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How New York State’s 2024 Plan Will Affect Debt Collection

FFGN COLLECT NY

On Tuesday, January 9, New York Governor Kathy Hochul delivered the 2024 State of the State address, discussing certain changes that will affect debt collection within the state. The government will look to stop these exploitative tactics and more. The government will look to stop these exploitative tactics and more.

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What Really Happens When Your Bill Goes Into Collections

Taurus Collect

Your bill goes into collections when you fail to pay it within a certain period of time. Once your bill is in collections, you’ll be contacted by a collection agency , which will try to collect the outstanding amount. If you still don’t pay, the debt may be sold to a third-party collection agency.

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How Credit Card Debt Collection Works

Taurus Collect

It’s important to understand how credit card debt collection works so that you can find the best way for your individual situation. Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor.

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Importance Of Outsourcing Debt Collection Services

Taurus Collect

Navigating the intricate world of debt collection can be a challenging task for businesses of all sizes. That’s why outsourcing debt collection services , particularly in key areas such as Manchester, can be the game-changer your business needs. Failure to adhere to these can lead to lawsuits and damage business reputation.

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Bankruptcy and Your Job

Sawin & Shea

There are two circumstances in which your employer could find out about your Chapter 7 bankruptcy: In a Chapter 7 bankruptcy, your employer would know only if you were already having your wages garnished by creditors (called wage attachment). Again, this does not mean that you will lose your job. We are here to help.

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The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. During an automatic stay, all parties or entities mentioned above are prohibited from collecting on debts you incurred before filing for bankruptcy.

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The Automatic Stay and Bankruptcy

Sawin & Shea

Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them. During an automatic stay, all parties or entities mentioned above are prohibited from collecting on debts you incurred before filing for bankruptcy.