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What Is a Judgment?

Credit Corp

A judgment is an order issued by a judge or jury to settle a lawsuit. This decision details the rights, responsibilities, and obligations of each party. In this case, the judge may order you to pay the other party as part of the court’s final judgment. These terms are laid out in the final judgment.

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NJ Appellate Division Finds No Private Right of Action for Debt Purchaser’s Alleged Failure to Obtain State License

Troutman Sanders

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. The plaintiff later defaulted on her payment obligations and the account was “charged off.”

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CFPB Reaches Settlement With Debt Collector Over Deceptive Practices

Collection Industry News

According to the Bureau’s Consent Order, the Agency began purchasing and collecting on consumer debt beginning in 2012, and hired debt collection law firms to assist in their collection efforts by suing debtors in 2014.

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Medical Debt Collection Harms Patient Finances

Collection Industry News

Marcott was assisted by ABC for Health, a nonprofit, public interest law firm in Madison. In a recent report reviewing 5,023 lawsuits to collect unpaid medical bills by five health systems in Wisconsin from 2017 to 2019, the firm found that health systems were always represented by attorneys, but less than 1% of patients were.

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Personal Guarantees in Commercial Collection: How Helpful Are They?

The McHughes Law Firm

Most jurisdictions have defined due diligence as the commencement of legal proceedings against the corporate guarantor and the result being the obtainment of an uncollectible money judgment. appeared first on McHughes Law Firm. When Should the Guarantee be Obtained? Unfortunately, this is simply not the case.

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Compliance Digest – October 28

Account Recovery

Plaintiff’s counsel has been foreclosed from bringing claims under the licensing statute due to scores of default judgments entered against consumers in previously filed collection actions as state courts have held that any such claim should have been brought in the collection action under the Entire Controversy Doctrine.

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