Running a business in the state of California is very difficult and the costs alone cause many businesses to fail in their first year of operation. In fact, one of the main issues faced by business owners is collecting debts owed by third-party vendors and/or businesses. Because debt collection is time consuming and costly, it is important to investigate the debtor in order to determine whether he or she possesses sufficient assets to satisfy the debt owed. The Law Offices of Jual F. Reyes is able to perform a detailed asset search to determine whether a particular debtor possesses sufficient assets to satisfy a debt.
The first step to debt collection is filing a lawsuit against the debtor for the amount owed. It is important that you file your lawsuit in a timely manner because the law places statutes of limitation or time restrictions with respect to how long you can wait before filing suit. Our firm has vast experience with respect to filing lawsuits in Federal and State courts to obtain money judgments against debtors for debts owed.
Subsequent to obtaining a judgment, a debtor will often take extraordinary steps to conceal assets in an effort to avoid the particular judgment. Usually, a debtor will attempt to transfer assets, relocate, change the name of his or her business entity, and/or claim the inability to pay in order to avoid the debt. However, subsequent to obtaining a judgment, the Law Offices of Jual F. Reyes aggressively pursues the assets of judgment debtors. For example, our firm is skilled in tracing assets, locating debtors, seizing assets, and foreclosing on property, if necessary.
Call the Law Offices of Jual F. Reyes for a free consultation with respect to your particular commercial debt before it is too late!
The Law Offices of Jual F. Reyes is capable of communicating in both English and Spanish.