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FTC Action Leads to Court Order Halting Phantom Debt Collection Scheme That Took Millions from Consumers and Threatened Consumers’ Credit, Homes, and Employment

Collection Industry News

As result of FTC lawsuit, federal court issues temporary restraining order halting scheme that sent fictitious debt collection notices to consumers nationwide As a result of a Federal Trade Commission lawsuit, a federal court hastemporarily haltedthe operations and frozen the assets of a phantom debt collection scheme and its operators.

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Calculating Wages for Garnishment

FFGN COLLECT NY

An income execution (also known as a garnishment) is another manner of collecting a money judgment. How to Calculate Wages For Garnishment. It should be noted that only the wages of employees making above a certain threshold can be garnished. in order to be garnished. per hour, which is $450.00.

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

Collections Law

When you are pursuing a commercial collections lawsuit against a business debtor, it is easy to assume that payment is just around the corner. Cohen & Associates LLC, our commercial collections attorneys have more than 50 years of experience helping businesses collect unpaid debts. At Law Offices of Alan M.

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Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

FFGN COLLECT NY

With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?

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Senate Passes Bill Shielding COVID-19 Relief Payments from Private Debt Collectors

Troutman Sanders

This bill protects stimulus funds provided under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) from being garnished by private debt collectors. This protection is similar to how Social Security payments are barred from garnishment. As part of S. For non-electronic payments, S. For non-electronic payments, S.

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A Comprehensive Overview of How Commercial Debt Collection Agencies Work

Debt RR

Sometimes, that debt gets out of hand and businesses find themselves on the receiving end of calls from commercial debt collection agencies. Here’s everything businesses need to know about commercial debt collection agencies and how to manage communication without disrupting day-to-day operations. How Long Can a Debt be Pursued?