A civil lawsuit over unpaid debts can take years to be brought to a close and the costs and fees incurred to get there usually outweigh the time and effort. The result is that more often than not, debts are not pursued and are written off, leaving money on the table. Picture this. Your business …
When you’re dealing with a legal matter, you have enough going on without having to then explore all your options for resolving it. So let’s simplify it and utilize the following solutions dealing with financial disputes that include defaulted loans: arbitration, mediation, and litigation. Litigation: The Costly Road to (Hopefully) Positive Resolution Let’s start with …
Arbitration, Mediation, and Litigation: Which is Right for You? Read More »
Arbitration is one option for resolving financial disputes and an arbitration award is also legally binding but many people still ask how to enforce an arbitration award. With arbitration, an impartial arbitrator will decide who pays money, if any, and how much. An award acts as a judgment, and it is a legal determination of …
