Taurus Collect

JANUARY 10, 2024

Navigating the labyrinth of commercial debt collection laws in the UK can be daunting for businesses. This blog post aims to shed light on UK commercial debt collection laws and regulations. The Fair Trading Act : This law prevents businesses from using unfair tactics when they are collecting debts.

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UK debt collections

OCTOBER 15, 2021

New figures released show that Small Business Debt Collection is needed more than ever. Small Business Debt Collection action. Very often Small Business owners can be fearful of utilising a Debt Collection Agency as it may alienate their non paying customer, it shouldn’t be that way.

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Collection Industry News

MARCH 8, 2021

(Bloomberg) — The Down Town Association, the oldest social club in lower Manhattan and a former haven for New York and national power brokers, has filed for bankruptcy. million in debt, most of which is owed to landlord Great Empire Realty, according to its bankruptcy petition filed Thursday in New York.

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Troutman Sanders

APRIL 14, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy.

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Collection Industry News

APRIL 18, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy.

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Collection Industry News

DECEMBER 27, 2022

This bestseller by Marketdata examines the $15 billion business of debt collection agencies. Collections is a fragmented business of 3,200 mostly small firms. Collections is moving off-shore and the outsourced IRS debt market has grown. The study examines consumer debt and bankruptcy trends, major market segments and more.

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PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. What made you decide to focus your practice in financial services and more specifically in the debt collection industry? Our law firm employed a paralegal who was related to the president of a local collection agency. It was really by accident.

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UK debt collections

FEBRUARY 21, 2024

Debt ridden TV celebrity Katie Price has been hit by another devastating blow amid her battle with bankruptcy, as her beloved horse has reportedly been taken away by bailiffs. ’ Last month, Katie dodged a bankruptcy court hearing for the sixth time over a £3.2million debt repayment.

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True Accord

JUNE 29, 2023

Let’s take a look at how the new updates to GLBA Safeguards Rule, how these security policies are important specifically for debt collection, and what best practices your business should follow to protect consumers’ data. It is not unusual for a company to file bankruptcy after a data breach.

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UK debt collections

APRIL 11, 2024

Rebecca Dacre, Partner at Mazars said “We are unlikely to see the retail sector trading comfortably until interest rates start to fall. When a retailer becomes insolvent, it may lead to bankruptcy or administration, which is when an external administrator takes over the management of the company.

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UK debt collections

DECEMBER 15, 2022

A bankruptcy order was made against the MP at a hearing in the Insolvency and Companies Court on Tuesday. “I shall make a bankruptcy order. The bankruptcy order does not mean Mr Afriyie has to step down as an MP. He stood down from that role when the UK-Ghana bilateral trade deal was secured.

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UK debt collections

JANUARY 31, 2024

.’ Mark Ford, a restructuring partner at Evelyn Partners, said: ‘It’s a stark reminder that, while in terms of interest rates and prices the general feeling might be that the worst is over, the trading environment for businesses in the UK remains pretty onerous.’ Last year 53.7 in 2022, it said.

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Troutman Sanders

JULY 17, 2023

Deceptive advertisements, market manipulation, misappropriation of customer funds, and “Ask Me Anything (AMA)” sessions served as the catalysts of a civil enforcement action the Federal Trade Commission (FTC) recently filed against bankrupt digital asset services provider Celsius Network LLC (Celsius) and its co-founders on July 13.

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Titan Consulting

SEPTEMBER 22, 2020

All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. Consumers in need of debt relief have three primary options to reduce their debt: credit counseling, debt settlement, or bankruptcy.

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UK debt collections

NOVEMBER 16, 2023

The personal insolvencies consisted of 703 bankruptcies, 3,245 debt relief orders (DROs) and 5,933 individual voluntary arrangements (IVAs). DRO and bankruptcy numbers were higher than last year, with DROs in October 2023 being 71% higher than in October 2022, although the number of bankruptcies remained well below pre-2020 levels.

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UK debt collections

FEBRUARY 14, 2022

The debt was accrued by her company Jordan Trading Ltd, which was first set up in 2003. The company traded in her perfume and make-up lines. Katie Price and her companies have been the subject of many debt collection agency actions over the years. 43 year old Katie Price was declared bankrupt in 2019.

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UK debt collections

APRIL 21, 2022

David Godderidge applied for his own bankruptcy in October 2021 and declared himself as a self-employed roofer. Due to the risk he posed to other creditors, the Official Receiver sought to extend David Godderidge’s bankruptcy restrictions. The company received in total a further £32,500 in loans which it was not entitled to.

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Loans Bankruptcy Financial Institution Creditors 84

ABI

JANUARY 25, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff Section 363 of title 11 of the United States Code (the “Bankruptcy Code”) allows a debtor to sell its bankruptcy assets free and clear of liens and interests only if certain circumstances are met. [1] Jae Hwang St. 22] [1] See 11 U.S.C. §

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In the Red

JANUARY 22, 2018

When it comes to decisions on bankruptcy and trademark licenses, the In re Tempnology LLC bankruptcy case is the gift that keeps on giving. Following Tempnology’s rejection of an agreement containing a trademark licensee, the New Hampshire Bankruptcy Court ruled that the licensee could no longer use the licensed trademarks.

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UK debt collections

MARCH 31, 2021

Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by the Insolvency Service. The company sold student accommodation in Bristol off-plan and collected more than £7.7m million taken from investors for student accommodation never completed.

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ABI

JANUARY 22, 2023

John's University School of Law American Bankruptcy Institute Law Review Staff In In re PG&E Corp. , filed for chapter 11 bankruptcy due to the potential liabilities they were facing following the California wildfires. [2] 1] In January 2019, PG&E Corp. 2] In addition to the wildfire related claims, PG&E Corp.

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Debt Recoveries

JUNE 11, 2023

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. To guarantee that everyone is on the same page with regard to payment expectations, clearly explain these terms to your consumers through written agreements or terms of trade documentation. or 1300 799 511.

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UK debt collections

MAY 17, 2022

The executive agency, which provides information on bankruptcy , redundancy, paying off debts, company insolvency and misconduct of trading companies and partnerships, will close 11 of its 20 local offices in England over the next five years. The trade union is encouraging people to write to their local MPs to oppose the closures.

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ABI

JANUARY 23, 2024

John’s University School of Law American Bankruptcy Institute Law Review Staff The Bankruptcy Court for the Southern District of New York was presented with two issues related to a subpoena target’s refusal to comply in In re Three Arrows Capital, Ltd. Tayler Eynon St. 2] Three Arrows Capital, Ltd. 2] Three Arrows Capital, Ltd. (“the

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UK debt collections

OCTOBER 14, 2021

The financial impacts from COVID is forcing many SME’s into bankruptcy. Over 50,000 SME’s cease trading every year due to this issue and the pandemic is fuelling a worsening of this, resulting in untold damage to the entire UK economy. Using a Professional Debt Collection Agency as a partner is viewed by many as essential.

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The Kaplan Group

SEPTEMBER 21, 2020

From personal events like weddings to trade shows, Covid-19 has hit the event industry hard. For some businesses, an annual trade show is where they make most of their sales. As in many bankruptcy cases, getting a judgement is no guarantee that you will actually receive money. A collection agency might be able to help.

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Nexa Collect

JULY 1, 2020

If your name changes or has variations, make sure that you’re consistently using your official name and that you notify the three credit bureaus of any changes as soon as possible. You may have paid your debt to a collection agency, but they still reported it by mistake. Same debt listed twice or incorrect balances.

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Collection Industry News

APRIL 27, 2023

The largest state bank trade group in the country is suing the Consumer Financial Protection Bureau to block the rollout of a new data collection requirement. The post Texas Bankers sue CFPB over small business lending data rule appeared first on Collection Industry News.

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Credit Corp

AUGUST 23, 2021

Recently opened bank revolving trades. Revolving trades refers to revolving credit accounts. Derogatory public record or collection filed. Collections accounts, bankruptcies, foreclosures, and repossessions are all examples of negative public records that could impact your score. Card Details +.

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Lender Loans Personal loans Trade 104

True Accord

AUGUST 11, 2022

August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures.

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Acquisition Debt Recovery Education Student loans 61

Troutman Sanders

FEBRUARY 3, 2023

The plaintiffs sued for violations of the Florida Consumer Collection Practices Act (FCCPA) and the FCRA. The plaintiffs disputed this information with the CRA, but the dispute did not result in a change in how the loan was reported.

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Troutman Sanders

DECEMBER 5, 2022

On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt. To read Emmer’s letter, click here.

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UK debt collections

MAY 4, 2021

Commenting on these latest insolvency statistics is Eleanor Temple of Insolvency trade body R3. First, they need to keep a careful eye on their cash-flow levels to ensure they don’t fall into the trap of over-trading. These provides England & Wales corporate and individual insolvency statistics, which were released yesterday.

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Troutman Sanders

OCTOBER 4, 2022

Federal Activities: On September 30, the Commodity Futures Trading Commission (CFTC) filed an enforcement action against crypto futures and spot market exchange Digitex and its founder and CEO Adam Todd. On September 29, an independent examiner was appointed in the Celsius bankruptcy case. State Activities. and Cryptobontix, Inc.

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Consumer Financial Services Law

JANUARY 22, 2021

Enloe On December 18, 2020, the CFPB published the remainder of its Final Debt Collection Rule (the “Rule”) highlighting its crown jewel - the provisions centering around debt validation notices. of the Rule prohibits legal actions or threats of legal actions against a consumer to collect time-barred debts. By Caren D. Section 1006.2(c)

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Collection Industry News

JUNE 27, 2023

. “In the past several months, we’ve seen the biggest bank failures since the 2008 financial crisis,” Berger told 650 credit union executives Wednesday at the trade group’s annual conference in Long Beach, California. “The causes can be traced to greedy, profit-seeking bank executives.

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UK debt collections

JUNE 10, 2022

It is claimed that Office workers at the online brand have stopped answering the phones as angry suppliers and debt collection agencies continually call demanding payment, a source within the company claims. My mum’s jewellery, which she’s collected over 30 to 40 years, we had to sell that.

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