Toll Free: 800-645-2911
StachlerHarmon
Phone: 937-608-9398
Focused and Effective Representation

Understand how your company can retrieve unpaid debts

Small- and medium-sized companies are generally highly dependent on having a healthy cash flow. This means that making sure that you are being paid by customers in a timely manner is highly important for the success of your company.

If you are struggling because a customer has not paid you for a service or product that you provided, it is important that you take action in order to address the situation. As the creditor, you have certain rights, but you also have some limitations. It is important that you understand these so that you can take the appropriate action. This will help you to successfully retrieve the debt in the state of Ohio.

What should be the first steps after a debt is not paid?

It's probably not necessary to get the courts involved immediately after you learn that the debt has not been paid. Instead, you should try calmly and professionally getting in touch with your customer. The Fair Debt Collection Practices Act (FDCPA) demands that creditors are not abusive when attempting to retrieve their debts; therefore, it is vital that you keep within these guidelines.

When should I get the courts involved?

You may have the right to repossess the property owed if you engaged in a secured transaction. However, if this is not the case, you may instead want to sue the debtor in order to gain back the debt.

If your business has not been paid by a customer, it is important that you learn more about the law so that your company does not suffer as a result.

No Comments

Leave a comment
Comment Information
  • Ohio State Bar Association | Connect.Advance.Succeed
  • Federal Bar Association | ORG Jan 5th 1920
  • Dayton Bar Association 1883
  • Super Lawyers
Email Us For A Response

Tell Us About Your Legal Need

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

7810 McEwen Road, Suite B Dayton, OH 45459 Toll Free: 800-645-2911 Phone: 937-608-9398 Fax: 937-461-5981 Dayton Law Office Map

Review Us