This is a collaborative post. If you’re facing a debt collection lawsuit, you’re likely feeling a great deal of stress and uncertainty about what the future holds. It’s important to understand that if the creditor or collector obtains a default judgment against your business, you’ll lose the lawsuit without ever having had a chance to defend yourself. What does this mean for your business? How do you make the most of your money? In short, it means that your company will be required to pay the plaintiff the full amount of the judgment, which may include the original debt plus …
Tag: