1. Improve Your Debt Collections – It’s common for small business owners to run into cash flow problems when they need to pay trade partners but haven’t yet been paid by customers. Work on a collections process that’s consistent and clear, and become proactive with debt collection.

 

This article from SmallBizDaily (Sourced through Scoop.it) summarizes options when facing cash flow challenges.  We would like to offer additional information on the fourth point they mentioned, “Improve Your Debt Collections”.

Compared to many states, the State of Georgia is a good state for creditors in terms of collecting on past due accounts. Georgia has many creditors rights laws that will allow the Plaintiff in a Collection Law Suit to choose many different paths for satisfying the delinquency. No matter the type of business, whether it be a supplier of goods, medical office, Insurance Company, Architect, Concrete Supplier, Manufacturer, Roofer, Cabinet Supplier, Advertising Company, or Contractor of any kind, you have many avenues to pursue your debt.

Read our article that summarizes the importance of Moving ahead of other creditors AND Post Judgment Remedies

If you decide your best recourse is legal action, it’s important that you contact an experienced law firm that has a team with specialized debt collection experience.  The Law Firm of Howe & Associates has a proven track record of successfully representing businesses in recovering debts.   Watch what one of clients has to say about our process and our team.