Remove Debtor Remove Garnishment Remove Judgment
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New Laws Proposed, Passed, and Ready to Go Into Effect

Account Recovery

Gretchen Whitmer, introduces substantial changes to how creditors can collect debts and what assets debtors can protect. Supporters, including Representative Kara Hope, argue these updates are necessary to prevent financial devastation while allowing debtors to maintain basic living standards and continue paying their daily expenses.

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NCLC Report Calls Out States for Lax Exemption Laws

Account Recovery

Exemption laws, which protect a debtors income and assets in the event of a judgment or collection lawsuit are in the spotlight following the release of an annual report from the National Consumer Law Center, which attempts to shed light on what the advocacy group perceives to be the inadequacies of these protections.

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How can you secure a debt owed to you before you get a judgment?

Collections Law

When you are pursuing a commercial collections lawsuit against a business debtor, it is easy to assume that payment is just around the corner. They allow you to secure assets of the debtor before the court issues a judgment. This means that before your debtor can sell or refinance property, your debt will have to be paid first.

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Is It Worth It To Domesticate a Judgment In New York?

FFGN COLLECT NY

Looking to domesticate a judgment in New York and wondering if its worth the expense? Consider the following: Except for judgments obtained for medical services, New York is extremely liberal when it comes to judgment enforcement. New York allows 9% interest on commercial judgments unless otherwise stated in the judgment.

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Collection Agencies in Puerto Rico

Nexa Collect

Skip tracing, employment and asset tracking, locating real and personal property, investigating liens, judgments, and corporate filings with the local Secretary of State, are but a few of the methods used to recover your receivables. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

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Compliance Digest – August 26

Account Recovery

WHAT THIS MEANS, FROM STACY RODRIGUEZ OF ACTUATE LAW: After a collection law firm garnished an Arizona judgment debtor’s bank account, the debtor raised FDCPA claims alleging that all funds in the account were social security benefits and, thus, exempt from garnishment. More details here.

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The Difference Between Post Judgment Collection Attachment and Garnishment — How Both Can Benefit You in Debt Recovery

Collections Law

Cohen LLC is the answer to one of the most challenging aspects of running a business — tracking down delinquent debtors who refuse to pay. Debtors will try any way they possibly can to retain higher valued items and shield those assets from a possible litigation. The How’s and Why’s of Garnishments.