Debt Recovery Process: Legal Options and What to Expect
Introduction When unpaid debts begin to impact a business’s financial stability, pursuing legal avenues for debt recovery becomes necessary. Understanding the debt recovery process and knowing what to expect can help businesses and creditors take the right steps. This guide outlines the main legal options available for debt recovery and provides insights into each step. […]
Filing an Execution Petition: Key Steps and Requirements
Introduction: After winning a court judgment or obtaining a decree in a civil suit, the next critical step for a creditor is to ensure the judgment is enforced. This is where an execution petition comes into play. An execution petition is a formal request filed in court to enforce a decree when the debtor (or […]
