Banks Law Firms Secured Creditor 
UK debt collections
OCTOBER 2, 2024
The administrators of a collapsed Liverpool law firm have admitted they do not know if creditors will receive a return, amid ongoing uncertainty over exactly how the business came to grief. Meanwhile, the amount owed to creditors within a year jumped from £5.8m Headcount grew from 24 in 2022 to 69 a year later.
Jimerson Firm
NOVEMBER 16, 2020
In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession. Barnett Bank of Pensacola , 397 So. 679.609, Fla.
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Jimerson Firm
NOVEMBER 23, 2020
Self-Help Repossession: In Florida, a secured creditor may use self-help repossession to take possession of collateral, provided its efforts do not breach the peace. Florida case law provides that a breach of the peace occurs if the secured creditor enters the debtor’s land to repossess the collateral, without the debtor’s consent.
Collection Industry News
DECEMBER 21, 2020
Wells Fargo Bank , N.A., In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a law firm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. In so ruling, the Ninth Circuit concluded that its holding in Walls v. 3d 502 (9th Cir.
Jimerson Firm
JULY 1, 2020
Furthermore, in the event the collateral was pledged to multiple lenders, lenders will need to know how to discern whether their assignment of life insurance takes precedent over the collateral interest of a competing secured creditor. Capital Bank , 384 So. 1940) (applying Florida law); Boulevard Nat’l Bank of Miami v.
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