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Post-judgment collection tools: Attaching a debtor’s bank account

Collections Law

With a thorough understanding of the idiosyncrasies of Massachusetts collections laws, they can lend their extensive knowledge to your company’s outstanding debts with post-judgment collection strategies, like bank attachments. A bank attachment is a powerful post-judgment collection tool. What is a bank attachment?

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Domestication of Foreign Judgments 101

Jimerson Firm

Judgment creditors are often faced with the question of how to collect an out-of-state judgment (also commonly referred to as a foreign judgment) in Florida. Once the foreign judgment is domesticated, the judgment creditor may pursue post-judgment collections efforts in Florida. 55.501, Fla. 55.505, Fla.

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All About Wage Garnishment and Credit Collections – 2023 Updated

Direct Recovery

Wage garnishments are the ultimate threat posed by every debt collection scenario, but finding yourself on the wrong end of one doesn’t have to be a financial death sentence. Legal notices soon follow, along with a court judgment taking a big chunk of your paycheck. This can be done legally by obtaining a court order.

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Judgement Collection in Florida: Garnishment of Bank Accounts

Jimerson Firm

When a judgment creditor in Florida attempts to collect on a judgment involving an individual, one mechanism for doing so is through a garnishment action of the judgment debtor’s bank account. Florida has a statutory garnishment process that judgment creditors must follow.

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Calculating Wages for Garnishment

FFGN COLLECT NY

On December 31, 2021, Governor Hochul signed the Fair Consumer Judgment Interest Act into law. This amended the post-judgment interest rate on all judgments against consumers from 9% to 2%, effective April 30, 2022. An income execution (also known as a garnishment) is another manner of collecting a money judgment.

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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.