In Chicago, construction projects in residential areas might seem like a simple matter of the owner deciding what he or she wants done, finding a contractor, negotiating a price and moving forward. However, that is not always the case as there could be neighborhood...
Month: December 2020
Document Retention: It’s Important!
A credit agreement is a contract. As such, you should retain the entire, original signed contract in your files, not just the signature page. I have noticed that some companies retain only the signature page of a credit agreement in their files. Often what happens is...
Are you getting a fair deal on your new home?
Purchasing a home may be the most significant investment you will ever make. As such, it’s important that you get a fair deal. No one wants to find out that they paid far too much for what they got. With that in mind, here are some tips for helping you reach a fair...
2020 has seen fewer foreclosures, but is that a good thing?
According to recent data, so far 2020 has seen fewer foreclosures than last year. November 2019 saw approximately 50,000 foreclosures. However, as of September 2020 only 10,000 homes were foreclosed upon. This should be good news for homeowners in Chicago, but this...
How to Collect Attorney Fees From A Debtor. Get Paid!
By Adam Whiteman, Commercial Collection Attorney The famed stage and film actor Will Rogers was fond of saying, “When you find yourself in a hole, quit digging”. This is the very reason why you may avoid taking steps to collect money for goods and services you have...
Proving Delivery As Part of a Collection Case
When you drop materials of at your customer’s warehouse or job site, take extra care to document the transaction and retain proofs of delivery. In a rush to get materials to a customer or job site, the drivers and warehouse workers may cut corners when it comes time...