article thumbnail

Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

This comes from the understanding that personal creditor problems disappear from reports after seven years. Not to mention, registered members under this organization are more likely to be reputable, authentic, and transparent with their process. How Long Can Debts Be Pursued?

article thumbnail

Top 5 Asset Protection Strategies for Lottery Winnings

Jimerson Firm

When structured correctly, LLCs create a protective barrier from liability that ensures personal creditors cannot access LLC assets, and conversely, LLC creditors cannot access personal assets. LLCs are a type of legal entity that can be used for acquiring real estate, lending money, or purchasing stocks or bonds.