Business debt collection
Business debt collection or commercial debt is defined as any debt that a business or commercial enterprise has. It is common for most small businesses to accumulate extensive business debt in the first year. Commercial debt is typically used to finance commercial expenses, asset acquisitions, and improvements.
If you are dealing with a business debt collection at your company, know that you have rights. Look for a small business lawyer to advise you on how to act in debt collection situations.
During the debt collection process, the debtor and the creditor have certain rights specifically defined. The law forbids some practices. A creditor collecting a debt usually has different requests during the recovery process.
If you are dealing with a business debt collection, call us today!
Small Business Lawyer
At Juzkiw Law Firm, our small business lawyer will help you negotiate with creditors to waive part of the debt. If you are dealing with a business debt collection, call us today – 416-221-2221