Account Recovery

DECEMBER 28, 2023

The Washington Court of Appeals has overturned a lower court’s ruling in favor of a collection operation that was sued because the original creditor — a healthcare provider — did not screen the plaintiff to see if he was eligible for charity care, but there is a lot of back-and-forth between both sides over the […]

Healthcare 130

Healthcare Original Creditor Creditors Collections 130

Nexa Collect

APRIL 27, 2022

We all agree that healthcare costs in the USA are extremely high. Inform future creditors about bills on which a person has defaulted so that they can access their own risk to lend money to that person or not. The medical profession is among the most stressful careers out there. How is medical debt different from any other bill?

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Healthcare Credit Unions Credit Unions Creditors 130

PBWT

OCTOBER 19, 2021

Gargotta rejected a debtor’s attempt to use “CARES Act” funds, which it did not actually qualify for, to pay creditors in its chapter 11 case. BR Healthcare Solutions (the “Debtor”) operated a nursing home under the name Karnes City Health & Rehabilitation Center near San Antonio. 3] 615 B.R.

Creditors 65

Creditors Debtor Bankruptcy Healthcare 65

Account Recovery

MAY 12, 2021

A hospital in Alabama should serve as an example to every type of collection operation, be it a third-party agency, creditor, or otherwise, that transitioning away from letters and phone calls and promoting digital engagement with patients and debtors is the best way to thrive in today’s economy. Jackson Hospital is a $1.2

Collections 214

Collections Debtor Creditors Healthcare 214

The Kaplan Group

APRIL 24, 2025

For older debt or legal cases, actual creditor recovery drops to 10% or less. Creditors increasingly rely on court action for high-balance debts, but delays and debtor insolvency remain obstacles. Creditors, lenders, and businesses alike must adapt to a more cautious, cash-constrained era.

Bankruptcy 52

Bankruptcy Lender Loans Creditors 52

Nexa Collect

JANUARY 14, 2023

Extra costs to comply with these laws would be passed on to businesses /creditors, who are already unwilling to pay the current costs associated with hiring a professional debt collector. Our government’s intention behind these laws is not wrong, but the ground reality is different. .

Debt Recovery 130

Debt Recovery Government Collection Agencies Collections Agency 130

Sawin & Shea

JUNE 22, 2022

Furthermore, in addition to what little savings people have after they retire, social security is also often not enough to help pay even basic costs, such as rent or mortgage, food, car payments, healthcare, and other essential bills and expenses. Often, seniors will file for bankruptcy to protect themselves and their assets from creditors.

Bankruptcy 116

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Creditors 116

FFGN COLLECT NY

JUNE 3, 2020

With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?

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Garnishment Creditors Judgment Judgment Enforcement 52

PDC Flow

MARCH 9, 2021

As accounts receivable professionals know, early out collection (also known as pre collection) is a typical practice to resolve healthcare bills. Managing administrative staff and chasing down payments can be a big job for a hospital system or other healthcare practice. What is Early Out Collection? Patient Relations.

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Collections Healthcare Collection Agencies Collections Agency 85

Account Recovery

MAY 3, 2024

The Arizona Court of Appeals this week upheld the state’s controversial Predatory Debt Collection Act, rebuffing an industry challenge led by the Arizona Creditors Bar Association. The decision ensures the law, which includes measures to shield individuals from medical debt garnishments and cap interest rates, remains in effect.

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Garnishment Collections Creditors Healthcare 147

UK debt collections

JUNE 15, 2022

It also signals a potential wave of Debt Collection action from creditors to recover what is owed. The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%). Defaults on CBILS are an early warning of likely insolvencies to come.

Construction 89

Construction Loans Debt Recovery Healthcare 89

PDC Flow

JULY 13, 2021

As Shores discusses in the recent webinar, “ The Compassionate Framework for Healthcare Collections ,” it’s impossible to progress in a conversation if the other person feels they aren’t being understood. Listening in Healthcare Collections. This understanding opens the door to a closer connection with consumers.

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Collections Healthcare Creditors 98

Account Recovery

AUGUST 20, 2024

The comments period regarding the Consumer Financial Protection Bureau’s proposed rule that would prohibit creditors from using medical debts when determining whether a consumer is eligible for credit closed last week, but there are a lot of comments to pore through.

Creditors 130

Creditors Healthcare Collections 130

Burr Forman

AUGUST 19, 2021

Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Michael Hall – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Bet-the-Company Litigation, Litigation – Bankruptcy. India Vincent – Birmingham, Trademark Law. 2022 Best Lawyers in America. Clarke – Real Estate Law.

Lawyers 105

Lawyers Construction Acquisition Bankruptcy 105

Debt Free Colorado

JANUARY 27, 2022

One factor is the high cost of healthcare, which makes it more difficult for many Americans to pay their bills. They then exercise control over the merchandise sold to satisfy creditors. They will sell them and use the revenues to pay for the bankruptcy’s fees , charges, and expenditures before paying creditors.

Bankruptcy 75

Bankruptcy Chapter 7 bankruptcy Unsecured Creditor Debtor 75

FFGN COLLECT NY

NOVEMBER 30, 2022

The state also recently imposed new requirements for supporting and additional documentation for creditors filing suit for consumer claims. As of now, creditors holding judgments obtained for consumer debts are still able to restrain an individual’s bank account, assuming the amount in the account exceeds the exempt amount.

Collections 52

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

Better Credit Blog

SEPTEMBER 9, 2020

Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They are headquartered in Farmingdale, NY, and are known as a “late-stage” debt collector, which means they may have purchased the right to collect the debt from the original creditor.

Debt collector 101

Debt collector Loans Collections Creditors 101

Burr Forman

AUGUST 11, 2020

Weyman Carter – Banking and Finance; Bankruptcy and Creditors’ Right. Liz Crum – Healthcare. Craig Garner – Healthcare; Banking and Finance. Craig Garner – Healthcare; Banking and Finance. Rachel Gilbert – Healthcare. Michael Weaver – Bankruptcy and Creditors’ Right. Celeste Jones – Business Litigation.

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Acquisition Creditor's Rights Healthcare Bankruptcy 40

Better Credit Blog

OCTOBER 15, 2020

ARstrat specializes in healthcare debt, collecting on debts from some of the following types of providers nationwide: Academic healthcare facilities. They purchase the debt from your original creditor, or in this case healthcare provider, at a discounted rate and net all of the profits when you make a payment.

Debt collector 52

Debt collector Healthcare Collection Agencies Collections Agency 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. While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit.

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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

Debt Collection Answers

MAY 18, 2023

Associated Recovery System Collection, also known as ARS National Services, represents multiple original and third-party creditors. ARS National Services represents original creditors and debt buyers, which include major banks and credit card companies. This debt collection company covers all 50 states in the United States.

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Collection Agencies Collections Agency Original Creditor Fair Debt Collection 52

Better Credit Blog

SEPTEMBER 21, 2020

AR Resources is a debt collector that has been hired on behalf of the original creditor. Founded in 2002 in Pennsylvania, they collect for a variety of industries including banking, healthcare, property management, and small businesses. However, the majority of their clients are in healthcare and education loan providers.

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Debt collector Healthcare Original Creditor Collection Agencies 52

Better Credit Blog

AUGUST 22, 2020

CMRE Financial Services is a collection agency that collects medical debts on behalf of hospitals and other healthcare businesses. They make their money by coercing payments from you on behalf of original creditors. They were founded in California in 1996 and collect debts exclusively in the healthcare industry.

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Financial services Debt collector Original Creditor Collection Agencies 52

Better Credit Blog

FEBRUARY 18, 2021

This means that your original creditor has officially handed the account over to a collection agency that will hound you for payments. healthcare providers. Have you missed a few payments on one or more of your bills? You may start getting calls from a debt collector. government agencies. public utilities.

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Collections Debt collector Collection Agencies Collections Agency 94

Credit Management Company

OCTOBER 27, 2022

If your staff is unfamiliar with the process, they’ll need to include the following information in a standard validation notice: Creditor name. Credit Management Company provides full-service accounts receivable and collection management programs for healthcare companies. Notices about debt are called validation notices.

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Debt collector Collections Healthcare Debtor 52

Better Credit Blog

AUGUST 17, 2020

These entries remain on your credit report for up to seven years, which means that they can be viewed by creditors and lenders. Originally founded in 2008, they are the largest purchaser of healthcare debt in the United States. Often time, the information will get lost as it is passed from the original creditor to the debt collector.

Debt collector 52

Debt collector Creditors Acquisition Fair Debt Collection 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

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. We offer debt recovery for several industries, including healthcare, government, commercial, and more.

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Collection Agencies Collections Agency Collections Debt collector 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.

Collection Agencies 52

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.

Collection Agencies 52

Collection Agencies Collections Agency Student Loans Student loans 52

Credit Management Company

JUNE 14, 2022

The creditor collecting the debt. A statement letting the consumer know if they request additional information about the debt or creditor it will be provided within 30 days. This is common in the healthcare industry or commercial industry when consumers may have undergone many operations or worked with many contractors.

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Collections Collection Agencies Collections Agency Fair Debt Collection 52

Better Credit Blog

OCTOBER 5, 2020

Agencies like Penn either purchase debts from lenders and service providers at a low rate or they are employed by the creditor and receive a percentage of payments that are successfully collected. Penn Credit collects for a long list of providers and creditors in multiple industries and sectors nationwide. These include: Healthcare.

Third-party Debt Collectors 53

Third-party Debt Collectors Debt collector Collection Agencies Collections Agency 53

ABI

JANUARY 26, 2023

5)] universally applicable to similarly situated entities; and [(6)] whether granting priority status to the government will disadvantage private creditors with like claims. [12] citing In re United Healthcare Sys. 213, 220-221 (1996) (first quoting In re Lorber Indus. Inc. , 675 F.2d 2d 1062, 1066 (9th Cir. 3d 247, 253 (3d Cir.

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Bankruptcy Debtor Healthcare Government 40

Better Credit Blog

SEPTEMBER 18, 2020

If National Credit Services contacts you, it means that they have either been hired by your original creditor or have acquired the debt from your original creditor. Founded in 2000, they collect a variety of debt types such as higher education, healthcare, financial and commercial debt.

Debt collector 52

Debt collector Fair Debt Collection Original Creditor Collections 52

Better Credit Blog

SEPTEMBER 30, 2020

If you forget to pay a bill, the original creditor may move the debt to collections. This entry will notify the credit reporting agencies of your delinquency and tell future lenders and creditors that you have a history of nonpayment. They specialize in collecting on behalf of companies in the healthcare industry.

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Collections Debt collector Lender Fair Debt Collection 52