Nexa Collect

NOVEMBER 1, 2021

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge.

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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. Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection. But it rarely is that easy.

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Collections Law

AUGUST 9, 2023

In our experience in business-to-business collections, debtors frequently withhold payment even when creditors have obtained legal judgments against them. In Massachusetts, getting a legal judgment may be only the first step in a collections case. What if the court rules our debtor cannot pay? What can be done?

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UK debt collections

JUNE 30, 2022

International Debt Recovery has always been a challenge for those involved in the importing and exporting of goods. The collect of a debt in Los Angeles is obviously going to be more of a headache than debt collection in London.

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Collections Law

OCTOBER 5, 2020

For companies dealing with other business entities, debt recovery for services rendered can prove a difficult task. Throughout the debt recovery process, you may be tempted to take the path of least resistance and try to either put the situation behind you or turn to a collections agency. Post-Judgment Actions.

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Collections Law

JUNE 14, 2023

In the United States, each state’s courts are bound to respect the judgments of other states’ courts, with limited exceptions. If you have obtained a judgment in your state only to learn the debtor no longer has any assets there, you can look to assets they have in other states, such as Massachusetts. Can you help?

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Collections Law

JULY 1, 2020

Have you lost all hope of recovering a long-overdue debt? You’ve tried everything in your power, but the debtor doesn’t respond or keeps making excuses to buy more time. You might be preparing to write off these dues as bad debts — but there is still light at the end of the tunnel. Why Hire a Collections Attorney?

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Collections Law

MAY 29, 2023

You went to the trouble of getting a judgment against your delinquent debtor and now what? Luckily, Massachusetts law offers a way to follow the money after a judgment goes unpaid. Rule 69 discovery takes place at the end of the case when the judgment is entered by the court. They still won’t pay. What is discovery?

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Collections Law

APRIL 7, 2023

If you have a judgment against a Massachusetts commercial debtor, it may surprise you to learn that the courts don’t unilaterally enforce judgments. It’s even more maddening when your debtor continues to operate, paying bills, ordering new things, and collecting on the debts owed to them. Can I go after that money?

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Collections Law

SEPTEMBER 24, 2020

That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience. They don’t dabble in bad debt collection and debt recovery—it is what they do.

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Collections Law

SEPTEMBER 24, 2020

That is why you should leave bad debt collection to the experienced aggressive debt recovery attorneys at the Law Offices of Alan M. We have collectively between our two collections attorneys almost 50 years of debt recovery experience. . Helpful Information for Collecting Your Debt. Attorneys vs. Agencies.

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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. The first step should be finding someone who can be in your corner and fight to collect your bad debts until they either collect the bad debt or no one else can.

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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. After all a judgment is just a judgment.

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Collections Law

JANUARY 7, 2021

If you are an out-of-state business dealing with a delinquent debtor in the Commonwealth of Massachusetts, it’s a much more straightforward process than you might think to domesticate your judgment. However, it is still an uphill battle to have such a judgment enforced. Attachment of Assets. Supplementary Process.

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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. After all a judgment is just a judgment.

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Collections Law

APRIL 25, 2023

Did you know that collection agencies can’t force business debtors to pay? They can only contact the debtor again and again in an effort to persuade them to pay. Even worse, it may persuade the debtor to move the money out of your reach. In some cases, the court will not allow this without prior notice to the debtor.

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Collection Industry News

MAY 9, 2023

Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. Look for records of bank accounts, investments, stocks, or other valuable assets.

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Turbo Recovery

JULY 11, 2018

When businesses have outstanding receivables, they often turn to attorneys to sue the debtor, but Turbo Debt Recovery offers a few services that should take place prior to filing suit. We’re looking to weigh the debtors’ assets versus liabilities to determine the collectability of the account.

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Debt Recoveries

MARCH 19, 2023

Taking debt collection action quickly is important to increase the chance of recovering payment. The longer the process of chasing letters, emails, and calls is repeated, the less likely it is to recover the debt. If the debtor has been unable to pay, they may also owe money to others, who will also be attempting recovery action.

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Collections Law

DECEMBER 5, 2019

Trying to collect on your foreign judgment can sometimes appear a futile effort with unfamiliar road blocks seeming to protect the judgment debtors. We want to see you collect on your bad debt, and will fight tooth and nail for you for as long as it takes. The Law Offices of Alan M. Cohen LLC does just that.

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Collections Law

AUGUST 11, 2020

Cohen LLC, you don’t have to suffer from the stress and frustration that comes with the legwork involved in following up with debtors. You also don’t have to sit helplessly in the face of bad debts when your debtor fails to make payments. We Domesticate Foreign Judgments in Massachusetts. At the Law Offices of Alan M.

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Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. Massachusetts was among the few states that had not adopted the Uniform Enforcement of Foreign Judgment Act.

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Collections Law

MAY 4, 2023

When a debtor claims they can’t pay, we know how to investigate the debtor and find out where the money went. In some cases, debtors intentionally try to keep their assets out of the reach of creditors, and an irrevocable trust is a popular way of going about it. These trusts are sometimes called “creditor-resistant.”

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Taurus Collect

DECEMBER 18, 2023

One enticing option is the ‘ debt collector no win no fee ‘ model, where agencies only charge for successful debt collection. No Win, No Fee: This model offers risk-free debt recovery. If the agency fails to collect the debt, you don’t pay anything.

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Nexa Collect

JUNE 10, 2023

Here are some ways AI can be used in debt collections: Automated Communication: AI-powered chatbots can handle initial interactions with debtors, engage in conversations, and answer frequently asked questions. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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Taurus Collect

OCTOBER 30, 2023

Understanding the art of debt collection can be a challenging task for any business, especially when the debtor refuses to pay despite many reminders. Welcome to the world of “ No Collection, No Fee Debt Collection ” – a strategy that puts your business first.

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Nexa Collect

JANUARY 12, 2022

Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions. Thanks to the internet, debtors are very well aware of their rights today. Such attorneys get a cut from the fine paid to your debtor for violations.

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Turbo Recovery

JUNE 6, 2018

Picture this: an account becomes overdue and your in-house attorney files suit against the debtor. A judgment is awarded in your favor, but the debt still isn’t paid. You call Turbo Debt Recovery and say “we have a judgment, so what do we do now? What do we really know about the debtor? What’s next?”.

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Judgment Debtor Debt Recovery Bankruptcy 40

Collections Law

JULY 31, 2020

Debt recovery is one of the most challenging things to achieve during a case. Even when the court successfully rules in your favor, you are not guaranteed timely payment of either a Massachusetts judgment or a foreign judgment. We make sure there is a plan in place for collection before the judgment is entered.

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Debt RR

AUGUST 27, 2021

With the help of an experienced collections attorney, serving legal papers on a debtor can be the first step to collecting the money you’re owed. Process service is often the first step in notifying a debtor that a legal action has been filed in court. Provides Legal Confirmation That a Debtor Received Notice of a Lawsuit.

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Debt RR

APRIL 8, 2022

Your legal action as a plaintiff is filed in the appropriate court, setting the stage for a lawsuit that obtains financial compensation from the debtor, referred to as the defendant. Commercial Debt Recovery Through Civil Litigation. Such a ruling is made in a Motion for Default Judgment. Engaging in Legal Battle.

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Collections Law

FEBRUARY 1, 2023

We act quickly to freeze assets so they will be available to pay a judgment There are many scenarios that could explain a debtor refusing to make good on a bad check. Luckily, they don’t all involve the debtor having no money or going into bankruptcy. At the Law Offices of Alan M. No funds in the bank account?

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Collections Law

MARCH 6, 2023

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. Cohen LLC, we don’t just take the next step and get a judgment. That’s no way to get paid.

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Nexa Collect

JUNE 18, 2023

Legal Action : In some cases, if the debt remains unpaid for a long period, the collection agency may decide to take legal action against the patient. This could involve filing a lawsuit to seek a judgment for the amount owed. Payment Plans and Negotiations : Sometimes, the collection agency might be willing to negotiate the debt.

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Nexa Collect

JANUARY 19, 2022

If you do not dispute the debt within 30 days of the first contact made to you (through phone or letter or other permissible means), the debt is considered valid, and the debt collector can continue to contact you. Collection laws vary by state , but there are provisions in every state on how the unpaid debt can be recovered.

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Taurus Collect

JULY 19, 2022

While it is highly recommended to select your options quickly and wisely to ensure timely collections, you should consider consulting with a debt collection agency before taking court action against your debtors. Read on to know some factors you should consider when hiring a professional to help you collect your business debts.

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Nexa Collect

MARCH 12, 2021

Skip tracing, employment and asset tracking, locating real and personal property, investigating liens, judgments, and corporate filings with the local Secretary of State, are but a few of the methods used to recover your receivables. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

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