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A debt collection attorney is an attorney like all others. Some attorneys may choose to further their legal education by pursuing a secondary degree, such as an LLM (master of laws). A debt collection attorney regularly collects monies owed by one party to another. However, this might not be the best idea.
Recently, the New York Senate approved Senate Bill S6522A, introduced in May 2021, which provides an exception to some of New York’s judgmentenforcement tools. The exceptions sought would apply to money judgments obtained by most medical providers. Medical providers would lose this remedy to collect. Lien on Property.
Editor’s Note: On November 3, 2016, Smith Debnam’s Jerry Myers attended a meeting with the CFPB to discuss the proposed rules for third party debt collection. On Thursday November 3, 2016 I joined a group of colleagues for a meeting with the CFPB to discuss its proposed rules for third party debt collection.
Although the motivations for the subpoenas are focused on the criminal end, it should be noted that if a company pays education tuition, medical, or any other personal expenses from company funds, corporate barriers that protect an owner’s personal assets risk coming down. Do not pay personal expenses out of the company’s account.
The FDCPA prohibits a collector from placing “any language or symbol” on a debt collection envelope, other than the collector’s address. A collector cannot even put its own name on the envelope, unless the collector is certain the name does not indicate that the company is in the debt collection business. Diversified Collection Servs.,
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