Account Recovery

NOVEMBER 7, 2024

TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. It’s the collective dedication to integrity, fairness and compassion that truly inspires me. It’s funny. I have many.

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Financial services Debt Recovery Bankruptcy Collections 130

Jimerson Firm

FEBRUARY 10, 2022

Generally, if debtors owe a debt to a lender, and the lender cancels or forgives that debt for less than its full amount, the debtor is treated for income tax purposes as having income and may have to pay tax on this income by virtue of a 1099-C filing from the lender. Charging Off” Uncollectable Debt. See Caplinger v.

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Lender Credit Unions Credit Unions Collections 98

Collections Law

SEPTEMBER 21, 2020

If you are unlucky enough to have done business with construction companies or property owners who seem to be rolling in cash, but never have time to pay, you’ll soon find out the importance of a mechanic’s lien in Massachusetts in debt recovery. Why Should I File a Mechanic’s Lien With a Trusted Attorney?

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Mechanic’s Liens Debt Recovery Collections Construction 52

Qualco

NOVEMBER 7, 2023

To identify the best solution for Non-Performing Loans (NPLs) , stakeholders such as lenders, servicers, and debt collection agencies need to deploy all available tools, starting a thorough appraisal of the NPL portfolio via a dedicated Workout Unit. A significant factor to consider is regulatory compliance.

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Financial Institution Debtor Loans Collateral 105

Taurus Collect

DECEMBER 18, 2023

An inevitable part of this financial management is the realm of commercial debt collection. In this blog post, we will delve into the tips and strategies that will help you navigate commercial debt collection effectively. No Win, No Fee: This model offers risk-free debt recovery.

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Collections Debtor Debt Recovery Collection Agencies 52

Collections Law

AUGUST 30, 2024

When you’re struggling to collect on a business debt, sometimes, you need to rely on effective tools and creative strategies. Our aggressive and relentless commercial collections attorneys have more than 50 years of combined experience. What is a mechanic’s lien? What is a payment bond?

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Mechanic’s Liens Commercial Collection Construction Lawyers 52

UK debt collections

JULY 14, 2022

The decision to renew the contracts was deemed a “key decision by virtue of its importance to ensuring robust collection mechanisms are in place to ensure the financial resilience of the council.”. The report to councillors said referring to agents was “one element of the revenues and benefits service post Covid-19 recovery plan.

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Debt collector Debt Recovery Collections 59

Nexa Collect

JUNE 24, 2023

You should discuss these points with the compliance superior of your collection agency. Since collection agencies fall under GLBA laws, they are subjected to the same strict laws as large financial institutions like banks. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Collections Law

MAY 12, 2022

If you have a customer who has not paid their bill, you might be wondering how long you have to collect on it. Perhaps you have tried to collect on your own to no avail and you are wondering what steps you should take next. In Massachusetts, all general debts have a six year statute of limitations on them for collection.

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Collections Judgment Debtor Commercial Collection 52

Nexa Collect

NOVEMBER 1, 2021

How do traditional payment methods work to collect payments? Cash-based mechanisms build on a trusted system supported by the legal and regulatory bodies and are accepted mediums of exchange between judiciaries. Otherwise, the Debtor will pay his Debt & send a digital transaction to the Creditor in the blockchain network.

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Taurus Collect

FEBRUARY 1, 2024

Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered.

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Collections Law

JUNE 15, 2020

Whichever niche within the construction industry you cater to – everything from being a supplier to a general contractor, subcontractor or worker – on a property improvement or home remodeling project, you may have the right to utilize the mechanic’s lien for your debt recovery. Mechanic’s Lien—What is it and How Does it Work?

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Mechanic’s Liens Construction Debt Recovery Lawyers 52

Collections Law

MARCH 8, 2021

However, the construction industry has its own unique debt collection tool on its side, and hundreds of professionals turn to mechanic’s liens every day. But who is eligible for a mechanic’s lien? For those situations where it is applicable, having the experienced collection attorneys at the Law Offices of Alan M.

Mechanic’s Liens 52

Mechanic’s Liens Construction Judgment Debt Recovery 52

Collections Law

AUGUST 20, 2023

No one can guarantee a mechanic’s lien will ultimately result in payment, but we employ aggressive yet ethical tactics to increase the odds of success. We know how to perfect on and collect on these liens – and what steps to take next. Get your mechanic’s liens done right the first time and every time The Law Offices of Alan M.

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Mechanic’s Liens Construction Collections Debt Recovery 52

Debt RR

DECEMBER 13, 2019

Businesses restructuring debt typically do so because they’re having trouble meeting obligations, and it goes both ways. A B2B company may be in financial trouble because it’s having trouble collecting on its own outstanding invoices. What Is Corporate Debt Restructuring? Many businesses are both debtors and creditors.

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Chapter 7 bankruptcy Bankruptcy Creditors Retail 42

Collections Law

JANUARY 9, 2025

Before a business owner can file a mechanics lien for an unpaid construction or building debt, they must first establish a contract by filing a notice of contract. What is a notice of contract and why do you need it for a mechanics lien? What are the requirements of a mechanics lien? At Law Offices of Alan M.

Mechanic’s Liens 52

Mechanic’s Liens Construction Commercial Collection Lawyers 52

Burt and Associates

OCTOBER 31, 2024

About Transcript About CFPB 2024 Annual Report on Activities to Administer the Fair Debt Collection Practices Act I. Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Rental Debt 1.2.1 Conclusion: Summarizes the key findings and trends in medical and rental debt collection.

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Collections Debt collector Education Fair Debt Collection 52