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Insolvency may be defined as inability to pay debts or a situation where by the amount of Debt exceeded the value of the Assets.insolvency is often defined in terminological sence as bankruptcy or indebtedness or lack of solvency,many economist evaluate lack of solvency with lack of worthiness’ In corporate law…

Akintunde Chris Opeodu FIDR A debt collection attorney provides legal representation to creditors to compel consumers to pay back loans or overdue bills. You can become a debt collection attorney by first completing your undergraduate and law degrees and passing the the institute of Debt recovery Practitioners exam in your jurisdiction. Your resume can…

Business owners are struggling enough in this weak economy, but when you add stagnant accounts receivables to the mix, it can make for some pretty tough financial times. According to wall Street report, small business owners are having to wait longer to get paid 20 percent more of the time…

It is vital that any business, especially those offering products or services on credit, manage their debtors effectively, particularly in matters of payment terms. This can be done by identifying and differentiating between your slow-paying debtors (also slow-paying debtors with which the company intends to continue its relationship) and the…

Negotiations: Seven Rules for Successful Collections Any time you to want someone to do something for you — buy your product, pay their bill, whatever – you have to negotiate. Regardless of which side of a negotiation you are on, each party to a transaction has a chance to strategically…