Creditors continue to struggle with debtors meeting their obligations. Creditors in this situation have rights to encourage repayment. Three collection options that are generally available include:
Are there legal remedies for a broken contract?
For most businesses, well-written contracts form the basis of a successful organization. Unfortunately, businesses often have to deal with parties - other businesses, suppliers, vendors - who have broken a contract. Fortunately, the legal process is designed to allow for several remedies to be reached under the law.
