What other creditors rights may be available?

To the extent you are holding money or property of a customer who owes your business money, you may have “set off” rights, allowing you to take that money or property and apply it to your customer’s delinquent account.  A common example of a set off is when a debtor has a mortgage or other personal loan with a bank where the debtor also has a checking account.  If the customer defaults on the personal loan with the bank, the bank may, without notice, take money from the checking account and apply it toward the personal loan.  For assistance with collections, contact Sonia J. Buck.