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Domestication of Foreign Judgments 101

Jimerson Firm

Judgment creditors are often faced with the question of how to collect an out-of-state judgment (also commonly referred to as a foreign judgment) in Florida. Once the foreign judgment is domesticated, the judgment creditor may pursue post-judgment collections efforts in Florida. 55.501, Fla. 55.505, Fla.

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Which Funds Are Exempt From Judgment Enforcement?

FFGN COLLECT NY

When considering what funds are exempt from judgment enforcement and the reach of judgment creditors, New York and the federal government draw a line between enforcing judgments against consumers and enforcing judgments against commercial entities. What If Funds Exempt From Judgment Enforcement Are Held?

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Supreme Court Holds That Fraud Exception to Debt Discharge can Include Fraud by Someone Other Than the Debtor

PBWT

Bartenwerfer considers whether the fraud required by this section need be the debtor’s fraud or fraud known to the debtor. The Ninth Circuit ultimately held that section 523(a)(2)(A)’s application did not depend on the debtor’s knowledge of the fraud, and so was applicable to Bartenwerfer. ” 11 U.S.C. §

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Court Finds Letter to Debtor is Not a Debt-Collection Communication Under the FDCPA

Troutman Sanders

LLC , the district court for the Northern District of Illinois confirmed the long-standing principle that not all communications sent from a debt collector to a debtor are governed by the Fair Debt Collection Practices Act (FDCPA). Absolute Resolutions Investments.,

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Artificial Intelligence in Collections Industry

Nexa Collect

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. Personalized Debt Management: AI can generate personalized repayment plans based on a debtor’s financial situation.

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What Happens if you Ignore Debt Collection Calls

Nexa Collect

If the debtor is not traceable or unresponsive, a collection agency can file a lawsuit and if you do not respond in the court on time, it can result in a default judgment against you. However, most unpaid bills are reported on the debtor’s credit report and stay there for seven years. Not every case lands in court.

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Unlawful Freezing of Bank Accounts Requires Bank To Refund Monies With Penalties

FFGN COLLECT NY

The bank violated state laws preventing banks from freezing accounts with certain government benefits like Social Security, unemployment, disability payments, and balances up to (as of April 2024) $3,425. New York allows judgment creditors to restrain bank accounts belonging to judgment debtors once a judgment is entered.

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