Who owes the money? What is it owed for? Where does the matter belong? When did the obligation arise or go into default? And why wasn’t it paid? Before a commercial collection claim can be effectively pursued, creditors need to have clear answers to these questions — and, just as importantly, documentation to support them.
In the eighth episode of our popular webinar series, Weltman Shareholder &
Commercial Collections Group Chair
Jim Kozelek will walk through the “5 W’s” of commercial collection claims and explain why each one matters.
The information provided at the beginning of a collection matter can help determine how a claim should be handled and what remedies may be available. Most importantly, it’s not just what you know — it’s what you can show. Having clear, documented support for the details of a claim can be critical before, during, and after the collection process.
Key Takeaways Include:
- What information and documentation can help establish who is legally responsible for a debt
- How the nature, location and timing of a claim can impact available remedies
- Why understanding the history behind an unpaid obligation can help identify and address potential disputes
About the Series: Weltman’s Webinar Series delivers year-round educational content, specific to creditors' rights throughout numerous focus areas. Join our key business leaders for these webinars to stay ahead of trends, changes, and updates throughout the world of collections.
