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Collecting Business Debt: Six Best Practices When Working With A Collections Agency

Taurus Collect

If your business is struggling to collect payment on outstanding debt, you may be considering working with a collections agency. After all, debt collection can be an intricate and sensitive process – one not to be taken lightly – so it is wise to choose an experienced debt collection agency.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

Additionally, you can discharge a loan regardless of whether the original lender has the loan or whether the lender sold it to a collection agency or debt buyer. With secured personal loans, you need to pay a required amount either through the plan or during the plan.

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Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

However, it is important to note that before bankruptcy is declared, lenders can still come after you to get you to pay off the unsecured debt. They may use collection agencies , or they may sue you (asking the court to garnish wages, take an asset, or put a lien on your home).

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How Aggressive Collections Attorneys Can Aid in Massachusetts Debt Recovery

Collections Law

Cohen LLC will work relentlessly to make sure you recover your bad debt. Collection agencies are passive organizations that make the same effort you were making before you brought them on board. Unlike Others, We Aggressively Seek Pre-Judgment Attachments to Secure Debt Recovery. At the Law Offices of Alan M.

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Discharge in Bankruptcy – Bankruptcy Basics

Sawin & Shea

You are not allowed to have more than $465,275 of unsecured debt (such as credit card or medical debt) or more than $1,395,875 of secured debt (such as a house, property, or vehicle). Under Chapter 13 Bankruptcy, you have time and a plan in which to repay your debts. Collection agency bills.

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National Debt Relief Review

Better Credit Blog

The company’s highly knowledgeable debt arbitrators have spent more than a decade forming positive working relationships with several creditors and collection agencies. No unexpected bill once you’re free from debt. The firm can deal only with unsecured debts, including credit card bills. Business debt.