Business Vs. Individual Debt

Albuquerque Collections AttorneysIt is important to alter your strategy of debt collection depending on whether you are owed by a business or an individual.

In the case of a business, it is far less effective to try to garnish a bank account. By leveraging the full extent of the law, it is far more effective to go out and seize assets. By actually taking action that can stop or dramatically slow production at the outset, you have a much greater likelihood of getting the result you are looking for.

With individuals, it is a different story. In many cases, they cannot come up with the whole amount at one time. A wage garnishment can become effective in these cases because even if the individual does not consent to pay, the garnishment will be set in place and he or she can be paid off over a defined period of time.

Regardless of the specifics of the debt to which you are owed, we at Carpenter & Associates encourage you to get in touch with our team so that we can begin working directly with you to understand your problems and goals. From there, our attorneys will do everything possible to help you implement a strategy to collect on the funds to which you are owed.

If you have questions about business versus individual debt, contact our Albuquerque collections lawyers for answers and experienced legal help. We provide free initial consultations, accept credit cards, charge competitive rates, and speak Spanish. Call our law office at 505-243-0065 or contact us online .