article thumbnail

Navigate Debt Recovery with Confidence: Your Guide to Debt Collection Queensland

JMA

In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. We give you actionable insights and clear, no-nonsense advice to.

article thumbnail

Effective Debt Collection Techniques for Businesses

Collection Industry News

Implementing proper debt collection techniques can help businesses recover outstanding payments while maintaining positive relationships with clients. In this article, we will explore some effective strategies for businesses to improve their debt collection processes and increase their chances of successful debt recovery.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Collecting Business Debt: Five Best Practices When Working With A Collections Agency

Taurus Collect

This blog post aims to provide you with five best practices for working effectively with a collections agency under this model, ensuring that your business can recover its debts efficiently and economically. The Late Payment of Commercial Debts Act (1998) is one crucial law that you should be well-versed in.

article thumbnail

What Is A Charging Order? Insolvency Guidelines

Hudson Weir

Again, one legal mechanism a creditor can consider when in such a situation is a charging order. In this blog, well take a closer look at the debt recovery options, including charging orders. Put simply, a charging order ensures a creditor has a claim on the property, should the debt remain unresolved.

article thumbnail

Can Debtors Be Legally Forced To Pay Debt With Their Cryptocurrency

Nexa Collect

That is why a creditor must attempt to file a legal suit in which the debtor must declare all his assets under oath when asked by the judge. Debtors are legally bound to pay their liabilities like outstanding credit cards or unpaid bills etc.

Debtor 130
article thumbnail

How to Collect Debts Fast and Improve your Accounts Receivable

Debt Recoveries

Unless you are actually a debt collection expert like Debt Recoveries Australia , there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought to collect debts fast.

article thumbnail

Washington District Court Awards $60,000 in Emotional Distress Damages to Plaintiffs in FDCPA Case

Troutman Sanders

Columbia Debt Recovery , a Washington district court awarded each plaintiff $30,000 in emotional distress damages under the Fair Debt Collection Practices Act (FDCPA), $120 in treble actual damages under the Washington Collection Agency Act (WCAA) and the Washington Consumer Protection Act (WCPA), and $2,000 in statutory damages under the FDCPA.