Law Offices of Andrew Ritholz

01/22/2025

Whether it is initial financing, a capital infusion, or outstanding accounts receivable, many companies take on debt. According to data from the Federal Reserve Bank of St. Louis, there is well over $1 trillion in outstanding commercial debt in the United States.

Commercial debt collection can be especially complicated. For businesses collecting on debt, a well-tailored strategy is a must. In this article, our Los Angeles debt collection lawyer provides a comprehensive overview of the key things to know about commercial debt collection.

Commercial debt collection is the process of recovering an unpaid debt that is owed by a business or organization.

12/11/2024

In the complex world of business litigation, timing is everything. One of the most critical factors in determining the viability of a legal claim is the statute of limitations—the period within which a lawsuit must be filed. Once this window of time closes, legal remedies may no longer be available, no matter how strong the underlying claim might be. For businesses seeking to protect their rights or defend against lawsuits, understanding the statute of limitations is crucial to developing a sound legal strategy.

Learn more below.

In business litigation, the statute of limitations plays a pivotal role in shaping legal strategies and outcomes.

11/05/2024

Contracts matter. Many significant commercial transactions are based on a contract. When one party fails to uphold their obligations under the bargain-for agreement, they may be held liable on the grounds of breach of contract. What do you need to prove in a breach claim? What remedies are available? Our Pasadena breach of contract attorney answers these questions by providing a comprehensive overview of the elements and remedies for breach of contract claims in California.

A breach of contract occurs when “a party who entered a contract fails to perform their promised obligations.”

10/23/2024

Are you attempting to collect on an outstanding debt? A proactive approach is key. At the Law Offices of Andrew Ritholz, we have extensive experience helping our clients secure the greatest possible financial recovery. In this article, our California debt collection attorney highlights some of the most effective strategies for recovering outstanding debt.

Are you attempting to collect on an outstanding debt? A proactive approach is key. Here are some effective strategies to consider.

09/17/2024

A personal injury claim is a civil cause of action initiated by a person (victim) who has suffered harm due to another’s negligence or intentional wrongdoing. It is a legal process that allows the injured victims to seek compensation for losses—including medical expenses, lost wages, and pain and suffering. Unlike criminal cases, which are prosecuted by the state, personal injury claims are pursued by the victims through civil court proceedings. A personal injury is generally brought against the insurance company of the defendant. A personal injury lawsuit is filed if a settlement cannot be reached. While most personal injury cases are settled without a trial, litigation is possible.

https://ritholzlaw.com/understanding-personal-injury-claims-and-accident-injuries/

08/06/2024

A business could end up in a commercial dispute for a wide range of different reasons. You may be dealing with a conflict with a vendor, supplier, employee, customer/client, or even a business partner. That you are locked in a dispute does not mean that you end up in protracted litigation—even if a lawsuit has been threatened or already filed. There are non-litigation solutions that can be effective alternatives to business disputes. Here, our Los Angeles business lawyer highlights some potential alternatives to litigations for resolving commercial disputes in California.

There are non-litigation solutions that can be effective alternatives to business disputes, including negotiation, arbitration, and mediation.

07/05/2024

When a debtor owes a creditor money, there are many ways in which a creditor can collect what they owe. One of the most common methods is through a bank levy; however, a single levy does not always collect the full amount of a loan. At the Law Offices of Andrew Ritholz, our California bank levy lawyers can assist in the collection of unpaid debt through the use of bank levies and other methods. To learn more, call or contact our Los Angeles offices today to schedule a case consultation.

One common way a creditor can collect what is owed to them is through a bank levy. However it may not collect it all. Learn more here.

07/01/2024

Business relationships can go sour for a variety of reasons, and sometimes it is no one’s fault; the business projects that become profitable and remain that way are the exception to the rule. When one party intentionally causes financial harm to the other in a business relationship, the party that has suffered financial losses because of the other’s actions can sue the party that caused the losses. In some cases, the court can award you even more money than the amount that you lost because of the tortfeasor’s actions. If you have emerged from a business dispute in a worse financial position than you started, and it was not a simple case of difference of opinion among business partners or of economic circumstances beyond your control, you could have grounds to sue a former employee or business associate for breach of fiduciary duty. The first step is to contact a Pasadena breach of fiduciary duty and business law attorney.

Can you claim punitive damages for breach of fiduciary duty? What is fiduciary duty in California? Learn more in our latest blog.

05/05/2024

A company could end up in a legal dispute for a wide range of reasons. In some cases, a dispute with another party—whether customer, partner, or competitor—could end up in court. At the Law Offices of Andrew Ritholz, we have extensive experience helping clients navigate complex business litigation cases.

Learn more below.

Business litigation cases include breach of contract, debt collection, partnership disputes, shareholder disputes, and more.

04/08/2024

The loss of a loved one to a fatal accident is heartbreaking and soul-wrenching. Although nothing could ever truly make up for such a tragic loss, the California wrongful death claims process is a path for families to get justice, accountability, financial support, and some degree of closure. Learn more below.

https://ritholzlaw.com/pursuing-justice-in-wrongful-death-cases/

04/04/2024

Are you attempting to collect on an outstanding debt? A proactive approach is key. At the Law Offices of Andrew Ritholz, we have extensive experience helping our clients secure the greatest possible financial recovery.

Are you attempting to collect on an outstanding debt? A proactive approach is key. Here are some effective strategies to consider.

04/04/2024

Slips, trips, and falls can cause serious injuries. The National Floor Safety Institute reports that more than one million people seek professional medical support for slip and fall accidents in the U.S. each year. Many of these types of accidents happen in commercial settings.

In California, a business can be held legally responsible for a slip and fall on its premises—but only if the victim can prove its liability.