Collecting as a Subcontractor: Tips You Need to Know
One of the most common types of collection matters our firm sees is subcontractors who aren’t getting paid on a job. If you work as a sub, knowing who you can collect from, what collection tools are available to you, and taking care to reduce disputes can make a big difference in your bottom line.
Collecting from General Contractor
1) Get it in writing. If you are hired by general contractor to work on a project, you need to have a written agreement for your services […]
Up to $15,000 in most cases
Conciliation court, also called “Small Claims” court, can be an inexpensive and simple way to convert collectibles into judgments. Beginning August 1st, conciliation plaintiffs will be able to claim up to $15,000 in most cases. For plaintiffs in consumer credit matters, the maximum claim will remain at $4,000.00. See Minnesota Statutes § 491A.01, subd. 3a.
Conciliation court is a less expensive and less formal type of court in which parties generally appear without an attorney. Individuals are allowed to represent […]
E-statements? Be sure to make a record of your accounts!
If you’re like me, you probably have most of your financial, insurance, and other accounts set to provide statements and communications to you electronically, rather than in paper statements. This is a great way to reduce clutter, allow access to those items from anywhere, and reduce your environmental footprint.
The problem with using electronic statements is that, when a person passes away, surviving family members may be unaware of the existence or provider of those accounts. In the past, family members could simply check the mail […]