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27 Jan 2021, 5:04 pm by Sam Turco
Not collecting a reasonable partial fee prior to filing a case to cover necessary pre-petition services is unwise. [read post]
9 Jan 2021, 3:40 pm by Robert Liles
In fact it is a potential way for all creditors to collect debts from individual entity owners. [read post]
4 Jan 2021, 2:02 pm by Cynthia Marcotte Stamer
Department of Health and Human Services (“HHS”) Office of Inspector General, Department of Justice (“DOJ”), Federal Trade Commission (“FTC”) and Internal Revenue Service (“IRS”) are among numerous federal and state agencies warning U.S. businesses and residents to guard against COVID scams to defraud U.S. businesses, residents and the government while simultaneously promising to zealously investigate and prosecute parties… [read post]
31 Dec 2020, 8:31 am by The Sader Law Firm
  If you have questions about using bankruptcy to stop creditor collection actions, including for foreclosure or vehicle repossession, then we encourage you to contact us. [read post]
” With the issuance of this helpful guidance for the financial services industry, the Bureau may have begun achieving that goal. [read post]
22 Dec 2020, 5:18 am by Stefanie Jackman and Rene T. McNulty
  First, the Bureau refused to provide a definition of “original creditor,” despite industry groups’ requests that the Bureau define the “original creditor,” for purposes of a debt collector’s duty to provide the name of the original creditor, upon request, as the creditor at the time of charge off; this was intended to deal with situations in which consumer credit portfolios might be transferred between creditors. [read post]
3 Dec 2020, 8:33 am by Scott Riddle
A small business has lost about $ 18,700 for services rendered and expenses incurred that will not be paid. [read post]
A collection of car dealerships operated through independent LLCs but received management services from the same company. [read post]
30 Nov 2020, 2:07 pm by Kevin LaCroix
During this time the monitor sits alongside the directors while a moratorium is placed on the creditors’ ability to collect pre-moratorium debts. [read post]
16 Nov 2020, 3:00 pm by Stefanie Jackman
The collection services contract that National Business Factors (NBF) had entered into with a medical clinic contained a provision pursuant to which the clinic agreed that it would assign debts for collection “‘with only accurate data and that the balances reflect legitimate, enforceable obligations of the consumer. [read post]
10 Nov 2020, 5:15 am by Kim Phan
  Specifically, the CFPB was concerned about debt collectors that engage in “passive” collections practices that pressure consumers to pay debts that they otherwise would dispute in an effort to remove the debts from their consumer reports when applying for credit, housing, employment, or another product or service. [read post]
5 Nov 2020, 8:57 am by Gibbons P.C.
“The recognition of our practice areas on both the national and regional levels reaffirms that excellent client service and legal work are firm-wide commitments. [read post]
5 Nov 2020, 8:57 am by Gibbons P.C.
“The recognition of our practice areas on both the national and regional levels reaffirms that excellent client service and legal work are firm-wide commitments. [read post]
5 Nov 2020, 8:57 am by Gibbons P.C.
“The recognition of our practice areas on both the national and regional levels reaffirms that excellent client service and legal work are firm-wide commitments. [read post]
Below is the list of topics that we plan to discuss in further detail moving forward: Potential creditor impacts; Final contact frequency limits and limited content messages; Using text and email in collections; Applicable time/place restrictions for all communications; E-SIGN requirements for legally-required notices; Mortgage servicing impacts; Credit reporting impacts; Debt sale restrictions and legal collections; and Potential impacts of the election on future… [read post]
2 Nov 2020, 6:00 am by Will Geer
What does the creditor actually have to do to collect on it, and what property can they seize to satisfy the judgment? [read post]