Collection Industry News

JANUARY 10, 2022

January 5, 2022-Chicago-Commercial Collection Agencies of America has elected its new. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc.,

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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.

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Collections Law

FEBRUARY 9, 2024

Cohen & Associates LLC, our commercial collections attorneys have over five decades of commercial collections experience. Our firm’s attorneys relentlessly and aggressively pursue the collection of debts on behalf of our clients while maintaining the utmost ethical standards to do so. At Law Offices of Alan M.

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Collections Law

OCTOBER 12, 2021

Cohen LLC, we employ many different methods of collecting for our clients, but when the debtor fails to cooperate, we may turn to the courts for help through supplementary process. The creditor must request the arrest and attest that they believe the debtor intends to leave Massachusetts to avoid paying the debt.

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Collections Law

APRIL 2, 2024

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. What is an ex parte attachment?

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Collections Law

MARCH 19, 2024

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. What is an ex parte attachment?

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Jimerson Firm

NOVEMBER 16, 2020

In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession. 679.609, Fla. What Does it Mean to “Breach the Peace”? 2d at 625 (Fla.

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Collections Law

DECEMBER 1, 2022

Aggressive and Relentless Collection Tactics Legal tactics that can result in payment can include: Bank attachments. A trustee attachment is a legal tactic allowing a creditor to freeze monies in non-exempt bank accounts. As the name provides, this tactic gives the creditor a security interest in the debtor’s real estate.

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Collections Law

SEPTEMBER 11, 2023

When this happens, skip the collection agencies and choose a collections attorney to help you. Attorneys do more than collection agencies Collection agencies will work on behalf of a creditor to collect debts owed to the creditor. A commercial collections attorney is held to higher standards.

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Collections Law

MAY 4, 2023

This is often done in an effort to put their money out of reach from rightful creditors like you. We handle business and commercial collections for companies of all sizes and in any industry. These trusts are sometimes called “creditor-resistant.” They’re creditor-resistant, but that doesn’t mean creditor-proof.

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The McHughes Law Firm

JUNE 22, 2016

Guarantees can be classified as being either guarantees of payment or guarantees of collection, and the distinction is important to recognize. A guarantee of payment is a far more effective tool , as it allows a creditor to proceed directly against the guarantor without the necessity of taking any action against the primary obligor [debtor].

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Collections Law

FEBRUARY 14, 2024

This is obviously a sensitive topic and can be a complex issue for a creditor. Understanding the legal and ethical implications of collecting a debt from an individual’s estate is crucial for businesses to handle the situation appropriately and respectfully. At Law Offices of Alan M.

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Debt RR

SEPTEMBER 27, 2020

Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.

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Collections Law

SEPTEMBER 24, 2021

If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The experienced commercial collections attorneys at the Law Offices of Alan M. In certain cases, a creditor can request a special real estate attachment in such property.

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Collections Law

FEBRUARY 22, 2022

The goal is to move the asset outside of the creditor’s reach. When a debtor waits until a creditor is about to seize an asset to gift it to a friend or relative, the court will likely treat the transfer as suspect. The experienced commercial collections attorneys at Law Offices of Alan M.

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Credit Management Company

JANUARY 25, 2022

This is where the commercial collection agency enters. Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. B2B Collection FDCPA and Regulations. The end-target is different.

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Collection Industry News

APRIL 8, 2021

Wednesday, April 7, 2021-Chicago- Commercial Collection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. To contact Commercial Collection Agencies of America, email Executive Director, Annette M.

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Collections Law

SEPTEMBER 10, 2021

Filing your proof of claim Once you receive notice that your debtor has declared bankruptcy, you should review the paperwork and your status as a listed creditor. Preference actions happen when a business debtor pays a creditor within 90 days of filing for bankruptcy. Cohen LLC, we use several methods to pursue these debts.

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Collections Law

FEBRUARY 2, 2024

Our collections attorneys at Law Offices of Alan M. When debtors are using you for creditor financing When a debtor tells you that they cannot pay the debt they owe to you, but the company is still in business, this is a telltale sign that they are using the money they owe to you elsewhere. Our attorneys are persistent and methodical.

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Collections Law

APRIL 19, 2022

As an out-of-state creditor, you do have options for collecting a debt from a debtor in Massachusetts. The experienced commercial collections attorneys at the Law Offices of Alan M. The collections attorneys at the Law Offices of Alan M.

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Jimerson Firm

NOVEMBER 23, 2020

Self-Help Repossession: In Florida, a secured creditor may use self-help repossession to take possession of collateral, provided its efforts do not breach the peace. Florida case law provides that a breach of the peace occurs if the secured creditor enters the debtor’s land to repossess the collateral, without the debtor’s consent.

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Debt RR

AUGUST 3, 2020

What Do Commercial Debt Collection Agencies Do? Debt collection agencies are organizations that attempt to collect debt on behalf of other businesses. A commercial debt collector works exclusively with B2B creditors that need to collect past due payments from other businesses.

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FFGN COLLECT NY

MARCH 10, 2023

Strict adherence to federal, state, and city laws is required to collect consumer debt in New York State. Commercial Debt: The consumer protection laws referenced above do not apply to commercial collections. Other state rules apply with a lot of attention to the New York Uniform Commercial Code (UCC).

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Direct Recovery

APRIL 18, 2023

This covers things like the Fair Debt Collection Practices Act and the state and local laws that build on it. This allows commercial collection agents more flexibility in collecting on your behalf, but it is always a fine line between pushing too hard and not pushing hard enough.

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Collections Law

JULY 6, 2021

The Uniform Enforcement of Foreign Judgments Act, which the Commonwealth of Massachusetts formally adopted in April 2019, enhances the ability of a judgment creditor to domesticate their judgment and thus collect their outstanding accounts receivable. Filing of Judgments.

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Stevens Lloyd

AUGUST 8, 2018

The more knowledge the commercial collections agency obtains from their clients the greater the chances of successful debt recovery. By providing this information and maintaining communication with the commercial collection agency, the process will be less frustrating and more effective.

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Collections Law

SEPTEMBER 24, 2020

They don’t dabble in bad debt collection and debt recovery—it is what they do. Attorneys vs. Agencies When it comes to bad debt collection, there are many benefits that a commercial collections attorney in Massachusetts can offer that a collections agency simply cannot. What About Out-of-State Creditors?

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Collections Law

SEPTEMBER 24, 2020

They don’t dabble in bad debt collection and debt recovery—it is what they do. When it comes to bad debt collection , there are many benefits that a commercial collections attorney in Massachusetts can offer that a collections agency simply cannot. What About Out-of-State Creditors? Attorneys vs. Agencies.

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FFGN COLLECT NY

JANUARY 19, 2022

If the customer closed their office and left no assets, that may be the end of your debt collection claim right there. For creditors to continue to pursue their debt collection claims while working remotely, they need access to their books and records, invoices, statements, proofs of delivery, and more. It definitely can.

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The Kaplan Group

JUNE 25, 2020

Commercial collection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. If you can’t pay everything on time, don’t just hide from your creditor.

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Stevens Lloyd

SEPTEMBER 27, 2018

Such property will often then be sold by the sheriff and the funds returned to the creditor in fulfillment of the judgment. By and large, a Writ of Execution is an effective means for creditors to recover monies against professional debtors who deliberately avoid paying their bills. These expenses typically cost an average of $500.

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Payment Savvy

OCTOBER 20, 2021

Being too easy with commercial creditors might cause your firm to collapse in a matter of minutes. Most notably, B2B debt collection is not restricted by the same restrictions as consumer collectors under the Fair Debt Collection Practices Act. Unpaid bills can have a detrimental influence on your business.

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Jimerson Firm

NOVEMBER 13, 2020

draft settlement statement. satisfactory arrangements must have been made for payment of the SBA loan balance that will remain after receipt of the sale proceeds, unless the release is part of a compromise agreement.

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Jimerson Firm

JANUARY 27, 2021

5) The borrower’s proposed treatment of the SBA loan must be fair and equitable in comparison to the treatment to be received by the borrower’s other creditors. 5) The borrower’s proposed treatment of the SBA loan must be fair and equitable in comparison to the treatment to be received by the borrower’s other creditors.

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The Kaplan Group

DECEMBER 27, 2020

Because collection laws differ from state to state and country to country, there are many associations and organizations for finding a reputable collection agency. The IACC is the primary organization in the United States for business to business (commercial) collection agencies.

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Jimerson Firm

AUGUST 7, 2020

The receiver will also be required to post with the court a bond that is conditioned on the faithful discharge of the receiver’s duties, is issued by one or more sureties approved by the court, is in an amount specified by the court, and is effective as of the date of the receiver’s appointment. Make a distribution of receivership property.

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Collections Law

FEBRUARY 11, 2020

214 § 3 requires only that a commercial creditor: Establishes that the debtor owes it money; and Demonstrates that the debtor’s interest in a property cannot be reached to be attached or taken on execution. How reach and apply injunctions have helped companies collect their debts. Contact the Law Offices of Alan M.

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