What Can Be Done If Someone Failed to Pay Back A Loan?
When Someone Owes You Money, Legal Claims May Be Brought. Lien Rights May Also Be Available. Professional Assistance Can Help You to Review Your Rights.
Debt Law Involves Overdue Loans, Unpaid Accounts, Outstanding Judgments, and Writs or Liens
You are owed money for an unpaid loan or perhaps account balance due on an invoice for goods sold or services rendered. You have made demands for payment but there is little, if any, response. Perhaps you have even taken steps to engage rights such as a lien under the Repair and Storage Liens Act, R.S.O. 1990, c. R.25, among other laws. Debt disputes can often be resolved with a strongly worded letter threatening pending litigation; however, if the debtor remains avoidant, court action may become necessary and be brought.
In some matters, paralegals as litigators will work alongside a collection agency licensed in accordance to the Collection and Debt Settlement Act, R.S.O. 1990, c. C.14, among others skilled in the collection of debts including investigators, skip tracers, bailiffs, etc.
Learn More About Debt Law:
Matters involved in the trade of debts may include overdue credit accounts, private lending, bank loans, among many things. Essentially, anytime a person...Learn More
Delaying issuance of invoices may result in the loss of right to sue for unpaid accounts. Reasonably prompt issuance of an invoice is necessary to avoid...Learn More