What are Nonjudicial Creditors Remedies?
An attorney with experience in debtor-creditor law can advise both creditors and debtors about their rights and remedies with respect to overdue debts and help them maintain their financial integrity. When a debtor fails to pay his or her debts in a timely fashion, the person or business to which the debt is owed has several available remedies to help collect the money. Although there are formal creditors’ remedies that involve the courts, some methods do not require court involvement and are often referred to as self-help remedies.
