Matthews Law Firm recently succeeded in satisfying a large judgment for one of its corporate clients. Specifically, we were able to obtain the identity of the Judgment Debtor’s largest customer and legally compelled the customer to pay over all accounts receivable owed to the Judgment Debtor until the Judgment was fully paid.
Working with his trial counsel and using several pre-judgment attachment enforcement methods, we recently assisted one of the founding shareholders of a successful private company attach over $1,300,000 from his former company before trial. Our client shareholder later prevailed at trial and, with the $1,300,000 already attached, was able to secure a very favorable settlement from the company and its other shareholders that will result in him being paid in full for his damages
Our client was owed approximately $135,000 by one of its customers who, before we were retained, had been making one excuse after another for non-payment. Once we became involved, our client’s customer almost immediately committed to a payment plan and paid the balance in full within 45 days. This was accomplished without the filing of a lawsuit.
On January 12, 2019, attorney Art Matthews presented a seminar on Judgment Collections Practice on behalf of the Orange County Bar Association. Mr. Matthews provided an overview of California’s Enforcement of Judgments law and discussed various collection techniques that creditors can utilize to collect monies owed to them.
We were recently retained by a client that places high-level tech workers. Our client was owed nearly $100,000 by one of its customers who had moved its operations overseas. We stepped in and using our 25+ years of commercial collections experience, helped the client collect the entire balance owed in only 30 or so days. This was accomplished without the filing of a lawsuit.
In one recent case that went to trial, we represented a manufacturer based in Hong Kong. In Kembo Knitting Factory, Ltd. v. J.T. Intimates, Inc., Los Angeles County Superior Court Case No. BC477317, our client filed a case against a former distributor that had failed to pay more than $140,000 due and owing. The distributor filed a cross complaint that sought over $700,000 in damages. Through our firm’s efforts, our client prevailed at trial on all claims and causes of action.
Our firm recently filed a lawsuit seeking damages for breach of contract and unfair business practices against a large financial institution. Through our efforts, we were able to secure a six figure settlement for our client. This is a substantial win for our client and our firm is proud that we were able to be a part of retaining justice in their case. Business matters can be complex and require the attention of a knowledgeable attorney who will understand how to go about seeking a positive resolution. If you are dealing with a business law matter, contact our office to set up a case evaluation.
For any number of reasons the decision may be made for a business to be dissolved. Sometimes this is voluntary and sometimes this is against great effort to avoid this outcome. It can be due to financial hardship when the success of the business has not always matched its expenses. It may also be an individual that is retiring because they are ready to move onto something new. Under state laws, dissolution can also take place if a principal or partner was involved in conduct that could prove damaging to the company. When partners want to go their own separate way, dissolution may be the right option. Just as starting and maintaining a business is a conquest, dissolving it can be challenging as well. It is best to turn this task over to a Los Angeles business lawyer that will be able to recognize all aspects of the company and take them into account when developing a plan.
While the company may be going out to of business, there are still finances and other factors on the line that need to be properly addressed. A business can be dissolved legally which will include a number of steps. Debts will need to be paid off so that the business does not end with owed expenses. Property and assets will also need to be sold and these can be used to pay towards the debts of the business. Cash will then be divided out to the shareholders in the company. Depending on the details of the situation and the reason for dissolution, these cases can vary in their difficulty. Just about any matter can benefit from the inclusion of an attorney and our firm handles these cases with excellence. Whether you and your partner no longer want to be in business together or you are going out of business, set up a consultation with our firm to get started on the dissolution process.