Reasons why businesses need debt management policy

Reasons why businesses need debt management policy

Debt recovery activities are as crucial for businesses as their other business operations. To manage and handle debts effectively, businesses and organizations need to have an efficient debt management policy. In the following article, a lawyer from TNTP will discuss...
Is the business owner responsible for the company’s debts?

Is the business owner responsible for the company’s debts?

In business activities among enterprises, when the transaction parties are businesses, many people often think that the obligation to pay off debts is solely the responsibility of the company and does not extend to the personal liability of those managing the company....
Can the right to debt collection be assigned or not?

Can the right to debt collection be assigned or not?

The right to debt collection is an arising right between the debtor and the creditor in civil relations, in which the creditor has the right to demand payment from the debtor, and conversely, the debtor must repay the debt to the creditor. However, in some cases, the...