Collections Law

APRIL 9, 2021

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. Cohen LLC will frequently seek to attach your debtor’s bank accounts — either with notice or ex parte — in our efforts to secure payments from your debtor. But it rarely is that easy.

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Troutman Sanders

NOVEMBER 8, 2023

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. The plaintiff’s lawyer sent two faxes to the defendant providing notice that the plaintiff was represented by counsel.

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Taurus Collect

FEBRUARY 1, 2024

They are responsible for pursuing the repayment of debts on behalf of creditors. Understanding the Debt Collection Process The debt collection process typically initiates once a creditor concludes an account is non-performing, meaning the debtor has missed payments for several months.

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Collections Law

APRIL 9, 2021

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. Cohen LLC will frequently seek to attach your debtor’s bank accounts — either with notice or ex parte — in our efforts to secure payments from your debtor. But it rarely is that easy.

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Debtor Judgment Collections Debt Recovery 40

Sawin & Shea

MARCH 13, 2024

A reaffirmation agreement is a document that re-obligates a debtor to repay a particular debt, such as a car loan, mortgage, or other loan type. It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor.

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UK debt collections

SEPTEMBER 2, 2021

Debt collection in France: breaking down the different procedures and judicial measures made available to creditors in France. Step 1: Your lawyer will send a formal demand letter to your debtor (‘la mise en demeure’). Step 3: Your lawyer will file for an Interim Injunction Order from the Courts. Invoke legal action.

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Sawin & Shea

MARCH 20, 2024

If you’re worried about garnishments, foreclosures , lawsuits, repossessions , or other consequences of your debt, connect with an experienced bankruptcy lawyer at Sawin & Shea as soon as possible. They typically answer questions from a debtor about back taxes, filing annual tax returns, and tax penalties they may owe.

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Sawin & Shea

APRIL 10, 2024

With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC. In this blog, we discuss what assets and property a debtor may lose in Chapter 7 bankruptcy.

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Nexa Collect

AUGUST 8, 2020

Skip tracing techniques allow agents to track down debtors that have “skipped” out on their debts and are no longer reachable. Debtors Are More Likely to Pay A Collection Agency. When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention.

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Nexa Collect

JULY 28, 2020

Skip tracing techniques allow agents to track down debtors that have “skipped” out on their debts and are no longer reachable. Debtors Are More Likely to Pay A Collection Agency. When a debt passes from the original creditor to a collection agency, this escalation often makes debtors pay attention.

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FFGN COLLECT NY

DECEMBER 11, 2023

The Fair Debt Collection Practices Act will ensure you can collect client debt payments without violating the rights of the other party. You must confirm that the debtor owes your client the money; otherwise, it could have serious legal implications. Do not use aggressive language or threaten the debtor. Be clear and respectful.

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Sawin & Shea

FEBRUARY 7, 2024

It is not generally recommended that Debtors take on the task of presenting a bankruptcy case pro se, that is without an attorney. While you can technically file bankruptcy for free without a lawyer, it’s important to retain one if possible. You may also wonder whether you can file bankruptcy, no money down. The short answer is “yes.”

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Sawin & Shea

SEPTEMBER 21, 2022

One common question that filers have regarding the Chapter 13 process involves income increases and whether they affect payment plans. If you have further questions regarding filing for Chapter 13 bankruptcy, your best course of action may be to enlist the assistance of Chapter 13 bankruptcy lawyers.

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Sawin & Shea

SEPTEMBER 6, 2023

Unlike Chapter 7 bankruptcy, Chapter 13 does not require the filer to liquidate all their assets (including their home) to pay off creditors. In most cases, Chapter 7 bankruptcy allows the debtor to postpone a foreclosure sale, but does not stop the process permanently. What to Do to Stop Foreclosure? Chapter 13 is a different animal.

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Sawin & Shea

FEBRUARY 23, 2022

If you are in the Chapter 13 Bankruptcy process, you have a three-to-five-year reorganization payment plan. This plan will allow for one monthly payment to wrap up most types of debt and will provide you with automatic court protection from your creditors. What happens if you miss a payment in Chapter 13?

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Taurus Collect

JANUARY 10, 2024

The key objective of these rules is to ensure fair play between the creditor and the debtor, preventing any kind of harassment without compromising the debt recovery process. It includes standards for communication and clear rules about when and how a business can contact a debtor.

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Sawin & Shea

FEBRUARY 16, 2022

An emergency bankruptcy is a bankruptcy filing method that expedites the filing process to stop creditors and bill collectors from seeking debts from borrowers. An automatic stay is an injunction prohibiting creditors from collecting debts. The Debtor(s) need to complete the required credit counseling session.

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Sawin & Shea

APRIL 17, 2024

The court will then order a bankruptcy stay — also called an automatic stay — that prohibits creditors and lenders from collecting what you owe. This plan states that you’re committed to paying back something to creditors in monthly installments, and you detail the minimum amount you’ll pay as well as the duration of the plan.

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Collections Law

SEPTEMBER 24, 2020

Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action. What About Out-of-State Creditors? Is your business owed money? The Law Offices of Alan M. Attorney Alan M.

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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. If your debtor owns real estate in Massachusetts, a real estate attachment could be just the tool you need. That means you secure the asset before you receive the judgment against the debtor.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. Are My Creditors capable of appealing My Bankruptcy? This type of bankruptcy does not stop secured creditors from seizing your property, so if you have money to pay the debt, this isn’t the best option to take. What Can’t Bankruptcy Do?

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Collections Law

SEPTEMBER 24, 2020

Many debtors try to hide from their obligations, especially if they owe monies to numerous parties. When dealing with shady and delinquent debtors such as these, it is crucial to have a quick and effective plan of action. What About Out-of-State Creditors? Is your business owed money? The Law Offices of Alan M. Attorney Alan M.

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Sawin & Shea

MARCH 16, 2021

The new rule also loosens the restrictions on how often creditors can contact you. Although debt collectors can contact debtors in new ways, people can also opt-out of being contacted entirely. Will Creditors Really Contact Me On Social Media? It’s your right to request mailed verification of any debt before making a payment.

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BN Lawyers

APRIL 30, 2019

Debtors who have filed for bankruptcy and received their Discharge often continue to receive collection letters and phone calls from their creditors. Some creditors even go so far as to sue on these discharged debts or garnish wages and bank accounts. Such actions may result in severe penalties, sanctions and damages.

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FFGN COLLECT NY

NOVEMBER 21, 2022

Seeking replevin is common and used by debt collection lawyers to recover goods or collateral for their clients. ” Similarly, if a creditor has financed the inventory of parts or other goods that are kept under lock and key, the creditor would need to break in and enter or gain access to otherwise secured premises to regain the goods.

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Debt Free Colorado

JANUARY 27, 2022

They then exercise control over the merchandise sold to satisfy creditors. They will sell them and use the revenues to pay for the bankruptcy’s fees , charges, and expenditures before paying creditors. ” The Trustee has the authority to seize and liquidate non-exempt property to benefit creditors. .”

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Taurus Collect

JANUARY 24, 2023

Overview of Debt Collection Companies and Their Tactics Debt collection companies are organisations specialising in the pursuit of money owed to creditors. For many debtors, their primary contact with collectors will be through phone conversations.

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Sawin & Shea

JUNE 21, 2023

The Chapter 13 repayment plan consolidates your existing debts into a three to five-year plan to pay back your creditors, and initiating the process offers immediate protections, including an automatic stay, and allows you to keep all of your possessions. When filing for Chapter 13, debtors don’t immediately discharge their debts.

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Sawin & Shea

APRIL 12, 2023

Chapter 13 takes into account your financial situation before filing for bankruptcy, too, but mainly focuses on developing a payment plan to address secured debt (which includes things like your house or car). Meaning, you have prioritized payments to family and friends over all other creditors, which is not allowed.

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Credit Corp

MAY 3, 2023

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Through the bankruptcy, the debtor restructures and then creates and implements a plan to pay back creditors. The Trustee’s office then pays various creditors. What Is Chapter 7 Bankruptcy?

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National Service Bureau

JUNE 18, 2015

Most agencies are aware that consumers are protected by the FDCPA from abusive acts and practices , but there are other intricacies of the law to be aware of.such as when a debt collector may contact a debtor. Lawyered up : If the consumer has an attorney whose services are related to that debt, a collector may not contact that person.

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Sawin & Shea

APRIL 6, 2021

Many people who file for bankruptcy are employed but are still struggling to manage their monthly payments. If you’re already a homeowner when you file for bankruptcy, talk to your bankruptcy lawyer about using a homestead exemption to keep your house. High-Pressure Tactics from Creditors. Medical debt is a top reason.

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Collections Law

FEBRUARY 12, 2021

As a business owner, knowing the appropriate action that you can take to deal with out of state delinquent debtors is essential to the bottom line. Then, a court clerk gives your debtor 30 days to dispute the judgment. In certain scenarios, we may be able to attach your debtor’s assets ex parte (without notice).

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Collections Law

AUGUST 11, 2020

Whether you operate in or outside Massachusetts, if your customer to whom you had provided goods or rendered services on credit is located in Massachusetts and is not paying off your debt, then get in touch with our experienced and aggressive debt collection lawyer, Alan M. Cohen, today. With us, the Law Offices of Alan M.

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Fraser

SEPTEMBER 28, 2020

When a company files for bankruptcy and it owes you money, it means you have a “claim” in the debtor’s bankruptcy proceedings. A claim, in short, is a right to payment. A creditor with a claim must often take affirmative action by filing a “proof of claim” form in order to preserve and protect its rights to payment.

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Collection Industry News

SEPTEMBER 8, 2020

Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. 104/2007/ND – CP, which is prohibited under the Investment Law 2020, lawyers and law firms are able to practice debt collection as a professional field.

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FFGN COLLECT NY

JUNE 29, 2021

A judgment creditor, seeking to enforce a judgment has many ways to enforce a judgment in New York. The methods they use depend on the collecti0n lawyer’s strategy to satisfy the judgment or, at the very least, bring the judgment debtor to the table. One example would be a bank where the judgment debtor has an account.

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