regulating the behavior of debt collectors when attempting to collect a debt from consumers. The FDCPA prohibits certain types of conduct by debt collectors and gives consumers specific rights in dealing with debt collectors, including using abusive language and calling repeatedly or at… Read More »

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A man looking at his bank account realizing he has some levies on it

How Many Times Can a Creditor Place a Levy on My Bank Account?

By Andrew Ritholz |

When a debtor owes a creditor money, there are many ways in which a creditor can collect what they owe. One of the most common methods is through a bank levy; however, a single levy does not always collect the full amount of a loan. At the Law Offices of Andrew Ritholz, our California… Read More »

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Legal Actions I Can Take if a Friend Owes Me Money

By Andrew Ritholz |

Money and friendship can make a very awkward couple — and if you are in this scenario, please know that wanting to get back the money you are owed is not a bad thing. It’s a tough lesson to learn, but there are a variety of legal actions you can take if a friend… Read More »

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5 Rules to Follow When Planning for Asset Protection

5 Rules to Follow When Planning for Asset Protection

By Andrew Ritholz |

Asset protection consists of steps you can take to keep your vulnerable assets from being seized by creditors if they obtain a money judgment against you. You already have certain assets that are exempt, such as home equity subject to state law, as well as other items of personal property. But you can protect… Read More »

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Pre-Collection Services from Third Party Debt Collectors

Pre-Collection Services from Third Party Debt Collectors

By Andrew Ritholz |

Debt collection is a billion dollar industry. Debts generated from credit card accounts or loan services are often sold to third party collection agencies at huge discounts who then attempt to collect the debt by various means. By the use of phone calls and/or letters to consumers who owe the obligations, third party collectors… Read More »

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my roommate won't pay me

My Roommate Won’t Pay Me

By Andrew Ritholz |

When a roommate has not paid his or her share of the rent, one might be inclined to think that only that roommate will suffer the consequences. However, this is not usually the case. More often than not, any and all roommates are 100% responsible for all of the rent at all times under… Read More »

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insurance wont cover my accident

What Do I Do When Insurance Won’t Cover My Injury?

By Andrew Ritholz |

When a driver causes a vehicle accident, the injured driver’s insurance company pays for the damages and injuries, and then collects from the responsible party’s insurance company. The insurance company will only pay for the coverage purchased by the insurance holder. California has low insurance requirements, as shown below, which can lead to an… Read More »

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