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Commercial Collection Related Topics 
Account Recovery
DECEMBER 17, 2021
At each CCA of … The post Commercial Collection Agencies of America Gives Back appeared first on AccountsRecovery.net. General News Commercial Collection Agencies of America Press Release
Account Recovery
JANUARY 7, 2022
Commercial Collection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc.,
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The Kaplan Group
FEBRUARY 21, 2022
It may be time to consider hiring a commercial collection agency. We’ve spent a lot of time on this blog discussing: Turning debt over to a collection agency Choosing the right collection agency for your business Innovative steps for protecting your business now and in the future.
Account Recovery
SEPTEMBER 14, 2021
Facebook announced last week a new plan that it will launch in October to help small businesses collect on unpaid invoices, perhaps setting up an eventual entry into consumer debt collections as well. Is Consumer Collections Next?
Collections Law
DECEMBER 14, 2021
Once you win your judgment case against someone who owes you money, you should be able to collect on your judgment and move on with your life. As experienced commercial collection attorneys at Law Offices of Alan M. Can it work with other methods of collection?
Collection Industry News
DECEMBER 16, 2021
December 15, 2021-Chicago-Commercial Collection Agencies of America announced that through its. initiative, Commercial Collection Agencies of America Gives Back, a portion of the proceeds of its. In addition to 4KIDS, Commercial Collection Agencies of America has also been fortunate to donate a. For more information or to locate a certified commercial collection.
Collection Industry News
DECEMBER 21, 2020
— Commercial Collection Agencies of America recently announced that through its initiative, Commercial Collection Agencies of America Gives Back , a portion of the proceeds of its virtual annual meeting has been given to Mental Health Advocates of WNY, formerly known as the Mental Health Association of Erie, New York. About Commercial Collection Agencies of America. CHICAGO, Ill.
The McHughes Law Firm
JUNE 22, 2016
In today’s volatile marketplace, the existence of a personal guarantee may provide the only viable basis for collecting outstanding receivables from a corporate obligor experiencing financial difficulty. Guarantees can be classified as being either guarantees of payment or guarantees of collection, and the distinction is important to recognize. A provision for the recovery of collection expenses and attorney’s fees should be inserted. DEBT COLLECTION
Jimerson Firm
MARCH 12, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsIn Florida, foreclosure actions must be brought in the county where the land is located. This is typically referred to as the “local action rule.”
Jimerson Firm
DECEMBER 8, 2020
Banking & Financial Services Industry Blog Creditors Rights and Commercial CollectionsThe Florida Supreme Court has published the proper form to use when seeking a final judgment of foreclosure: Form 1.996(a), Final Judgment of Foreclosure (8-18-20).
Jimerson Firm
FEBRUARY 15, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsIn Florida, mortgage foreclosure lawsuits are filed in the county where the property is located.
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Jimerson Firm
JANUARY 28, 2021
Collecting the Deficiency Judgment. When the lender receives a deficiency judgment from the court, it can proceed to collect on that judgment against the borrower using conventional collection methods.
Jimerson Firm
DECEMBER 15, 2020
As discussed in parts 1-4 of this series, lenders have several options prior to instituting a commercial foreclosure action. This article discusses the appointment of receivers during the commercial foreclosure action and provides considerations for whether to seek appointment of a receiver.
Jimerson Firm
FEBRUARY 18, 2021
Banking & Financial Services Industry Legal Blog Banking and Lender Liability Law Creditors Rights and Commercial Collections
Jimerson Firm
JANUARY 27, 2021
The compromise amount must bear a reasonable relationship to the amount that could be recovered in a reasonable amount of time through enforced collection proceedings, and it must be sufficient to protect the integrity of the SBA program.
Jimerson Firm
OCTOBER 9, 2020
Banking & Financial Services Industry Blog Creditors Rights and Commercial Collections
Jimerson Firm
DECEMBER 30, 2020
In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan.
Jimerson Firm
FEBRUARY 3, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsIn Florida, lenders may find themselves foreclosing on real property with a mobile home attached to the land.
Jimerson Firm
JANUARY 14, 2021
The first half of this series evaluated options available to lenders prior to instituting a commercial foreclosure action. Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties. Part 5: Commercial Foreclosures 101.
Jimerson Firm
NOVEMBER 13, 2020
Lenders must give careful consideration on choosing this method because it may (unless otherwise negotiated in the written agreement) lose the right to collect any deficiency, and the property will remain subject to any existing liens.
Jimerson Firm
JANUARY 20, 2021
The court strongly encourages that lenders, whether private lenders, commercial institutions, or mortgage servicing companies, enter the mediation process with their borrowers before filing a foreclosure lawsuit.
Jimerson Firm
SEPTEMBER 22, 2020
Additionally, during a foreclosure action, the lender/mortgagee can request the borrower/mortgagor to deposit the collected rents into the registry of the court or in such other depository as designated by the court. §697.07(4). Losing the Right to Collect Rents: Junior Foreclosure Sales.
Jimerson Firm
AUGUST 24, 2020
Banking & Financial Services Industry Blog Creditors Rights and Commercial Collections
Jimerson Firm
NOVEMBER 23, 2020
A secured creditor fulfills this notice requirement by conducting a search using commercial reasonable methods between 20 and 30 days before the sale, and sending notice to those secured creditors identified in the search. Collection of Accounts Receivable.
Jimerson Firm
SEPTEMBER 28, 2020
Banking & Financial Services Industry Blog Creditors Rights and Commercial CollectionsA residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court.
Jimerson Firm
OCTOBER 22, 2020
Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Practically speaking, a commercial foreclosure action proceeds much the same as other civil actions.
Jimerson Firm
AUGUST 7, 2020
On July 1, 2020, the Uniform Commercial Real Estate Receivership Act (“Act”) became law in Florida as part of the newly created Chapter 714 of the Florida Statutes. sell, lease, license, exchange, collect, or otherwise dispose of receivership property.” § 714.02(14),
Jimerson Firm
JULY 30, 2020
With commercial loans, typically the loan documents will include an acceleration clause, which allows the lender to accelerate all or most of the remaining amounts due under the loan. Personal guaranties offer lenders additional tools when seeking to collect on defaulted loans.
Jimerson Firm
JULY 15, 2020
Generally, a commercial landlord does not have a duty to mitigate or reduce its damages after a tenant breaches the commercial lease agreement. However, there is an exception where the commercial landlord retakes possession of the premises for the benefit of the tenant.
Jimerson Firm
NOVEMBER 16, 2020
Banking & Financial Services Industry Blog Creditors Rights and Commercial CollectionsWhen a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral.
Jimerson Firm
MAY 25, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsIn every foreclosure action, the foreclosing lender will be required to publish some sort of legal advertisement or notice in a newspaper (e.g. the Notice of Foreclosure Sale).
Jimerson Firm
MAY 24, 2021
The person who bought the certificate will have the right to collect the tax debt from the property owner, plus interest. Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial Collections
Jimerson Firm
MAY 19, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsAlthough a lender may have won the battle by obtaining a final judgment of foreclosure from the court, it may not win the war. Pursuant to Section 702.07
Jimerson Firm
MAY 26, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial Collections
Jimerson Firm
MAY 12, 2021
Banking & Financial Services Industry Legal Blog Creditors Rights and Commercial CollectionsWhen a borrower dies, lenders are often left wondering what to do.
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