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 …
What happens if a judgment is issued against you? Read More »
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 …
Can attorneys use Brief’s online dispute resolution platform to file a debt claim? Read More »
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 …
How to recover debt without going to court in six easy steps Read More »
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 …
Online Dispute Resolution – Quick & affordable debt recovery Read More »
Online arbitration is a form of online dispute resolution (ODR) that allows commercial disputes to be settled exclusively online swiftly and at a cheaper cost than traditional arbitration or court litigation. Resolution of disputes involving certain debt is often overlooked and considered a non-starter or the collection cases are sold off for pennies on the …
A solid debt recovery strategy is crucial for banks. As a one-off, a defaulted loan at a bank is not ideal, but it is usually a tolerable loss. When many defaults are taken together, non-performing loans en masse can result in the proverbial death by a thousand cuts. In tenuous economic times, during this unprecedented pandemic, defaults …
How to Use Online Arbitration (ODR) as a Collection or Debt Recovery Strategy Read More »
