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.

Garnishment 105

Garnishment Bankruptcy Creditors Debtor 105

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. ,

Bankruptcy 52

Bankruptcy Garnishment Debtor Debt collector 52

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?

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

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?

Bankruptcy 52

Bankruptcy Garnishment Repossession Foreclosure 52

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?

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

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.

Debt collector 94

Debt collector Collections Agency Collection Agencies Bankruptcy 94

Credit Corp

JUNE 3, 2020

The company, creditor or collection agency has legal ways to pursue payment. The judgment creditor can then use that court judgment to try to collect money from you. Common methods include wage garnishment , property attachments and property liens. This is known as wage garnishment. Nonwage garnishment.

Judgment 98

Judgment Garnishment Creditors Law Firms 98

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.

Debt collector 98

Debt collector Fair Debt Collection Collections Agency Collection Agencies 98

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.

Collections 52

Collections Debt collector Debtor Fair Debt Collection 52

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.

Debt collector 78

Debt collector Collections Agency Collection Agencies Bankruptcy 78

Debt RR

AUGUST 3, 2020

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?

Garnishment 40

Garnishment Banks Student Loans Student loans 40

Sawin & Shea

FEBRUARY 2, 2022

We can help you file a Chapter 7 or Chapter 13 bankruptcy, or we can point you in another direction if bankruptcy is not right for you. If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments. Bankruptcy. Debt Settlement.

Credit Card Debt 72

Credit Card Debt Chapter 13 bankruptcy Bankruptcy Creditors 72

Credit Corp

JUNE 14, 2023

Your creditor may sell your charged-off debt to a collection agency for pennies on the dollar. The collection agency may then attempt to collect the debt anew. Bankruptcy: Seven or 10 Years Bankruptcies show up in the public records section of credit reports.

Foreclosure 89

Foreclosure Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy 89

The Kaplan Group

OCTOBER 19, 2020

FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Garnishment.

Credit Counselor 59

Credit Counselor Garnishment Debt settlement Fair Debt Collection 59

BN Lawyers

APRIL 30, 2019

Debtors who have filed for bankruptcy and received their Discharge often continue to receive collection letters and phone calls from their creditors. Some creditors even go so far as to sue on these discharged debts or garnish wages and bank accounts. What is the Bankruptcy Discharge?

Bankruptcy 40

Bankruptcy Creditors Debtor Loans 40

Debt Guru

APRIL 12, 2020

The resulting court judgment remains public for seven years, and a successful lawsuit can lead to garnishment of your wages or even seizure of your assets. Some payday lenders are quick to report default or sell loans to a collections agency. How Can Protect Yourself If You Need a Payday Loan?

Loans 98

Loans Lender Credit Unions Credit Unions 98

Sawin & Shea

NOVEMBER 15, 2023

If you’re struggling with financial hardship, filing for bankruptcy can be an effective way to get back on your feet. But filing for bankruptcy in Indiana doesn’t mean every outstanding debt you’ve ever incurred gets wiped away. Declaring bankruptcy will discharge most types of debt but not others. What do we mean by this?

Unsecured Debt 52

Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Jimerson Firm

FEBRUARY 5, 2021

The loan balance is uncollectable due to discharge in bankruptcy, expiration of the statute of limitations, or the existence of another defense available to the remaining obligors under state or federal law. SOP 50 57 2 ; SOP 50 55. What Does It Mean to Charge-Off a Loan?

Loans 89

Loans Lender Collateral Bankruptcy 89

Credit Corp

JULY 20, 2020

A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. Even when a company writes off your debt as a loss for its own accounting purposes, it still has the right to pursue collection. This could include suing you in court for what you owe and requesting a garnishment of your wages.

Debt Consolidation 98

Debt Consolidation Creditors Creditworthiness Third-party Debt Collectors 98

Sawin & Shea

MARCH 27, 2024

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Creditors 52

Direct Recovery

APRIL 18, 2023

Of course, there is also the fact that you’re probably more concerned with running your own business than collecting from a failed one. That’s why many small business owners prefer to hire commercial debt collection agencies to manage collections on their behalf. What is Commercial Debt Collection?

Collection Agent 52

Collection Agent Collections Debt collector Collections Agency 52

Burt and Associates

SEPTEMBER 23, 2019

The creditor may either use in-house debt collectors or hires an outside debt collection agency. This debt collector then will seek out to collect the past-due debt on the creditor’s behalf. This occurs when a debt collection agency buys out a past-due debt from a creditor at a discounted rate.

Debt collector 58

Debt collector Credit Counselor Creditors Collections Agency 58

Better Credit Blog

SEPTEMBER 17, 2020

The article below details how A1 Collections works and what you can do to get a collections entry deleted from your report. What Is A1 Collections? A1 Collections is a totally legitimate debt collection agency. Sometimes, an agency has the documentation it needs to proceed with its collection attempts.

Collections 52

Collections Collections Agency Collection Agencies Third-party Debt Collectors 52

Better Credit Blog

AUGUST 31, 2020

Estimates suggest that close to one-third of Americans have debt in collections. Even a single entry from a collections agency can do damage to your credit score for several years. Read on for a quick guide to dealing with the collections agency and getting it deleted from your report. The good news?

Debt collector 52

Debt collector Collections Agency Collection Agencies Third-party Debt Collectors 52

Collection Industry News

SEPTEMBER 23, 2020

. • Whatever the reason, ignoring a debt collection lawsuit can mean big trouble. In Alabama, if a judgment is entered against you, the creditor who got the judgment can do several things as far as trying to collect on the judgment. • Filing bankruptcy. The stay freezes collection action, including debt collection lawsuits.

Collections 40

Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

Better Credit Blog

SEPTEMBER 8, 2020

If the collection agency cannot verify your debt in a timely manner, it should be omitted from your report promptly. You should see an improvement to your credit score and stop getting calls from the agency within a month. They might even threaten to garnish your wages, depending on where you live.

Debt collector 52

Debt collector Collections Agency Collection Agencies Collections 52

Better Credit Blog

MAY 12, 2022

And, after ordering you to repay the money, a judge could approve wage garnishment which means the court would take part of your paycheck and give it to the creditor before you even see the money! Get this agreement in writing, and don’t give a creditor or collection agency your bank account information or credit card number.

Judgment 71

Judgment Creditors Debt collector Collections Agency 71

Taurus Collect

MARCH 5, 2024

Creditors may take legal action to recover the debt, which might result in wage garnishment or a lien against your property. Increased Debt Through Fees and Interest: Many collection agencies add additional fees and interest to the original debt amount. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.

Debt collector 52

Debt collector Asset liquidation Debtor Education 52

Better Credit Blog

APRIL 11, 2022

If the status is “collection,” “charge off,” or a similar term, the account has been terminated with an unpaid balance. This could also mean the same debt appears separately as a collection agency account. That can include any of the following: Bankruptcy. Garnishments. We’ll get to that process in a bit.

Creditors 15

Creditors Loans Credit Bureau Lender 15

Credit Corp

JUNE 14, 2020

Here’s one example of how a zombie might rise with help from a collection agency. The original lender or collection agency fails to collect within the statute of limitations. That collection agency may report the debt as owed to the credit bureaus. That can include wage garnishment or levies.

Debt collector 98

Debt collector Judgment Collections Agency Collection Agencies 98

Sawin & Shea

OCTOBER 5, 2022

Federal loans charge high-interest rates, and if you default, the government could sell your loan to a collection agency. When you default on a federal student loan, the government can garnish up to 15% of your wages or social security income without a court order. They can even intercept your federal tax refund.

Student loans 93

Student loans Student Loans Loans Garnishment 93

Collection Industry News

SEPTEMBER 8, 2020

h) They will seize, garnish, attach, or sell property or wages, unless the collection agency or creditor intends to do so, and it is legal to do so. k) Sending you anything that looks like an official document from a court or government agency, when it is not. b) Implying that you have committed a crime.

Fair Debt Collection 40

Fair Debt Collection Collections Debt collector Credit Bureau 40