Account Recovery

FEBRUARY 18, 2025

THE COMPLIANCE DIGEST IS SPONSORED BY: BK Filings Surge in 2024, Continuing Rebound from Historic Lows Total bankruptcy filings jumped 14.2% WHAT THIS MEANS, FROM LAURIE NELSON OF PAYMENT VISION: The surge in bankruptcy filings in 2024 presents both challenges and strategic opportunities.

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Sawin & Shea

JULY 28, 2021

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.

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Bankruptcy Credit Card Debt Chapter 13 bankruptcy Chapter 7 bankruptcy 105

American Profit Recovery

SEPTEMBER 8, 2023

Bankruptcy can affect your ability to collect debt A consumer ‘s current financial situation does not dictate what the future may hold for them. And that includes bankruptcy. When using that debt collection agency, make sure you follow the system that includes sending over accounts on a regular schedule.

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Collections Bankruptcy Collection Agencies Collections Agency 228

Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation.

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Personal loans Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy 98

Sawin & Shea

MARCH 30, 2021

Nobody wants to be in a situation where they have to file for bankruptcy, but for the self-employed, it can be a doubly crushing blow. You may even have doubts about whether or not self-employed people are eligible to file for bankruptcy. For both of these types of bankruptcy, you will need to gather some paperwork. Chapter 13.

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Account Recovery

SEPTEMBER 30, 2020

The Attorney General of Ohio has announced the filing of a lawsuit against a collection agency, accusing it of attempting to collect on debts that have been discharged in bankruptcy or those that do not exist at all, and doing so by making threats and contacting family members and co-workers of the individuals from whom … The post Ohio AG Launches (..)

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Collection Agencies Collections Agency Bankruptcy Collections 147

UK debt collections

JULY 7, 2022

The Insolvency has issued a statement on its use of Private Debt Collection Agencies this week. It also refers to collecting payments from companies that are in liquidation. money owed relating to bankruptcies and companies in liquidation. The debt collection agency will write to you and you should pay them directly.

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Collection Agencies Collections Agency Collections Debt collector 59

Account Recovery

AUGUST 13, 2024

The plaintiff, who initially alleged multiple violations of the bankruptcy provisions of the FDCPA, saw her case gradually dismantled until only the FDCPA claim remained. The Background: The plaintiff’s lawsuit against the defendant, a collection agency, alleged violations of the FDCPA and specific provisions of the bankruptcy code.

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Bankruptcy Fair Debt Collection Law Firms Collection Agencies 130

The Kaplan Group

MARCH 13, 2020

As a collection agency, we obviously think that we’re in the best position possible to help you collect on unpaid invoices. Typically, it’s better to go to a collection agency first. If a debtor declares bankruptcy or is out of business by the time you win a case, you most likely won’t get paid.

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Sawin & Shea

FEBRUARY 1, 2023

The time period leading up to filing for bankruptcy is extremely stressful, as you know. Who knows how to get debt collectors to stop calling after bankruptcy? How long after filing for bankruptcy do collectors keep calling? You may be hearing from creditors who will not be affected by your bankruptcy. It is illegal.

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Sawin & Shea

AUGUST 30, 2023

What is Bankruptcy? Bankruptcy is an opportunity for someone to forge their way through what seems like an impossible debt-ridden situation and come out the other side. Although businesses can also declare bankruptcy, we will focus on personal bankruptcy in this article. Which Debts Cannot be Discharged in Bankruptcy?

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Troutman Sanders

JANUARY 20, 2023

Creditors and debt collectors may rest assured that they are not violating the Fair Debt Collection Practices Act (FDCPA) when sending debt-collection communications prior to any knowledge of a debtor’s bankruptcy filing. CICA Collection Agency, Inc. , In Carrasquillo v.

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Bankruptcy Debt collector Debtor Collection Agencies 59

Taurus Collect

JUNE 12, 2023

If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Understanding this core information is key for any successful collections process. This can include court judgments, liens, bankruptcies, and foreclosures.

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Collection Agencies Collections Agency Collections Debt collector 52

Sawin & Shea

JUNE 9, 2021

You may feel as if no one is on your side, but you do have some protection from collection agencies. The FTC makes sure that the FDCPA (Fair Debt Consumer Protection Act) is followed by collection agencies. There are approximately 7,000 collection agencies in the U.S.

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Debt collector Collection Agencies Collections Agency Bankruptcy 94

Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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Sawin & Shea

NOVEMBER 24, 2021

However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do?

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Sawin & Shea

NOVEMBER 24, 2021

However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. An automatic stay is a fundamental part of bankruptcy that protects debtors from creditor actions. What Does an Automatic Stay Do?

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Sawin & Shea

MARCH 16, 2021

Debt collection agencies can’t wait for the new rules to go into effect later this year. Many debt collectors already push the boundaries of what’s allowed, contacting people relentlessly and sometimes violating the Fair Debt Collection Practices Act (FDCPA). Stop Debt Collection Efforts with Bankruptcy.

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Debt collector Bankruptcy Creditors Fair Debt Collection 98

Sawin & Shea

AUGUST 4, 2021

If you are struggling to pay other debts, a bankruptcy will make more sense for you. What if you file for Chapter 7 bankruptcy? The Indianapolis bankruptcy attorneys at Sawin & Shea LLC can help you find the best way out. Is it better than bankruptcy? This is not a problem for debts discharged in bankruptcy.

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Better Credit Blog

APRIL 1, 2022

Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. This is most effective when you’re trying to remove late payments, paid collections, or paid charge-offs. A goodwill letter is really easy to write.

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Debt Free Colorado

FEBRUARY 21, 2022

Bankruptcy may appear to be a scary process, but it does not have to be. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation. When collecting a debt from you, collection agencies must adhere to federal and state rules.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

Troutman Sanders

FEBRUARY 7, 2023

On January 9, the Seventh Circuit overturned its own 39-year-old precedent to find that: (1) the definition of “transfer” for purposes of section 547 of the Bankruptcy Code depends on federal, not state, law; and (2) the date of “transfer” is the time at which the money passes to the creditor’s control. Creditmax Collection Agency, Inc. ,

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Bankruptcy Garnishment Debtor Debt collector 52

Nexa Collect

FEBRUARY 24, 2022

A higher number of people are file for bankruptcy. So whenever your AR is over 60-90 days past due, hire experts – Hire a collection agency. People divert their finances towards more necessary expenses like food and rent over other bills obligated to pay, but feel they can be deferred. The list goes on.

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Debt Recovery Collection Agencies Collections Agency Debtor 100

Taurus Collect

JUNE 12, 2023

If clients fail to stick to their payment plans as agreed, debt collection agencies are often needed in order to help recoup any losses incurred. Understanding this core information is key for any successful collections process. This can include court judgments, liens, bankruptcies, and foreclosures.

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Collections Agency Collection Agencies Collections Debt collector 40

Taurus Collect

DECEMBER 29, 2022

You have to deal with bad debts and clients who have filed for bankruptcy. Read on to understand what to do when a client files for bankruptcy. Under the law, creditors cannot communicate with the debtor if they have filed for bankruptcy. Discern the bankruptcy type. Cut off contact. Do the math.

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Bankruptcy Unsecured Creditor Creditors Debtor 52

Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Credits Inc

OCTOBER 16, 2019

million in debt was recovered by debt collection agencies. This reflects their effectiveness in debt collection as well as keeping you in business should you require their services. Here is a detailed guide to help you understand more about a debt collection agency. business debt collection services. ,

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Collections Agency Collection Agencies Collections Debt Recovery 40

Better Credit Blog

OCTOBER 5, 2020

Instead, take a look at our guide to dealing with AT&T Collections to ensure the company’s collections entry gets removed from your credit report. How Does AT&T Collections Agency Work? AT&T is a completely legitimate business, and so is its collections department.

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Collection Agencies Collections Agency Collections Debt collector 52

The Kaplan Group

AUGUST 6, 2020

If your clients or customers owe you money, consider talking to a collection agency like ours for advice on how to solve the problem. Declare Bankruptcy. If you can’t amicably negotiate debt restructuring with your creditors, Chapter 11 bankruptcy is an option. Another option is to allow yourself to get sued.

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Credits Inc

OCTOBER 25, 2019

A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. As a business, there is little you can do when a customer declares bankruptcy. Credit Analysis.

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Turbo Recovery

JANUARY 17, 2017

Whether this is a one-time issue or an ongoing occurrence, you need to be aware of how to handle these situations and when it’s time to place your uncollected debt with our professional debt collection agency and law firm. The sooner you send the debt to a Columbus debt collection agency / law firm the higher the chance of recovery is.

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Collection Industry News

DECEMBER 27, 2022

This bestseller by Marketdata examines the $15 billion business of debt collection agencies. The study examines consumer debt and bankruptcy trends, major market segments and more. Complaints by consumers about harassment by collectors still exists and tops the list of complaints to the FTC.

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PDC Flow

FEBRUARY 27, 2025

The debt collection process can be tricky. Collection agencies must follow regulations strictlyor youll find your business in jeopardy. Compliance can be even harder when scammers actively try to disrupt your debt collection practices through call baiting. They often do this to buy time and avoid bankruptcy.

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Collections Debt collector Debtor Fair Debt Collection 52

The Kaplan Group

JUNE 15, 2020

So, it’s no surprise that people are falling behind on their bills, and that some people have received calls from a collection agent. If you are receiving calls from a collection agency, the most important things to know are that you should not panic and you should not ignore the call. When You Get a Phone Call. Debt Counseling.

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Sawin & Shea

JULY 20, 2022

Have you ever been incessantly contacted by a debt collection agency trying to get money from you? It can be difficult to understand just what exactly these agencies are legally allowed to do, and what crosses the line. The majority of debt collectors work for reputable collection companies. That’s why we’re here to help.

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Debt collector Collection Agencies Collections Agency Bankruptcy 78

Better Credit Blog

MARCH 2, 2021

Read on to learn more about H&R Accounts and how you need to respond to their collection attempts. H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois. A division of Avadyne Health, H&R Collections, Inc. mostly collects on debt in the healthcare industry. Harassment.

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Collection Agencies Collections Agency Healthcare Debt collector 95

UK debt collections

MARCH 25, 2022

Trophies won by tennis sporting legend Boris Becker were auctioned off for £700,000 to pay debts off as part of his bankruptcy a court has been told. Southwark Crown Court was told on last Thursday that BBC commentator Becker was ‘frustrated’ with the bankruptcy process , which continues to this day.

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