Nexa Collect

JUNE 19, 2020

These receivables are usually B2B accounts that require commercial debt collection. A collection agency with its three-step collection process can assist businesses to recover money in an amicable manner. Need a collections agency for your business: Contact us. Written Notices sent by a Collection Agency.

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Collection Agencies Collections Agency Collections Debt collector 130

Taurus Collect

MAY 24, 2022

Therefore, it is vital to have a robust debt collection strategy to enable you to stabilise your cash flow and acquire money from your debtors without hampering your business relationships. With regards to the recovery of debts, listed below are a few problems faced by the debt collecting agency: Oral contracts.

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Collection Agent Debt Recovery Collections Collateral 52

Sawin & Shea

NOVEMBER 15, 2023

In the case of a Chapter 7 bankruptcy , the court appoints a trustee who is in charge of selling off (liquidating) a debtor’s non-exempt assets. If a debtor has assets that are not protected under those statutes, the trustee can liquidate those items and use the proceeds to pay creditors back something. What is the difference?

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. Several member nations of the European Union have adopted this approach.

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Financial Institution Debtor Loans Collateral 105

The Kaplan Group

JUNE 23, 2020

Here are some tips for both debtors and creditors considering a payment plan as a way to resolve an issue. If you or someone you know is struggling with their personal financial situation, we recently published blogs for dealing with collection agencies and lower credit card limits. Are you offering collateral?

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Credit Counselor Bankruptcy Creditors Debtor 59

Collections Law

OCTOBER 5, 2020

When faced with this dilemma, don’t further waste your time and efforts chasing your debtor, spend your time making money and leave your bad debt recovery to the experienced and aggressive collections attorneys at the Law Offices of Alan M. The relentless collection lawyers at the Law Offices of Alan M. Cohen LLC. .

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Debt Recovery Debtor Judgment Collections 52

Collection Industry News

JUNE 8, 2023

Communication and negotiation: Begin by establishing open lines of communication with the debtor. Personal visits: If initial attempts fail, consider scheduling a personal meeting with the debtor. These actions can help secure the debt by leveraging their assets as collateral.

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Debt Recovery Debtor Collections Collateral 40