ABI

JANUARY 13, 2021

Under title 11 of the United States Code (the “Bankruptcy Code”), a trustee appointed to a debtor’s estate may avoid transfers made within two years before the date of the filing if the debtor received less than reasonably equivalent value in exchange. [i] vi] The Debtor made tuition payments totaling approximately $54,000.

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FFGN COLLECT NY

NOVEMBER 30, 2022

In 2021, the allowable legal rate of interest that could be imputed on a consumer debt and added to a potential judgment against a consumer debtor was reduced from 9% to 2%. The state also recently imposed new requirements for supporting and additional documentation for creditors filing suit for consumer claims.

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Collections Healthcare Garnishment Judgment 52

FFGN COLLECT NY

JUNE 24, 2022

Aside from judgments from family court, New York currently allows all judgment creditors the same opportunities to enforce their judgments. The nature of the debt alleged in the underlying action and the industry or profession of the judgment creditor has never been relevant to the ability and enforcement of a money judgment.

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Judgment Collections Debtor Healthcare 52

Credit Management Company

JUNE 4, 2019

Hospitals and other healthcare providers are the most common type of organization with this problem, yet many of them have yet to get the help they need. Monitoring when certain debtors become solvent. Beyond these tactics, professional collectors know how to speak with debtors in a way that encourages payment.

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Collection Agencies Collections Agency Collections Healthcare 60

Debt Free Colorado

JANUARY 20, 2024

Quick Summary: Healthcare-related debts such as medical bills become dischargeable through bankruptcy (Chapter 7 and 13). Some options are negotiating with creditors, structured payment plans, and debt consolidation. It can provide potential relief for individuals overwhelmed by healthcare-related debts.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Credit Management Company

FEBRUARY 22, 2022

Myths About Using a Collection Agency: Paying the Original Creditor to Bypass Agencies. Many people believe they can get around dealing with debt collection agencies by paying their original creditors directly. However, the FDCPA only protects consumer debtors. It offers no protection to commercial debtors such as a company.

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Collection Agencies Collections Agency Collections Debt collector 52

ABI

JANUARY 26, 2023

2] In July 2019, Robert and Bonnie Szczyporski (the “Debtors”) filed voluntary petitions for relief under Chapter 13 of the Bankruptcy Code. [3] 3] The IRS filed a proof of claim against the Debtors for unpaid taxes and interest, including a $927.00 citing In re United Healthcare Sys. shared responsibility payment. [4]

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Bankruptcy Debtor Healthcare Government 40

Credit Management Company

OCTOBER 27, 2022

This rule limits how often a collector can contact a debtor while also establishing rules around social media and what information must be included in a voicemail. If your staff is unfamiliar with the process, they’ll need to include the following information in a standard validation notice: Creditor name. Debt account number.

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Debt collector Collections Healthcare Debtor 52

Debt Free Colorado

NOVEMBER 28, 2024

Chapter 7 Bankruptcy The liquidation process is managed by a trustee who sells non-exempt assets to pay creditors. This enables debtors to keep important items while addressing their debts. However, eligibility requires debtors to pass a means test. However, eligibility requires debtors to pass a means test.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Debt Collection Answers

MAY 10, 2023

They specialize in collecting debts for: Student loan providers Auto lenders Healthcare providers Credit card companies Telecommunications companies. Upon being hired by a client, Southwest Credit Systems acquires the debt at a discounted rate from the original creditor.

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Collection Agencies Collections Agency Student loans Student Loans 52

Debt Collection Answers

MAY 18, 2023

Caine and Weiner is a prominent debt collection firm that operates across various sectors, gathering debts from a range of industries, including: Personal loans Phone bills Student loans Credit cards To secure his debts, Caine and Weiner acquire them from the original creditors at a reduced price, then pursue the entire amount from the debtor.

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Collection Agencies Collections Agency Student loans Student Loans 52

Sawin & Shea

NOVEMBER 1, 2023

Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. Non-exempt items could be taken, liquidated, and the proceeds used to help pay your creditors something. Many Chapter 13 Debtors pay pennies on the dollar back to their unsecured creditors.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Better Credit Blog

APRIL 1, 2022

Credence collects for several major companies in the following industries: Healthcare. Also, others cited that Credence did not remove the collection from their credit reports after the creditor negotiated an agreement with them. Again, be sure your negotiations with a creditor are documented in writing.

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Third-party Debt Collectors Collection Agencies Collections Agency Fair Debt Collection 73

Burr Forman

JANUARY 7, 2021

Hanna Lahr practices in the firm’s Creditors’ Rights & Bankruptcy group. Hanna’s practice focuses on representing creditors and debtors, both in and out of court, to, among other things, enforce and/or restructure debt obligations, including through the bankruptcy process. Birmingham. Jacksonville.

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Manufacturing Bankruptcy Acquisition Creditors 40

Collection Industry News

JANUARY 13, 2025

Advocate Health, one of Americas largest hospital chains, says it is working hard to confront one of the biggest problems in US healthcare today promoting itselfas a leader in the effort to solve the nations medical debt crisis. Under North Carolina law, a debt judgment is issued by the court when a creditor successfully sues a debtor.

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