Have you created a list of assets owned by your debtor?
Are you prepared to fight for every dime you’re owed?
Are you well aware of things that can complicate your claim?
You have many factors to consider that can potentially weigh against proceeding with execution. Possible concerns include:
- How the property is owned. If the property is owned by more than one person, you may only be entitled to a portion of the value, or nothing at all.
- Tax liens and secured creditors. Prior lien holders have priority over the assets you seize, meaning they must be paid first out of the sale proceeds.
- Special rules may apply. Restrictions apply to execution against the assets of cities, townships, school districts, and states.
- Practical considerations. Avoid spending more on the process than what you’re going to get out of it, because you’ll get stuck with the bill.
Attorneys for Debt Collection in Michigan Fight for Your Creditors’ Rights!
If you’re a business owner, you should be spending your time conducting business rather than chasing down debts. Contact an experienced attorney for debt collection in Michigan today at (248) 645-2440 for a resolution to your collection matters. Let the experts worry so you have more time to focus on growing your business.
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