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How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

How to Prevent Bad Debts in 2023. Tips from a Debt Collector . Credit control and debt collection are the two most crucial components of sustaining a solid cash flow since, as they say, cash is king. As a result, it is significantly safer than an unsecured creditor in the case of insolvency. .

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$225,000 Punitive Damages Award Upheld Where Creditor Repeatedly Contacted Customer After Being Notified of Attorney Representation

Troutman Sanders

Ultimately, the plaintiff filed for chapter 7 bankruptcy protection, listed the defendant as an unsecured creditor, and obtained a discharge of her debt. The defendant offered a “pause” program that allowed the plaintiff to suspend service for up to nine months at a cost of $5 per month, which the plaintiff accepted.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Rather than settlements or minimum payments to each creditor, a single payroll deduction is made to fund your plan over 3-5 years.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The company expects to have sufficient funds to fully repay unsecured creditors. Senator Jeff Merkley (D-OR) and three other Senate Democrats introduced S3103, the Medical Debt Relief Act. On October 30, a Delaware judge approved the Chapter 11 restructuring plan of bankrupt cryptocurrency exchange Bittrex. sanctions violations.