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CommercialCollection Agencies of America has elected its new Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., David Herer of ABC-Amega, Inc.,
Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of combined experience helping our business clients collect on their unpaid debts. By utilizing aggressive, relentless and innovative tactics, ethically allowed under Massachusetts laws, we help clients collect unpaid judgments.
If you run any sort of business, it is almost inevitable that someday, you will have to attempt to collect on an unpaid debt. Unpaid debts present numerous challenges for creditors. If you are dealing with a suspicious debtor, our ethical commercialcollections attorneys are relentless about pursuing unpaid debts.
It may be time to consider hiring a commercialcollection agency. We’ve spent a lot of time on this blog discussing: Turning debt over to a collection agency Choosing the right collection agency for your business Innovative steps for protecting your business now and in the future. What is a CommercialCollection Agency?
Cohen & Associates LLC, our experienced commercial litigation attorneys focusing on commercialcollections practice aggressive, relentless and ethical debt collection tactics to help Massachusetts businesses and out of state creditors owed monies from Massachusetts debtors collect their unpaid debts.
Once you win your judgment case against someone who owes you money, you should be able to collect on your judgment and move on with your life. As experienced commercialcollection attorneys at Law Offices of Alan M. Cohen LLC, we are often called on to assist with commercialcollection cases. Cohen LLC.
Cohen & Associates LLC, our commercialcollections lawyers have more than 50 years of combined experience. They have dedicated their practice to collectingcommercial debts in Massachusetts. Uniform Commercial Code (UCC) – MGL c.106: At Law Offices of Alan M. At the Law Offices of Alan M.
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. 679.609, Fla. What Does it Mean to “Breach the Peace”? 2d at 625 (Fla.
Cohen & Associates LLC, our Massachusetts commercialcollections attorneys have over 50 years of experience in aggressive, relentless, effective and commercial debt collection including but not limited to judgment enforcement and domestication. At Law Offices of Alan M.
By taking preemptive measures, you can set a solid foundation that will help you get paid, even if a creditor becomes delinquent. Our commercialcollections litigation attorneys at Law Offices of Alan M. When it comes to commercialcollections, our litigators are relentless and aggressive, but ethical.
For more information or to locate a certified commercialcollection agency, please visit, www.commercialcollectionagenciesofamerica.com The post CommercialCollection Agencies of America Gives Back appeared first on Collection Industry News. Contact: Annette M.
— CommercialCollection Agencies of America recently announced that through its initiative, CommercialCollection Agencies of America Gives Back , a portion of the proceeds of its virtual annual meeting has been given to Mental Health Advocates of WNY, formerly known as the Mental Health Association of Erie, New York.
Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of combined experience. We exclusively practice aggressive and relentless, yet ethical debt collection. A judgment is just a judgment, but a judgment gives a creditor the power to move on to post-judgment actions.
December 15, 2021-Chicago-CommercialCollection Agencies of America announced that through its. initiative, CommercialCollection Agencies of America Gives Back, a portion of the proceeds of its. In addition to 4KIDS, CommercialCollection Agencies of America has also been fortunate to donate a.
January 5, 2022-Chicago-CommercialCollection Agencies of America has elected its new. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc.,
Cohen & Associates LLC, our commercialcollections attorneys have over five decades of commercialcollections experience. Our firm’s attorneys relentlessly and aggressively pursue the collection of debts on behalf of our clients while maintaining the utmost ethical standards to do so. At Law Offices of Alan M.
Cohen & Associates LLC, our Massachusetts commercialcollections attorneys are respected for their aggressive and relentless ethical debt collection strategies and tactics. We have successfully pierced the corporate veil to collect on debts from the creditor company’s owners or shareholders.
Aggressive and Relentless Collection Tactics Legal tactics that can result in payment can include: Bank attachments. A trustee attachment is a legal tactic allowing a creditor to freeze monies in non-exempt bank accounts. As the name provides, this tactic gives the creditor a security interest in the debtor’s real estate.
Cohen LLC, we employ many different methods of collecting for our clients, but when the debtor fails to cooperate, we may turn to the courts for help through supplementary process. The creditor must request the arrest and attest that they believe the debtor intends to leave Massachusetts to avoid paying the debt.
Guarantees can be classified as being either guarantees of payment or guarantees of collection, and the distinction is important to recognize. A guarantee of payment is a far more effective tool , as it allows a creditor to proceed directly against the guarantor without the necessity of taking any action against the primary obligor [debtor].
If you are having trouble collecting a commercial debt, you may wonder what you can do to make the debtor pay. The experienced commercialcollections attorneys at the Law Offices of Alan M. In certain cases, a creditor can request a special real estate attachment in such property.
The goal is to move the asset outside of the creditor’s reach. When a debtor waits until a creditor is about to seize an asset to gift it to a friend or relative, the court will likely treat the transfer as suspect. The experienced commercialcollections attorneys at Law Offices of Alan M.
Although commercial debtors do not enjoy the same level of protection as consumer debtors do, this does not mean they are left at the mercy of creditors and debt collection agencies (DCAs). The business debt collection laws protect them. Like the Fair Debt Collection Practices Act, the U.S.
Cohen & Associates LLC, our ethical commercialcollections attorneys are well-known for their aggressive, relentless and innovative debt collection tactics. A bank attachment is a powerful post-judgment collection tool. For commercialcollections, an attachment is a fast and efficient way to pursue payment.
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.
When it comes to commercialcollections, personal guarantees can be a powerful tool. Cohen & Associates LLC, our Massachusetts commercial litigation collections attorneys have more than 50 years of debt collection experience. How is a personal guarantee used in commercialcollections?
Cohen & Associates LLC, our commercialcollections attorneys have more than 50 years of experience helping Massachusetts and out-of-state creditors seek judgments from their debtors and collect on unpaid debts. Our commercialcollections attorneys are aggressive and relentless.
This is often done in an effort to put their money out of reach from rightful creditors like you. We handle business and commercialcollections for companies of all sizes and in any industry. These trusts are sometimes called “creditor-resistant.” They’re creditor-resistant, but that doesn’t mean creditor-proof.
When this happens, skip the collection agencies and choose a collections attorney to help you. Attorneys do more than collection agencies Collection agencies will work on behalf of a creditor to collect debts owed to the creditor. A commercialcollections attorney is held to higher standards.
When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. What is an ex parte attachment?
When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. What is an ex parte attachment?
Wednesday, April 7, 2021-Chicago- CommercialCollection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. To contact CommercialCollection Agencies of America, email Executive Director, Annette M.
This is where the commercialcollection agency enters. Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercialcollection agency is unlike a consumer collection agency. B2B Collection FDCPA and Regulations. The end-target is different.
Filing your proof of claim Once you receive notice that your debtor has declared bankruptcy, you should review the paperwork and your status as a listed creditor. Preference actions happen when a business debtor pays a creditor within 90 days of filing for bankruptcy. Cohen LLC, we use several methods to pursue these debts.
draft settlement statement. satisfactory arrangements must have been made for payment of the SBA loan balance that will remain after receipt of the sale proceeds, unless the release is part of a compromise agreement.
5) The borrower’s proposed treatment of the SBA loan must be fair and equitable in comparison to the treatment to be received by the borrower’s other creditors. 5) The borrower’s proposed treatment of the SBA loan must be fair and equitable in comparison to the treatment to be received by the borrower’s other creditors.
Commercialcollection agencies like ours specialize in collecting on B2B debt. If your business is getting calls from a collection agency, you may wonder how this will affect your business credit. If you can’t pay everything on time, don’t just hide from your creditor.
The receiver will also be required to post with the court a bond that is conditioned on the faithful discharge of the receiver’s duties, is issued by one or more sureties approved by the court, is in an amount specified by the court, and is effective as of the date of the receiver’s appointment. Make a distribution of receivership property.
As an out-of-state creditor, you do have options for collecting a debt from a debtor in Massachusetts. The experienced commercialcollections attorneys at the Law Offices of Alan M. The collections attorneys at the Law Offices of Alan M.
What Do Commercial Debt Collection Agencies Do? Debt collection agencies are organizations that attempt to collect debt on behalf of other businesses. A commercial debt collector works exclusively with B2B creditors that need to collect past due payments from other businesses.
The more knowledge the commercialcollections agency obtains from their clients the greater the chances of successful debt recovery. By providing this information and maintaining communication with the commercialcollection agency, the process will be less frustrating and more effective.
The Uniform Enforcement of Foreign Judgments Act, which the Commonwealth of Massachusetts formally adopted in April 2019, enhances the ability of a judgment creditor to domesticate their judgment and thus collect their outstanding accounts receivable. Filing of Judgments.
Such property will often then be sold by the sheriff and the funds returned to the creditor in fulfillment of the judgment. By and large, a Writ of Execution is an effective means for creditors to recover monies against professional debtors who deliberately avoid paying their bills. These expenses typically cost an average of $500.
Strict adherence to federal, state, and city laws is required to collect consumer debt in New York State. Commercial Debt: The consumer protection laws referenced above do not apply to commercialcollections. Other state rules apply with a lot of attention to the New York Uniform Commercial Code (UCC).
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