Jimerson Firm

FEBRUARY 10, 2022

Generally, if debtors owe a debt to a lender, and the lender cancels or forgives that debt for less than its full amount, the debtor is treated for income tax purposes as having income and may have to pay tax on this income by virtue of a 1099-C filing from the lender. 1.6050P-1(b)(2)(i). See IRS Info.

Lender 98

Lender Credit Unions Credit Unions Collections 98

Collections Law

APRIL 9, 2021

Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection. In any event, a bank attachment is an effective means of debt recovery. But it rarely is that easy. Reach and Apply Injunctions.

Debtor 52

Debtor Judgment Collections Debt Recovery 52

Collections Law

APRIL 1, 2020

As we have helped and represented numerous foreign judgment creditors over more than three decades, we have a sound understanding of the procedural rules and Massachusetts law pertaining to foreign judgment enforcement. Being proactive and proficient, our attorneys aggressively work to collect our clients’ debt.

Judgment 52

Judgment Collections Debtor Foreclosure 52

Collections Law

APRIL 9, 2021

Very often your initial attorney who obviously excels at winning the case for you does not know the ins and outs of debt recovery or post-judgment collection. In any event, a bank attachment is an effective means of debt recovery. But it rarely is that easy. Reach and Apply Injunctions Per Massachusetts G.L.

Debtor 40

Debtor Judgment Collections Debt Recovery 40

Debt RR

DECEMBER 13, 2019

Creditors usually send several notices prior to filing a complaint with the court. In fact, the creditor will need to show the court its attempts at collecting the debt and its notice of intent to sue in order to prove its case. There are two other conditions that must be met for a creditor to serve papers on a debtor.

Debtor 41

Debtor Debt collector Bankruptcy Creditors 41

Fico Collections

NOVEMBER 3, 2022

Research by FICO shows that customers who entered collections exclusively as a consequence of the economic downturn, before going through the full debt recovery cycle, had a dramatically different return to financial good (RtFG) of nine months, compared to the 2.5 Societal expectation of creditor support.

Collections 52

Collections Creditors Debt Consolidation Foreclosure 52