Just when you thought you knew everything there was to know about debt collection and creditor's rights, along comes the Limited Liability Company with its own set of rules. On October 1, 1994, Governor Pete Wilson signed the Beverly-Kilea Limited Liability Company Act into law, thereby...
It frequently happens that once creditors begin actively pursing a debtor, that debtor will attempt to hide his assets to keep them out of the reach of the creditors. Usually one of the first things a debtor will do, is move his cash to a...
There is nothing more frustrating for an unsecured creditor then when it goes through all of the trouble to obtain a personal guaranty on a corporate obligation, thereafter extends credit based on that guaranty, and later discovers that due to a technicality, the guarantor is...
Commonly, a debtor will pay a creditor monies owed and then shortly thereafter, will end up filing bankruptcy. The creditor can then usually expect a telephone call from the debtor's attorney or the bankruptcy trustee asking that the monies be returned since the debtor filed...
It is no secret that very few debtors like dealing with collection attorneys. Most attorneys are hard nose individuals with little compassion for the debtor's plight. Because of this fact, it is extremely common for a debtor to attempt to avert the attorney by calling...
Most people in the collection business dread Christmas time. The reason for this is because people believe that collecting money during the holidays is not only extremely difficult, but that it is taboo. How can we get on the telephone and ask for money when there...
In the first few weeks of 1994 things actually appeared to be picking up for the credit industry. We were receiving telephone calls from debtors stating that they wanted to enter into payment plans to pay off their debts. Many of our collection matters that...
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