Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. If you are in another state or country and have obtained a judgment against a Massachusetts debtor, or if your debtor has assets in Massachusetts, we can help.

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Collection Industry News

JUNE 12, 2023

These experts specialize in debt recovery and have the necessary skills and resources to handle difficult or stubborn debtors. This documentation can serve as crucial evidence in case legal action becomes necessary. Understand the rights and protections afforded to debtors, as well as your own rights as a creditor.

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Taurus Collect

OCTOBER 30, 2023

Establishing Contact with the Debtor The first step in the debt collection process is establishing contact with the debtor. This often involves several key actions: Initial Communication: A business or a debt collection agency, like a debt collection agency in Derby, will send a letter of demand to the debtor.

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ABI

JANUARY 20, 2020

In a debtor/creditor relationship, a debtor may explicitly, or implicitly, waive their rights. 2] The judgments were then recorded as judgment liens on property owned by the Debtor (the “Artesian Property”).” [3] and any creditor. or general partner in the debtor.” [18] and any creditor.

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Sawin & Shea

SEPTEMBER 27, 2023

Chapter 7 is also known as liquidation bankruptcy because in exchange for receiving a discharge of most kinds of debts, the debtor has to give up non-exempt assets. The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt Collection Laws: What Can Debt Collectors Do?

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Jimerson Firm

DECEMBER 14, 2021

In the event of any inconsistency between any provision of this part and any provision of the federal act, the provision which is more protective of the consumer or debtor shall prevail.” Had actual knowledge that the right did not exist. This part is in addition to the requirements and regulations of the federal act. 559.552, Fla.

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FFGN COLLECT NY

APRIL 6, 2021

While the underlying agreement or contract may seem straightforward, you need to do a thorough evaluation to make sure you aren’t waiving your legal rights by signing the contract. This clause in the contract gave the creditor permission not to comply with the New York statute.

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The McHughes Law Firm

JUNE 22, 2016

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]. Therefore, when drafting a personal guarantee, a creditor should specify that the guarantee is one of payment.

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Consumer Financial Services Law

NOVEMBER 12, 2019

The order stated that “a creditor may have the right to enforce a valid lien such as a mortgage or security interest. Also, a debtor may voluntarily pay any debt that has been discharged.” Creditors should take note of the Court’s adherence to an objective standard under 11 U.S.C. 524’s discharge injunction.

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Stevens Lloyd

JULY 17, 2018

As a creditor, it is your right to get your money back which you have given to clients. Your mental state affects the way you handle the debtors and the way they respond to you. So, it is required for you to know your legal rights. You have the power to shut down their business if they fail or ignore to pay you.

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