A large number of businesses nowadays fail because of debts. When you cannot meet your debt obligations, running a profitable venture generally becomes impossible. Other than this, you might find your business facing a lawsuit from the creditors you owe. Instead of playing hide and seek with creditors, getting a civil litigation lawyer Toronto should be your first step. He/she is well-versed with your rights in this instance and will employ one of the following defenses for your creditor lawsuit.
Improper Service
This defense applies if you have not received a summons from the creditor on an overdue debt and a notice of legal action. Different jurisdictions have guidelines on the serving of summons for debt recovery. Some, for instance, require the summons to be personally handed to a defendant. Others will need a copy of the summons left with the person in your business premises and another mailed to the business’ address.
Mistaken Identity
Fraud is all too common in the business world nowadays. Someone might use your company name to get credit improperly or open a credit account in your business’ name. You should not be made to pay for his/her debt. Your civil litigation lawyer Toronto should nonetheless unquestionably establish the debts,in this case,were incurred without your knowledge.
Statute Of Limitations
Creditors have time limits within which they should file a lawsuit for debt recovery. This limit runs from the time of your last debt repayment in most states. You can use the statute of limitation defense if the period has expired without a creditor making any effort to claim payment.
Rules continually change. To this end, it is impossible to handle the specifics of the above defenses based on a few online articles and law books in your library. Getting a civil litigation lawyer Toronto to check the particulars of your case then handle the above defenses is your best choice for a favorable case outcome.
Powell Litigation 