Taurus Collect
JUNE 16, 2022
Having debts in the collection primarily means that a third party is pursuing you to retrieve payments for your debts on behalf of your creditors. Most creditors generally pass on a few debts to a professional debt collection agency , including mortgages, auto loans, credit card debts, and student loans.
Qualco
FEBRUARY 22, 2022
The message to a debtor is clear: The creditor is seeking an amicable solution, but in case an agreement is not reached, legal means will be used. This brings all the corresponding risks of misplacement, destruction, and lack of speed in retrieving these documents. At the legal stage , court procee dings begin.
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Taurus Collect
DECEMBER 30, 2022
However, sometimes we can fail to pay back the amount and end up with hundreds of calls from creditors. You may panic upon learning that there is a debt collection agency after you to retrieve the amount you owe to your creditors. Or you may be unemployed for a long time and must deal with unexpected costs and bills.
Qualco
NOVEMBER 7, 2023
In the past, creditors used to restructure sparingly, typically reserving it for situations where amicable collections appeared implausible. Balance their interests (based on no creditor worse off principle) and monitor the voting procedure with other creditors.
Account Recovery
AUGUST 1, 2022
In separate rulings tied to the same parties in two Fair Debt Collection Practices Act lawsuits, the Seventh Circuit Court of Appeals on Friday vacated a District Court’s award of attorney’s fees that were significantly lower than what the plaintiff’s attorneys had requested and overturned sanctions that were impost against the plaintiff’s (..)
Troutman Sanders
APRIL 29, 2021
Retrieval-Masters Creditors Bureau , the court found that displaying a debtor’s account number on an envelope “implicates a core concern animating the FDCPA — the invasion of privacy,” which “is closely related to harm that has traditionally been regarded as providing a basis for a lawsuit in English and American courts.”
Credit Corp
APRIL 26, 2024
Cancellation of debt happens when a creditor discharges or forgives a debt you haven’t paid off. The IRS notes that cancellation can occur when the creditor gives up on collecting because it’s exhausted its resources and is unable to collect. In some cases, cancellation can come about as an agreement between you and the creditor.
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