The Entire Picture – In Focus
Whether you are a small business sending out invoices, a company leasing equipment, or a bank lending money, the first step in assuring payment is good, clear, concise documentation supporting your extension of credit.
For a Creditor, bankruptcy is another step along the way to the ultimate resolution of the debt.
Acting on the theory that the best defense is a good offense, customers or obligors often commence suit against the Creditor.
The Civil Courts offer Creditors a variety of remedies to enforce collection when a customer fails to pay. It is important to remember that the Courts do not exist to enforce debts, but are a method of resolving disputes.