It is not uncommon for a small business in Texas to have customers owe it money. Depending on the type of business you run, you may often sell items to customers on credit. Doing so means that you should also have a collections process in place to go after customers who do not pay their debt. When you do any type of collections, you should understand debt collection laws in the state to ensure you are not breaking any.
You did the research, connected with your clients and complied with all of the necessary regulations to get your financial business off the ground. With all the work you put into it, you expect other people to do the same and to repay their part of your partnership. At Palmer & Manuel PLLC, we want to help you get what you are owed if your Texas investments do not go exactly as planned.
There is nothing more frustrating than being owed money and not receiving it. Everybody wants to be paid their fair due; that is why creditors will sometimes employ a writ of garnishment to collect what is owed.
If you own a business in Texas, you likely rely on customers' timely payments to pay expenses and fund growth. When a customer not only fails to pay you but also files bankruptcy to prevent any sort of debt collection action, you may be torn between pursuing the debt into bankruptcy or giving up the claim altogether. If you are like many business owners, you may assume that pursuing the debt is not worth your time or money. But this might not be the case at all.