Understand how to take legal action when dealing with delinquent customers to gain a better account receivable status.
Many business owners and corporate professionals do not properly address the past due accounts owed to their businesses. They fail to maximize the collection of account receivables and have not implemented a strategic collection policy. As the saying goes, an ounce of prevention is worth a pound of cure, and knowing what constitutes a comprehensive, enforceable and iron-clad contract and credit agreement with customers is step one. Understanding how to avoid violating debt collection and bankruptcy laws is also essential. If litigation is necessary for pursuing a debt, properly obtaining, perfecting and enforcing a judgment is a prerequisite for an effective collection strategy. Learn all the above for properly handling delinquent customers and implementing strategic debt collection methods.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Intro/Importance of Implementing a Formal Collection Process
Best Practices for Contracts/Credit Agreements
- Customer Information (the More the Better)
- Attorney's Fees Provision
- Personal Guaranty/Spouse Signature
- Legal Considerations - Venue; Jurisdiction; Choice of Law
Avoiding Violations of Debt Collection and Bankruptcy Laws
- The Federal Fair Debt Collection Practices Act
- The Bankruptcy Code's Automatic Stay Provision
Debt Collection Litigation
- Venue and Jurisdiction Issues
- Small Claims
- Perfecting Judgment Lien Rights
Post-Judgment Collections
- Post-Judgment Discovery - Document Production; Depositions
- Garnishment
- Execution, Levy and Sale
- Fraudulent Transfers and Third Party Claims
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 25, 2019.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Hans C. Wahl, Esq.
Jimerson Birr, P.A.
- Attorney with Jimerson Birr, P.A.
- Main area of practice is creditors’ rights and commercial collections
- Assists both small businesses and large corporations in protecting their legal, financial and contractual rights, specifically handling delinquent accounts and collections
- Member of numerous professional organizations
- Frequently speaks and writes on collections and bankruptcy issues
- J.D. degree, magna cum laude, Florida Coastal School of Law; B.S. degree in business finance and business management, University of Florida
- Can be contacted at 904-389-0050 or [email protected]
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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