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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 judgmentcreditors?
I was one of four attorney members of the National Creditors Bar Association in attendance. Lastly, all groups encouraged the Bureau to publish the rules for creditors at the same time as the rules for the third party collectors. We were joined by representatives from the American Collectors Association and the Debt Buyers Association.
A client of ours in the waterproofing business asked for our best practices when enforcing a judgment. Best practices would generally infer that judgmentenforcement differs based on the creditor’s industry, but that’s not the case. Does the judgment debtor lease a vehicle?
However, the Commonwealth of Massachusetts decided to adopt this Act as of April 1st, 2019, making the process of domesticating a foreign judgment easier. Not Just Domestication — Enforcement, Too. We Use All Appropriate Pre-Judgment Collection Tools to Collect Post Judgment.
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