Collections Law

MARCH 21, 2024

In Massachusetts, a keeper attachment is a prejudgment attachment in which the court appoints a “keeper” to oversee a debtor’s cash receivables. This prejudgment attachment is especially useful when a debtor is operating a cash-heavy business like a restaurant or retail store. What does the keeper do?

Debt Recovery 52

Debt Recovery Commercial Collection Debtor Judgment 52

Nexa Collect

APRIL 11, 2021

The turnaround came the following year, during tax refund season as the debt recovery levels went up substantially ( March/April 2020). Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5 times than normal , because people wanted to pay off their debts with this extra cash.

Collections 130

Collections Collection Agencies Collections Agency Construction 130

Nexa Collect

NOVEMBER 26, 2022

The GLB Privacy Rule only applies to nonpublic personal information (NPI), including (Debtor) Name, Address, Income, Social Security number. Transaction information such as account numbers, payment history, loan balances and information from court records or consumer reports. Protecting Your Customer’s Nonpublic Personal Information (NPI).

Collection Agencies 130

Collection Agencies Collections Agency Financial Institution Collections 130

UK debt collections

MAY 20, 2022

The Insolvency Service wants to know why £393,746 was paid to a “connected party”, £229,762 was paid to various automotive suppliers, £113,046 went to “unknown persons”, £26,257 was paid to “various retail type establishments” and what the purpose of a payment of £14,701 to “online gaming providers” was.

Unsecured Creditor 59

Unsecured Creditor Debt Recovery Creditors Retail 59

Taurus Collect

AUGUST 19, 2020

With COVID, you need to be wary of certain industries that are susceptible to decline such as hospitality, and retail. Do not take on large volumes of debt from these industries unless you are sure they have the financial backing. You can’t keep wasting resources on chasing debts if there are no responses.

Collection Agencies 40

Collection Agencies Collections Agency Collections Debt collector 40

Debt RR

DECEMBER 13, 2019

Businesses restructuring debt typically do so because they’re having trouble meeting obligations, and it goes both ways. Many businesses are both debtors and creditors. That’s why it behooves everyone to understand debt restructuring. There were 45 major business bankruptcies filed in 2019, and a large portion were in retail.

Chapter 7 bankruptcy 42

Chapter 7 bankruptcy Bankruptcy Creditors Retail 42

Debt RR

DECEMBER 13, 2019

This leaves businesses struggling to maintain revenue while debt continues to pile up. There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. trillion worth of debt. When faced with mounting debt, it’s inevitable that someone will come to collect. Is It Within the Court’s Jurisdiction?

Debt collector 41

Debt collector Debtor Bankruptcy Creditors 41