JMA
MARCH 21, 2024
Are you facing the challenge of collecting a business debt in Queensland? In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency.
Taurus Collect
OCTOBER 30, 2023
Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. In such situations, engaging a collections agency becomes inevitable. The Late Payment of Commercial Debts Act (1998) is one crucial law that you should be well-versed in.
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Collection Industry News
JUNE 12, 2023
Introduction: Managing debt is an essential aspect of running a business, and effective debt collection is crucial for maintaining healthy cash flow and financial stability. Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients.
Taurus Collect
OCTOBER 30, 2023
Navigating the convoluted terrain of debt collection can be a daunting task for businesses big and small. However, understanding the crucial steps in the debt collection process can empower businesses to retrieve owed money efficiently and legally, thus enhancing their financial health.
Taurus Collect
MAY 11, 2023
Not knowing whether to issue warnings, take legal action or try other methods for collecting unpaid rent can make the situation even more challenging. This blog post will provide an in-depth look at when and how you can send a non-paying tenant to collections. What Steps to Take Before Sending a Tenant to Collections?
Stevens Lloyd
JULY 17, 2018
However, in case, your all efforts to collect the debt get unsuccessful, you can take the advantage of debt collection services. There are many ways to recover debts from clients who refuse to pay. Whether it’s a new client or an old one, you have the right and obligation to collect the amount you are owed.
Jimerson Firm
FEBRUARY 10, 2022
Generally, if debtors owe a debt to a lender, and the lender cancels or forgives that debt for less than its full amount, the debtor is treated for income tax purposes as having income and may have to pay tax on this income by virtue of a 1099-C filing from the lender. Charging Off” Uncollectable Debt. See Caplinger v.
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