Banks Garnishment Healthcare 
Account Recovery
SEPTEMBER 25, 2024
These new laws, set to take effect in 2025, will reshape how medical debt is reported, expand consumer protections, and alter the landscape for commercial debt collection.
Account Recovery
NOVEMBER 9, 2023
A new law that went into effect last week in Minnesota requires hospitals to check whether patients are eligible for charity care before sending an account to a third-party collection agency, while also placing new requirements when seeking to collect on a medical debt by garnishing wages or bank accounts of individuals.
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FFGN COLLECT NY
JUNE 3, 2020
With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?
FFGN COLLECT NY
NOVEMBER 30, 2022
As of now, creditors holding judgments obtained for consumer debts are still able to restrain an individual’s bank account, assuming the amount in the account exceeds the exempt amount. The state also recently imposed new requirements for supporting and additional documentation for creditors filing suit for consumer claims.
FFGN COLLECT NY
JUNE 24, 2022
If you are wondering if you will be affected as a medical provider, you can search the definition as it relates to hospitals organized by the Public Health Law and healthcare professionals authorized under Title 8 of the education law. Lien on Property. Medical providers would lose this remedy to collect.
Troutman Sanders
JULY 27, 2020
3841, a bill that protects the stimulus funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from being garnished by judgement creditors and debt collectors, similar to how Social Security payments are exempt from being garnished. On July 23, 2020, the Senate unanimously passed S.
Collection Industry News
JANUARY 13, 2025
Advocate Health, one of Americas largest hospital chains, says it is working hard to confront one of the biggest problems in US healthcare today promoting itselfas a leader in the effort to solve the nations medical debt crisis. The health system also added: We recognize that no large organization is perfect or without a need to improve.
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