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Cohen & Associates LLC, our commercialcollections lawyers have more than 50 years of combined experience. They have dedicated their practice to collectingcommercialdebts in Massachusetts. It sets the standard for ethical collection methods. Massachusetts FairDebtCollection Practices Act (MGL c.93,
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 debtcollection agencies (DCAs). The business debtcollection laws protect them. Like the FairDebtCollection Practices Act, the U.S.
After speaking with colleagues, you were told about the possibility of commercialdebtcollection agencies taking over. This is known as business-to-business debt, these firms specialize in debtrecovery owed by businesses. This type of debtcollection can be hard to understand at first.
Gavin Newsom recently signed SB 1286 amending the Rosenthal FairDebtCollection Practices Act’s coverage to certain commercialdebt. Prior to this amendment, the RFDCPA’s restrictions applied only to certain debt collectors and creditors collecting consumer debt. California Gov.
Depending on the nature of the debt and how communicative the debtor is (or isn’t), commercialdebt collectors can employ other tactics like investigating other debt and performing a skip trace on the owner to establish contact. What Happens to Debt that is Sold to a CommercialCollection Agency?
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