FFGN COLLECT NY
JUNE 3, 2020
With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?
Collection Industry News
NOVEMBER 2, 2020
In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. Thus, the court held the defendants failed to demonstrate the statute of limitations barred plaintiff’s FDCPA claims, allowing plaintiff to bring claims as to both the 2010 collections action and the 2019 garnishment action.
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Troutman Sanders
OCTOBER 28, 2020
In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. Thus, the court held the defendants failed to demonstrate the statute of limitations barred plaintiff’s FDCPA claims, allowing plaintiff to bring claims as to both the 2010 collections action and the 2019 garnishment action.
Troutman Sanders
NOVEMBER 13, 2023
On November 7, the Commodity Futures Trading Commission (CFTC) announced that, in 2023 alone, the cumulative penalty amount stemming from consent orders it entered with digital asset-based companies totaled $4.3 For more information, click here.
Burr Forman
DECEMBER 4, 2020
On April 23, 2020, Governor Gavin Newsom issued Executive Order N-57-20 exempting stimulus payments and other COVID-19-related government financial assistance from attachment, levy, execution, or garnishment. On April 29, 2020, Governor Larry Hogan issued an executive order exempting CARES Act payments from garnishment under state law.
Stevens Lloyd
JULY 30, 2018
However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness. It so happens that sometimes, debtors abandon ship and disappear.
National Service Bureau
AUGUST 19, 2015
There are those organizations who are licensed, professional, effective, and ethical, and then there are those who would take advantage of specialized knowledge or the opportunity to take money unlawfully from debtors. There are legal and common sense restrictions on the tactics that a collector or agency should use when contacting a debtor.
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