Located in central California is Stockton, which has been named an “All-America City” in 1999, 2004, 2015, and 2017. The city is located on the San Joaquin River and is the largest city in the San Joaquin County. As of 2020, Stockton’s resident population was more than 320,000.

Commercial Debt Collection Laws

Businesses struggling with commercial debt have a variety of specific debt collection laws established through the California state and local city government.

Both the legal and judgment interest rate is 10 percent, unless otherwise contracted. In addition, the civil penalty with bad check laws is the amount due, plus treble damages, and a minimum $100 and maximum $1,500 per bad check.

The Statute of Limitations for business debt cases in Stockton include:

• Open Accounts (reduced to writing): 4 years
• Open Accounts (no writing): 2 years
• Written Contracts: 4 years
• Domestic Judgments: 10 years (renewable at 10)
• Foreign Judgments: 10 years

Visit the California Laws page for more information on state’s commercial debt collection laws.

History of Stockton

Well before its incorporation into the United States, the area of Stockton was occupied by a branch of Northern Valley Yokuts Indians, otherwise known as the Yatchicumne. The Yatchicumne originally named the area Pasasimas, to which later became known as downtown Stockton.

When the California Gold Rush started in the 19th century, Europeans and Americans started to arrive in the Stockton area on their way to the gold fields. Later in the century, Stockton became home to thousands of Chinese people. In 1850, Stockton was officially incorporated into the US.

In the 20th century, Stockton became a hub for the railroad and military industries, largely thanks to World War I and II. By the start of the 21st century, some of the military depots had been either redeveloped as commercial property, or simply closed (e.g. Naval Reserve Center).

Stockton Economy

In part due to the California Gold Rush, Stockton was known as an agricultural community. In recent years, the city had diversified into other industries such as telecommunications, transportation, tourism, and manufacturing.

In the past 30 years, Stockton has increased in size with shopping districts, construction of revitalization projects, and was disproportionately affected by the 2007 subprime mortgage financial crisis. In 2012, Stockton became one of the largest US city to file for Chapter 9 bankruptcy protection, to which it eventually exited in 2015.

Contact Prestige Services, Inc.

For the fourth consecutive year, Prestige Services, Inc., has been named the best B2B Collection Agency of the year. Our exceptional services include free quotes, skip tracing, post-judgment collections, final-notice forms, and pre-collection services.

For more information on commercial debt collection laws in other states, visit our State Laws page.

If you’re interested in any B2B debt collection services with Prestige Services, Inc., contact us by phone at (800) 523-2797, by email, or by contact form.