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Appeals Court Reverses Ruling in Favor of Collection Law Firm

Account Recovery

The Court of Appeals for the Sixth Circuit has overturned a lower court’s ruling in favor of a collection law firm that was sued for attempting to collect a debt from the spouse of the actual debtor, ruling that the law firm did not exhaust all of its efforts to collect from the actual debtor … The post Appeals Court Reverses Ruling in (..)

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Can a Debt Collection Law Firm Act as a Debt Collection Agency?

FFGN COLLECT NY

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. Law firms and collection agencies serve the same purpose initially.

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Connecticut Department of Banking Fines Law Firm $100,000 for Collecting Without a License

Troutman Sanders

Katz mandating the law firm cease conducting collection activities in the state without a license. The law firm was also fined $100,000, the maximum allowed by law. The total balance of the accounts equaled $1,380,996, and total amount collected on the accounts by the law firm was $80,709.62.

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Best Practice Guide: Collaborating with law firms effectively across the portfolio management lifecycle

Qualco

Collaboration with law firms and Debt Collection Agencies (DCAs) is an integral part of modern collections and recoveries practices. Involving law firms across the debt management lifecycle. Law firms or DCAs are not only involved in the final stage of the debt collections. Undertrained call center agents.

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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy. Debtor education classes provide customized guidance based on your unique circumstances. Since then, bankruptcy filers have been required to take both a bankruptcy credit counseling course and a debtor education course.

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Trust Fund Payment Processing for Law Firms

Payment Savvy

Most people think that payment processing for law firms is a simple and straightforward process. A trust account is a bank account used to receive payments received by clients or debtors. Due to the above reasons, law firms need to adopt an advanced payment processing system.

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Attempting Debt Collection Efforts After a Debtor Files for Bankruptcy

FFGN COLLECT NY

Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? If so your collection attorney is exposing you, the law firm, and themselves to personal liability for a money judgment that could far exceed your claim. The debtor did not pay.

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