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Compliance Digest – April 7

Account Recovery

Judge Partially Grants Defendants Motion for Reconsideration in FDCPA Case The joke about lawyers is that their answer to any question is never a straight answer it always depends. The plaintiff must demonstrate that the FDCPA violation resulted in harm (e.g., financial or reputational harm), otherwise, the plaintiff lacks standing.

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How can you secure a debt owed to you before you get a judgment?

Collections Law

Using an ex-parte trustee attachment to secure your debt An ex-parte trustee attachment involves garnishing funds held by a third party on behalf of the debtor. This can include bank accounts, accounts receivable or other financial assets. This attachment provides a strong incentive for debtors to settle their obligations.

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Post-judgment collection tools: Attaching a debtor’s bank account

Collections Law

With a thorough understanding of the idiosyncrasies of Massachusetts collections laws, they can lend their extensive knowledge to your company’s outstanding debts with post-judgment collection strategies, like bank attachments. What is a bank attachment? A bank attachment is a powerful post-judgment collection tool.

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Will a Bankruptcy Trustee Contact My Employer?

Sawin & Shea

Additionally, your employer may find out about your bankruptcy if creditors garnished your wages before you filed. Creditors can garnish your wages if you fail to make payments. Your employer or supervisor won’t necessarily know about your wage garnishment, but your payroll department will. Can I Be Fired for Filing Bankruptcy?

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What is a Judgment?

Credit Corp

This includes opening a credit card account, getting a line of credit from your bank and obtaining financing for a big purchase. Common methods include wage garnishment , property attachments and property liens. That means judgment creditors can seek debt payment from more than your wages and bank accounts. Nonwage garnishment.

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What is an Emergency Bankruptcy Filing?

Sawin & Shea

If you’re in an emergency situation such as wage garnishment, eviction, or pending repossession filing an emergency bankruptcy may be right for you. Contact a Bankruptcy Lawyer. Those filing an emergency bankruptcy receive an automatic stay even before completing certain documents. Filing for Emergency Bankruptcy.

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The Importance of an Experienced Collections Lawyer After COVID-19

Collections Law

When we win your case, collecting the judgment may be made easier if monies were previously frozen by way of an ex parte bank or trustee attachment. The ex parte bank attachment is also a powerful tool our collections lawyers use to collect post judgment. The first is through a regular real estate attachment motion.

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