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Average Recovery Rate of a Collection Agency

Nexa Collect

Debtors are less likely to pay when they feel threatened. Their debt collectors must be located in multiple time zones in order to work with debtors nationwide. Quality of your own debt: If you primarily serve a lower income group, or if your state debt laws are favorable for debtors, then the recovery rate will be lower.

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

This means that unsecured creditors, such as credit card companies, won’t receive what the debtor owes. A bankruptcy lawyer can help you find a creditor who’s willing to work with you, and they’ll file a motion to receive permission from the court and the bankruptcy trustee.