Business Debt Collections: How an Attorney Can Help You
In the face of an unstable economy, it is essential that those in the construction industry understand the implications of an owner, general contractor, or subcontractor's bankruptcy filing and take appropriate action to reduce risk. The first step in protecting your interests is to obtain general knowledge of creditors' rights and remedies once a debtor files for bankruptcy.
1. What are the Terms of the Contract?
As in most relationships, it's a two-way street. Without effective communication and mutual respect, most relationships will fail. The same is true when it comes to your relationship with your attorney. Your attorney-client relationship is an important partnership, which seeks to maximize the outcome in your favor.
Texas law provides different methods to collect on a court judgment regardless of whether the judgment originates from the state of Texas or another state. When a person or entity recovers money damages in a court, it will primarily be in the form of a judgment. A judgment is merely a piece of paper that declares a person or an entity owes another person or entity money. In order to collect on that piece of paper, consider the following methods and rules:
The task of building or majorly renovating your dream home comes with both rewards and headaches. A common headache is seeing your home built with defective design and construction issues that your contractor refuses to fix.