ABI

JANUARY 26, 2023

1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility payment is a tax entitled to priority under Title 11 of the United States Code (the “Bankruptcy Code”). [2] 3] The IRS filed a proof of claim against the Debtors for unpaid taxes and interest, including a $927.00

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Bankruptcy Debtor Healthcare Government 40

Nexa Collect

SEPTEMBER 23, 2021

Several collection agencies have been using electronic mediums like emails, social media platforms, and SMS to contact debtors. To a standard person, it may appear that contacting a debtor either way (traditional or electronic) is the same, a contact made is a contact made regardless of the medium.

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Collections Collection Agencies Collections Agency Debtor 130

The Kaplan Group

JUNE 23, 2020

Here are some tips for both debtors and creditors considering a payment plan as a way to resolve an issue. DO ask to create a payment plan. They know that if you do, they have little chance of payment. If you are receiving phone calls or letters about debt, ask about the possibility of creating a workable payment plan.

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Credit Counselor Bankruptcy Creditors Debtor 59

Payment Savvy

NOVEMBER 10, 2021

When a consumer defaults on payment, you first contact them about the missed payment. The technique of locating a debtor that has “skipped” or gone MIA is known as “skip tracing.” ” Tracers can be quite powerful and effective, particularly when the debtor has not responded to numerous calls and emails.

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Collection Agencies Collections Agency Debtor Collections 98

Debtor Daddy

JUNE 7, 2020

Urgency for prompt payments to small and medium enterprises (SMEs) highlighted by new data from Xero. NZ govt asks large businesses to ‘step up’ Xero’s latest analysis reinforces the New Zealand’s government’s call for larger businesses to support the economic recovery by faster payments to SMEs.

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Collect More

JULY 10, 2023

The Australian Government’s ABN lookup site www.abr.business.gov.au If they’re a partnership then contact the other partner and request payment from them. Knowing your debtor’s business structure gets you one step closer to your money. Knowing this information is absolutely vital if you want to get paid.

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Nexa Collect

MARCH 12, 2021

No collection agency is allowed to add collection fees onto the debtor’s outstanding balance even when the agency incurred those charges while doing business related to that debtor (10 P.R. 981p (12)). All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%. of the inhabitants unemployed.

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Collection Agencies Collections Agency Collections Garnishment 130

Qualco

MARCH 12, 2024

There is no need for human resources to be involved in simple payment plan extension agreements with a well-intended debtor when this can be done through a portal or an application. However, neither are all debtors well-intended, nor are all well-intended debtors convinced by the automated solutions offered.

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Collections Debtor Banks Loans 97

Taurus Collect

OCTOBER 30, 2023

Establishing Contact with the Debtor The first step in the debt collection process is establishing contact with the debtor. This often involves several key actions: Initial Communication: A business or a debt collection agency, like a debt collection agency in Derby, will send a letter of demand to the debtor.

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Collections Debtor Debt Recovery Collection Agencies 52

Taurus Collect

DECEMBER 18, 2023

What is Commercial Debt Collection and How Does it Work Commercial debt collection is the process of pursuing payment of debts owed by businesses. Motivation to Collect: Since the agency’s payment is tied directly to the successful recovery of the debt, they are highly motivated to collect as much as possible.

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Collections Debtor Debt Recovery Collection Agencies 52

UK debt collections

JULY 18, 2022

A CCJ ratifies a debt and makes it official that the debtor owes money and it must be repaid. CCJ payment period expiration. Once a County Court Judgment has been issued, the debtor needs to pay the CCJ within 30 days or it will be entered on their credit file. Third party debt orders on the debtors bank account.

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Debtor Creditors Banks Judgment 81

Collection Industry News

AUGUST 18, 2020

However, this will likely change soon, as in June 2020 the minister for legal protection published a preliminary draft of the Temporary Deferral of Payments Act 2020 for online consultation. dissolve an agreement with the debtor. Essence of act. Act in more detail. pre-judgment) attachments are lifted.

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Bankruptcy Debtor Creditors Judgment 40

Collection Industry News

OCTOBER 27, 2020

Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments. Axiom Acquisition Ventures, LLC (“Axiom”) bought Robert Valenzuela’s consumer debt from a bank after he allegedly defaulted on his personal loan payments.

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Debtor Debt collector Fair Debt Collection Acquisition 40

FFGN COLLECT NY

JUNE 14, 2023

When a debtor owes a creditor money and the creditor is seeking assistance collecting the amount owed, the creditor can either use a collection law firm or a collection agency. Both can send a demand letter and call the debtor to request the outstanding amount owed. Law firms and collection agencies serve the same purpose initially.

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Law Firms Collection Agencies Collections Agency Third-party Debt Collectors 52

FFGN COLLECT NY

OCTOBER 20, 2021

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. Payments from pensions and retirement accounts. Social security disability (SSD).

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Judgment Enforcement Judgment Debtor Creditors 98

Debt Free Colorado

JANUARY 20, 2024

Chapter 13 entails a three to five-year repayment plan for gradual medical debt payment. Some options are negotiating with creditors, structured payment plans, and debt consolidation. You can also seek guidance from credit counseling agencies, medical billing advocates, and government assistance.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

FFGN COLLECT NY

MAY 8, 2024

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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Banks Debt collector Judgment Creditors 52

ABI

JANUARY 19, 2024

The United States Court of Appeals for the Second Circuit held that only a party to an assumed contract can assert a cure claim against the debtor in In re George Wash. 4] Under the Ground Lease, Debtor was responsible for hiring and paying contractors for developing the retail portion of the George Washington Bridge Bus Station. [5]

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Debtor Bankruptcy Unsecured Creditor Retail 40

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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Collection Agencies Collections Agency Collections Debt Recovery 130

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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Collection Agencies Collections Agency Collections Debt Recovery 130

Taurus Collect

AUGUST 15, 2023

It’s even more daunting when your focus should be on running and growing your business rather than chasing overdue payments. Improved Cash Flow: With a team of experts handling your debt collection, you can expect a faster recovery of overdue payments, leading to improved cash flow and a healthier balance sheet.

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Third-party Debt Collectors Collections Debt collector Debt Recovery 52

FFGN COLLECT NY

DECEMBER 12, 2023

It is challenging to balance these factors for creditors who collect payments from debtors. A debt collection attorney is a legal professional who assists and develops legal strategies for creditors to help recover debts from non-paying debtors. What Do Debt Collection Attorneys Do? Tap the attorney’s adept negotiation skills.

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Creditors Collections Debtor Debt Recovery 52

Taurus Collect

FEBRUARY 1, 2024

If you’re receiving calls or letters stating that you owe money, it’s likely that the original company you owed has handed over the task of chasing the payment to these business recovery specialists. Your Rights : As a debtor, you have rights that you can and should exercise. What Is a Debt Collector?

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Debt collector Debtor Collection Agencies Collections Agency 52

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. Understand Your Legal Rights Awareness of Commercial Debt Recovery laws: Primarily, you must have a thorough understanding of the laws governing commercial debt recovery in the UK.

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Collection Agencies Collections Agency Collections Debt Recovery 52

UK debt collections

MARCH 13, 2024

It’s clear that the UK Debt Collection sector is in a state of flux, making it imperative for debtors and creditors alike to stay informed and vigilant. This comes at a time when the Utilities industry is under close scrutiny.

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Collection Companies Collections Debtor Creditors 91

Debt RR

SEPTEMBER 27, 2020

Running a business involves the provision of goods or services in exchange for payment. However, we are not in a perfect world, and sometimes clients may fall back on their payments. Under these laws, both the creditor or DCA and the debtor have defined rights. In a perfect world, this exchange should be seamless.

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Collections Collection Agencies Collections Agency Debt Recovery 74

Collection Industry News

JUNE 12, 2023

Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients. Establish clear payment terms and policies from the beginning of the business relationship, and ensure that clients fully understand them.

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Collections Debt Recovery Collection Agencies Collections Agency 61

Taurus Collect

JANUARY 10, 2024

The Top Signs that Indicate Your Business Needs a Commercial Debt Collection Agency Persistent Non-payment : If a client or customer has consistently failed to settle their dues despite multiple reminders, it’s time to involve a commercial debt collection agency. Involve a professional to stop this trend and recover your due payments.

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Collection Agencies Collections Agency Collections Third-party Debt Collectors 52

Taurus Collect

MAY 11, 2023

Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor. They may ask for payment or offer a repayment plan.

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Credit Card Debt Collections Collection Agencies Collections Agency 52

Nexa Collect

JUNE 24, 2023

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. The thought process is simple, in case the laptop is lost, there should be zero loss of personal data of clients or the debtors. Here are suggestions that will help you maximize your compliance.

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Debt collector Collection Agencies Collections Agency Debtor 100

Sawin & Shea

APRIL 10, 2024

With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. In this blog, we discuss what assets and property a debtor may lose in Chapter 7 bankruptcy. Bankruptcy Code requires debtors to complete credit counseling courses 180 days before filing.

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Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

Taurus Collect

SEPTEMBER 15, 2022

Pretend To Work For a Government Agency. Debt collecting agencies cannot pretend to work for any government agency, including law enforcement. Collection agencies are forbidden to falsely claim that a debtor has committed a crime or threaten to get them arrested if they don’t repay the money they owe. Threaten To Arrest You.

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Debt collector Collection Agencies Collections Agency Debtor 59

PBWT

FEBRUARY 5, 2023

More specifically, in this case, a junkyard is the location of the debtor’s property, which consists of “construction debris, scrap piles, tire mounds, collapsed trailers, and inoperable vehicles.” Administrative expense claims are governed by Bankruptcy Code section 503(b)(1)(A). ” In re U Lock, Inc.

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Creditors Bankruptcy Debtor Construction 65

Collection Industry News

MARCH 17, 2024

Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. The government will look to stop these exploitative tactics and more. In New York, retirement income from Social Security and other sources are exempt from garnishment.

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Payment Savvy

NOVEMBER 30, 2021

Regulation F affects everything from debtor communication to multi-state compliance. Any violation of the FDCPA towards a debtor means a potential lawsuit for your collection agency. In some cases, a court’s rulings may call for debt collectors to make the following payments: Statutory damages of up to $1,000.

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Debt collector Debtor Fair Debt Collection Garnishment 52

Troutman Sanders

JUNE 23, 2023

248 amended chapter 649 of the Nevada Revised Statutes governing debt collection agencies. Among other provisions of the bill, § 7 requires debt collection agencies to send written notification to medical debtors 60 days before taking any action to collect such debt (Section 7 Notice). Read on for further analysis.

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Debt collector Collection Agencies Collections Agency Debtor 52

ABI

JANUARY 28, 2024

City of Ground Prairie ( In re Purdue Pharma L.P. ), the Second Circuit held that a bankruptcy court has statutory jurisdiction to approve a plan that includes a nonconsensual third-party release of direct claims against non-debtors. [1] 6] The claims against the Purdue Debtors and the Sacklers were estimated to be more than $40 trillion.

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Bankruptcy Debtor Creditors Government 40