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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

As experienced collections attorneys, rather than providing a multitude of services to our clients in many different areas of law, we prefer to focus on debt collection and construction litigation with an expanded coverage area, which has resulted in our incredible success in Massachusetts debt collection. At the Law Offices of Alan M.

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Reshaping Debt Collections with the QCR Accelerator

Qualco

To address these issues, our latest blog explores the QCR Accelerator, a state-of-the-art , plug-and-play collection software specifically designed to streamline and automate debt recovery processes. HURDLES IN DEBT RECOVERY Financial institutions are encountering considerable difficulties in collecti ons concerning unsecured loans.

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Collecting Business Debt: Six Best Practices When Working With A Collections Agency

Taurus Collect

Although debt collection is mostly reactive on the part of businesses, researching beforehand can provide you with the assurance needed to make sure the process runs smoothly and efficiently. Get Everything in Writing When it comes to debt recovery, an essential step is getting everything in writing.

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Past-Due Secured Debt. Just like individuals, businesses often have mortgages, vehicle loans, and other secured loans. Debt can also be secured using intellectual property, equity, and other soft debt. Missing payments on secured debt causes the creditor to repossess the property as recourse.

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What Happens to Debts When Dissolving a Company?

Debt RR

Secured debt: If a business receives a loan or other credit — like a credit card — because of specific assets or liquid collateral, they have secured debt. Though more uncommon than equipment leases and unsecured debt, some businesses are able to acquire secured credit options.