Debt Collection

A – Z of Garnishee Proceedings Part 2

I ended Part 1 of A – Z of Garnishee Proceedings at the point where the garnishee order nisi is served by a court bailiff. You need to get the timing right when it comes to serving the order nisi. You will need good intel if the garnishee is a bank. By law, once you serve a garnishee order nisi on a person who you allege is holding money belonging to a judgment debtor, that order only attaches the money in the hands of that person AT THE DATE AND TIME THE ORDER IS SERVED ON THAT PERSON. Learn more of the A – Z of Garn...

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A – Z of Garnishee Proceedings Part 1

In my last article on 8 Ways to Locate Missing Debtors (hyperlink article), I talked about using garnishee proceedings as a last resort when all other efforts have failed to produce the debtor. Let’s walk through the process together.

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Debt Collection Strategy In Oil Facilities(for Oil Corporation)

We see this scenario all too often – were marked “net 30 days” and, for the entire shale boom, they were always paid timely or at least within the next month. But now your customers are asking for net 60, 90, even 120 day schedules, which your company simply cannot float. This is the reality […]

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