The answer to this question varies based on the specific kind of debt that the creditor is trying to collect. The statute of limitations on debt collection in Arkansas refers to the time limit or deadline given to creditors for collecting debt through legal channels. The time limit, which is…
Continue ReadingEffective debt collection is integral to the financial health and viability of any business. Fortunately, when bills pile up because creditors can’t collect the money they’re owed, the law provides a range of rights, like the ones below, to help make certain that they recover the money they are entitled…
Continue ReadingIn Arkansas, when a civil case is resolved in court, there is a complex appeals process that is available under certain circumstances. While an appeal doesn’t retry the case or afford you a new trial, it can address any procedural errors that may have occurred – in addition to any…
Continue ReadingWhen a civil case goes to court in Colorado, the judgment entered by the court can be appealed. An appeal does not mean a retrial or a new trial but, instead, addresses alleged errors in the procedures employed in the original trial or in the judge’s or jury’s interpretation or…
Continue ReadingMany individuals and business owners who are considering entering a contract wonder whether they need legal counsel and review of the agreement. Absolutely, having your lawyer review your contract is a critical step in protecting your legal interests and ensuring that the terms are fair and favorable to you. Most…
Continue ReadingLender liability claims are among the most complex cases that all lenders will face at some point. These claims are brought against small and massive banks, private and commercial lenders, leasing companies, mortgage lenders, finance companies, and even retailers and auto dealers. Lender liability law provides strong protection for borrowers….
Continue ReadingColorado’s 2023 legislative sessions resulted in several changes to residential landlord-tenant laws, including changes in the process for tenant applications and screening. All property owners and management companies should be aware of the changes to ensure their application processes and lease agreements are in compliance with updated state laws. If…
Continue ReadingThe Financial Crimes Enforcement Network (FinCEN) is a Treasury Bureau with key requirements for many financial businesses. FinCEN regulations aim to prevent money laundering and other financial offenses. When necessary for a business, complying with FinCEN regulations is critical to avoid legal or even criminal consequences. Beginning January 1, 2024,…
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