What is the real purpose of contracts? Anyone can shake hands to make a deal, so why write it down? Because a contract explains the rules of what happens when an agreement doesn’t go as planned. That “boilerplate” language that everyone glosses over, all of sudden becomes your “guidebook” as to how to proceed. […]
Arbitration
If a judgment is issued against you over a debt claim, your life can be impacted substantially because what was an uncollectable amount of money suddenly becomes a collectible amount of money, often with interest and attorney fees on top. In the past, judgments were only issued by the courts after a debt collection lawsuit
If agreed to by the parties in their underlying agreement, Arbitration Awards are legally binding, meaning that if one is issued against you, it is legally recognized and may be reduced to an enforceable judgment by the courts. Arbitration is a process that has been recognized as an alternative to litigation because it is typically
Can attorneys use Brief? Absolutely… just imagine a world where you, an attorney, do not have to go through the messy civil law court system to file a debt claim on behalf of your clients. In COVID times, the law courts are at a complete standstill, and the backlog of cases is getting bigger. Budget
No one wants to have a debt judgment issued against them and settling a debt claim is often quicker and more effective than waiting for an arbitration award or civil court judgment. Debt is a strange animal and there could be many reasons why people have not followed up on their legal obligations to repay
A Civil debt lawsuit is filed in local courts when there is a dispute between people or businesses over default of payment. Filing a lawsuit is expensive, time-consuming, and stressful. The process goes through various tedious stages and can take years to be brought to a resolution, often resulting in a return of pennies to
The Covid-19 Pandemic has been raging for 18 months now and while vaccination rollouts are bringing some semblance of normality back, it is clear that people are turning to online solutions in ever increasing numbers. J.P Morgan and other analyst firms have published studies which show that amongst other activities, people are increasingly shopping, seeking
The ability to recover debt without going to court is now a reality. Traditional litigation in a local courthouse is often not worth the money spent and can take months, if not years. With over $645 billion spent in the US every year on litigation and 7.2 million new cases registered annually, it is no wonder
An alternative to costly and time consuming courtroom litigation to recover commercial debt is through online dispute resolution. Courts are the traditional means for lenders to enforce and recover unpaid debts. The problem that many businesses face is that litigation (or even traditional arbitration) is expensive and time consuming. Often, the cost and effort spent