Writ of garnishment vs. bank levy: both freeze funds on service, but timing determines which creditor collects. Learn how priority and exemptions affect execution.
The statute of limitations in debt collection starts at accrual—typically the default date—not origination. Misidentifying this trigger collapses viable recovery actions.
A charge of discrimination filed against a financial institution’s collections operation arrives without warning — and the clock starts immediately. Whether the claim involves alleged discriminatory treatment of borrowers under the Fair Housing Act, Equal Credit Opportunity Act violations, or FDCPA and FCCPA discrimination allegations, the response window is short and the documentation requirements are […]
If you’re a business owner in Florida, you know that collecting payments from customers can be a difficult and time-consuming process. When a customer fails to pay their debts, it can hurt your bottom line and put your business at risk. This is where a Florida commercial collection attorney can be invaluable. Here are some […]
Debt Collection Balances in 2022 Based on a recent analysis of the Fed Consumer Credit Panel/Equifax Data Report completed by the Federal Reserve, aggregate household debt balances increased by $333 billion in the fourth quarter of 2021, which represents a 2.2% rise from the third quarter of 2021, and the largest increase since 2007 in […]
The Debt Collection Rule (“the Rule”) interprets the federal Fair Debt Collection Practices Act. The Rule attempts to clarify how debt collectors can communicate with debtors and what information must be provided to the debtor when attempting to collect a debt. What Is the Debt Collection Rule? A new concept in the Rule is Limited […]
Deciding to hire a Debt Collection Law Firm vs Debt Collection Agency might seem similar in concept, but understanding the limitations of a debt collection agency is important. Both debt collection law firms and debt collections agencies are regulated by the Fair Debt Collection Practices Act; however, the abilities on how to collect the debt can be […]
If you’re having trouble recovering debt collection attorney fees in your commercial lawsuit, you need a workable solution. And not just for the current debts, but future ones too. Otherwise, losses may increase as the debts remain unpaid and you pay out of pocket expenses and commissions to collect the monies owed. Making a Plan […]
As debts owed to your company start to pile up, you may find it challenging to keep your business afloat. Unless you have big money coming in otherwise, covering payroll, maintaining a solid inventory, and paying for overhead all require repayment of those debts. Trying to locate the debtors and get them to send in […]
Unless you have all your clients pay their balance in full at the time of service, you’re likely to end up having far too many outstanding debts. You may then have to decide if you want to form your own collection department — and carefully navigate debt collection laws — or hire a potentially costly […]