JMA

OCTOBER 5, 2022

When a business operates on a credit model – where they provide their services or goods, prior to receiving a payment or a full payment, from their client – it. Read more » The post Should You Work with a Debt Collector or Lawyer to Recover Debts? appeared first on JMA Credit Control.

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Taurus Collect

JULY 19, 2022

They have the technical know-how, adequate experience, and skills to ensure fast recovery of payments. However, if you have enormous amounts pending in debts, say over £8,369,880, it is recommended to source your debts by hiring a lawyer. You can use our Late Payment Calculator to know your outstanding credit amount.

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Payment Savvy

MAY 5, 2021

Most people think that payment processing for law firms is a simple and straightforward process. Payments received must be deposited to a trust account. A trust account is a bank account used to receive payments received by clients or debtors. Trust Fund Payment Processing. All funds follow the same payment cycle.

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JMA

NOVEMBER 30, 2020

As a business owner, you may find yourself in the position where you are not receiving payments for goods or services, and this may be due to your debtor being unable to afford to make their payment, or quite possibly be a professional.

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Collection Agencies Collections Agency Lawyers Collections 52

Debt Recoveries

APRIL 14, 2020

You never know if you do not ask, so always start the negotiations by making it clear to the debtor that you want payment in full. Assuming you have already been down this track, consider a payment arrangement. A payment arrangement is a privilege and has many benefits for both parties. Then work down from there.

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Sawin & Shea

NOVEMBER 3, 2021

These payments made to some creditors over others can be considered preferential payments in bankruptcy cases. Bankruptcy Code on Preferential Payments. The code more specifically defines preferential payments to a non-insider as: payments made to a single creditor on a debt that existed prior to the time the payment was made.

Bankruptcy 52

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Sawin & Shea

NOVEMBER 3, 2021

These payments made to some creditors over others can be considered preferential payments in bankruptcy cases. Bankruptcy Code on Preferential Payments. The code more specifically defines preferential payments to a non-insider as: payments made to a single creditor on a debt that existed prior to the time the payment was made.

Bankruptcy 52

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Account Recovery

JULY 11, 2023

Collector Facing Class-Action for Sending Emails Before 8am Judge Grants MTD in FDCPA Case Over Settlement Offer in Letter Appeals Court Affirms Sanctions Against Collection Attorneys Who Sued Plaintiff’s Lawyers The Changing Payments Landscape WORTH NOTHING: Which cities in the United States have the most stressed residents?

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Collections Law

MAY 7, 2020

The ex parte bank attachment is also a powerful tool our collections lawyers use to collect post judgment. Our collections lawyers are always seeking avenues to get our clients paid as fast as possible. Rule 65 Injunction — There may be cases when a deadbeat debtor tries to hide their assets as means of avoiding their payment.

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Collections Law

FEBRUARY 9, 2024

In an economy where cash flow is a critical lifeline for any business, companies can find themselves at a crossroads if their customers or clients fail to satisfy their debts and follow through on their payment obligations. Our lawyers are well-versed in the Fair Debt Collection Practices Act (FDCPA). At Law Offices of Alan M.

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Mechanic’s Liens Collections Commercial Collection Lawyers 98

Collect More

NOVEMBER 12, 2023

There was no dispute and they had promised payment countless times to our client before we became involved. About 5 minutes later I received a call from their lawyer promising to pay the full amount that day. Lo and behold that day came and went with no payment received. The lawyer had also seemingly blocked all our numbers.

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Fraser

JUNE 23, 2020

PCORI PAYMENTS ARE BACK! Plan Sponsors of Applicable Self-Funded Health Plans Must Make PCORI Fee Payment By July 31, 2020. Form 720, as well as the attached Form 720-V to submit payment, must be used to report and pay the requisite PCORI fee to the IRS. Instructions are found here (see Part II, pages 8-9): [link].

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Sawin & Shea

MARCH 23, 2021

Are you behind on car payments? It halts collection efforts and gives you the opportunity to reorganize your debts, including vehicle payments, preventing the loan company from taking your car. In this situation, there’s not much you or your lawyer can do about it until the bankruptcy court grinds along in their process.

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Sawin & Shea

FEBRUARY 23, 2022

If you are in the Chapter 13 Bankruptcy process, you have a three-to-five-year reorganization payment plan. This plan will allow for one monthly payment to wrap up most types of debt and will provide you with automatic court protection from your creditors. What happens if you miss a payment in Chapter 13?

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Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. However, contact a bankruptcy lawyer if you have a complicated financial picture that may require significant financial reorganization.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Nexa Collect

MAY 23, 2022

A debt collection agency will almost always allow you to make payments in installments. Benefits of Paying in Full (in one lump sum payment). If you have cash available or can arrange it, then it is best to close the matter in one lump sum payment rather than dragging the matter. Should a borrower/debtor go for it or not?

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NCBA Law Practice Management Blog

NOVEMBER 19, 2019

Consumers want, and you can offer them, electronic payment processing, via credit or debit card. Some lawyers avoid electronic payment processing because of perceived ethics issues. But, perhaps the biggest reason for adopting electronic payment processing is that modern clients want it. But, by then, it may be too late.

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Collections Law

SEPTEMBER 24, 2020

One day after an account is due payment, have someone on your team reach out to the debtor via phone or email as a reminder of the outstanding invoice. The post How a Skilled Collections Lawyer Improves Your Odds of Commercial Debt Recovery appeared first on Boston, MA Debt Collection Attorney | Commercial Debt Collection.

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Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. As long as you keep up with repayment plan payments, you can avoid repossession or foreclosure. Your bankruptcy lawyer can negotiate lower balances or interest rates as well.

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Collections Law

SEPTEMBER 24, 2020

Always Keep Track of Open Accounts One day after an account is due payment, have someone on your team reach out to the debtor via phone or email as a reminder of the outstanding invoice. Pre-judgment security could include seeking ex parte attachments to attempt to seize the debtor’s bank accounts, real estate, and/or other assets.

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Debt Recovery Lawyers Collections Commercial Collection 40

Sawin & Shea

AUGUST 9, 2023

Asking yourself some questions may help bring clarity: How far behind am I on payments? Do I Need a Lawyer to File for Bankruptcy? While it’s perfectly legal to file on your own, the bankruptcy process and the laws governing it are complex, and you may be doing yourself a grave disservice if you choose not to hire a lawyer.

Bankruptcy 52

Bankruptcy Credit Card Debt Collateral Lawyers 52

Sawin & Shea

SEPTEMBER 21, 2022

One common question that filers have regarding the Chapter 13 process involves income increases and whether they affect payment plans. If you have further questions regarding filing for Chapter 13 bankruptcy, your best course of action may be to enlist the assistance of Chapter 13 bankruptcy lawyers.

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Chapter 13 bankruptcy Bankruptcy Unsecured Creditor Lawyers 94

Collections Law

NOVEMBER 19, 2023

Through collection methods available to us under Massachusetts law, our collection lawyers can turn a bounced check into cash for your company. While the personal liability will be limited to the amount of the bad check, we can demand payment and after the 30-day notice period, could file legal action to start a collection proceeding.

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Lawyers Debtor Banks Collections 52

Sawin & Shea

OCTOBER 27, 2021

If you’re struggling with medical debts, we encourage you to contact medical bill lawyers to go over options to make your medical debt more manageable. Some medical providers may set up a payment plan for you. If the medical debt has gone to lawsuit or a judgement against you, a payment plan is unlikely. Indiana’s Medical Debt.

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Chapter 13 bankruptcy Bankruptcy Unsecured Debt Lawyers 98

Sawin & Shea

FEBRUARY 21, 2024

A major benefit of Chapter 13 bankruptcy is that it allows the filer to catch up on missed mortgage, car loan, and other secured debt payments by incorporating them into the repayment plan. With no disposable income, you may still qualify for Chapter 13 bankruptcy with low or no plan payments. How Can a Bankruptcy Lawyer Help?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Repossession 52

NCBA Law Practice Management Blog

OCTOBER 15, 2023

Most lawyers who are billing hourly (which are still most lawyers) – and, even those who aren’t – continue to slavishly send out invoices at the beginning of every month, covering the fees accrued by clients for the prior month. That’s all well and good ; but, those fees can add up quickly.

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Sawin & Shea

FEBRUARY 9, 2022

Fortunately, the seven years includes the time in which you pay your chapter 13 repayment plan, so if you’re on a five-year payment plan, your bankruptcy will only remain on your credit report for an additional two years after you complete your plan. With regular, on-time payments, your score will improve.

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Chapter 13 bankruptcy Bankruptcy Lawyers Repossession 98

Collections Law

JANUARY 25, 2024

Our experienced collection lawyers at the Law Offices of Alan M. Should you choose to hire an attorney to help you collect your business debt, your lawyer will know exactly where to pick up the process. This can also include having suggestions for payment plans.

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Collections Lawyers Debtor Debt collector 52

UK debt collections

SEPTEMBER 2, 2021

Step 1: Your lawyer will send a formal demand letter to your debtor (‘la mise en demeure’). Your attorney will want to include the following: a formal demand of payment, a strict timeline as well as a written reminder of the amount due. Step 3: Your lawyer will file for an Interim Injunction Order from the Courts.

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Collections Debtor Lawyers Collection Agencies 79

Debt Recoveries

APRIL 16, 2023

A debt collector and lawyer who focuses on debt collection advises clients to pursue payment of their obligations as soon as possible since the longer they wait, the more difficult it will be to do so. However, unless they take on the case on a no-win, no-fee basis, lawyer must be compensated in any case.

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Collections Debt Recovery Debtor Debt collector 52

Troutman Sanders

APRIL 6, 2022

A Texas lawyer maintained an IOLTA deposit account at Cadence Bank. In 2014, a scammer emailed the lawyer, seeking his legal representation. When the lawyer agreed to the representation, the scammer informed him that the matter had settled, and the opposing party would mail the lawyer a cashier’s check for the settlement amount.

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Banks Lawyers Judgment Collections 52

FFGN COLLECT NY

DECEMBER 11, 2023

The Fair Debt Collection Practices Act will ensure you can collect client debt payments without violating the rights of the other party. As a debt collection attorney, explaining the situation and the potential consequences of non-payment is crucial. If the debtor cannot pay the full amount, arrange a more flexible payment term.

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Collections Debtor Fair Debt Collection Lawyers 52

Nexa Collect

JUNE 23, 2023

Negotiations and Payments : Some debtors might choose to negotiate with the collection agency. They might try to settle the debt for a lesser amount, or establish a payment plan that allows them to pay off the debt over time. This makes it harder for them to get loans, credit cards, or sometimes even jobs in the future.

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Collection Agencies Collections Agency Debtor Collections 100

Sawin & Shea

FEBRUARY 28, 2023

However, there are ways to prevent foreclosure, even if you can’t afford your mortgage payments. In this blog, we’ll share details about loan modification, who is eligible, how to obtain one to stop foreclosure, and how a lawyer for foreclosure can help. The process usually begins when you miss a mortgage payment.

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Sawin & Shea

MARCH 13, 2024

It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor. All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Troutman Sanders

DECEMBER 14, 2023

It focuses on entities subject to the Truth in Lending Act (TILA) and Regulation Z, such as depository institutions, credit card companies, and payment processors. They also discuss the potential of state attorneys general and plaintiffs’ lawyers using the rule for enforcement actions and litigation.

Banks 52

Banks Lawyers Financial services 52

Sawin & Shea

JULY 6, 2022

For example, you may sign a personal guarantee to secure a loan for your business, and if you fail to make payments, the lender can go after both the business and your personal funds because you’re liable through the written agreement. A personal guarantee loan is a signed agreement stating that you’re liable for a debt.

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