Collections



Collections refer to debt, and there are two types of debt; secured and unsecured. With secured debt, the borrower pledges to secure payment of the loan. So, for example, if he does not pay for materials or services used to improve his property, the creditor can place a lien on the property as a result of the failure to pay the secured debt. Foreclosure, a method of collecting amounts owed on real property, follows strict statutory procedures. The repossession of secured personal property usually follows the state Uniform Commercial Code (UCC). To collect an unsecured debt, for which there is no property pledged to secure the loan, the creditor may have to hire a collections agency or file a lawsuit. Unsecured debt collections may require more involvement and tactics to obtain the unsecured debt payment. Find more information here in the collections practice center.

Find a Collections attorney in your area.
Collections Articles
State Specific Resources
-  State Attorney General Websites-  State Codes and Statutes Websites
-  State Consumer Protection Office Websites
 
Articles
-  Garnishment and Forcing Debt Payment-  How Garnishment Takes Money Out of Your Pay
-  Dealing with Credit Reporting Agencies & Bureaus-  Credit and Credit Reports - Furnishers of Information
-  Fair Credit Billing Act-  Fair Credit Reporting Act
-  Fair Debt Collection Practices Act-  Servicemembers Civil Relief Act
 
Meeting with a Lawyer
-  Selecting A Debt Credit Lawyer-  Debt & Credit: Preparing to Meet with a Lawyer
-  Debt & Credit: Meeting with a Lawyer
 
Hot Topics
-  Credit Cards Aren't What They Used To Be-  Debt Collectors May Go Too Far
-  Debt Settlement Offers: Are They Scams?-  FTC Battles Bad Practices by Debt Collectors
-  Golden Years Tarnished by Economic & Health Woes-  Overhauling the US Financial System
 
Collections FAQs
-  Debt and Credit FAQs-  Banking & Finance FAQs
 
Do-it-Yourself Legal Forms
-  Debt Settlement Agreement-  Returned Check Notice
-  Demand for Payment on Promissory Note-  Small Claims Service
 
Lawyers.comsm Virtual Community
Legal Forums
-  Bankruptcy - Debtors and Creditors-  Credit & Collection Problems
-  CA - Debt & Bankruptcy-  FL - Debt & Bankruptcy
-  NY - Debt & Bankruptcy-  TX - Debt & Bankruptcy
 
Chats
-  Chat Listing
 
Join Michael Siegel on select Tuesdays at 10 PM ET for the Bankrutpcy, Debt & Credit Chat
-  Michael Siegel
 
Hiring a Lawyer
-  Debt & Credit: Meeting with a Lawyer-  Debt & Credit: Preparing to Meet with a Lawyer
-  Selecting A Debt Credit Lawyer-  Business: Selecting a Good Lawyer
 
Related Topics on Lawyers.comsm
-  Bankruptcy
-  Consumer Law
-  Taxation
 

Ask a Lawyer - Collections Law questions answered by leading lawyers
my son is charged with 2 counts of felony burglary. I dont have money for a attorney what kind of op
I lend $450,000 to my brother with 10% intrest and he passed away 2 yrs ago,and I paid for his and h
I collected a promisory note from sister $450,000+48,000+ the 10% intrest together $575,000.after that I lend another $350,000 to my sister in law ( i have promisory note for $350,000 also) she paid me back $450,000.she is claiming that she dont owe anything to me now because she borrowed from me 350,000 + the funeral 48,000 and she is telling that she over paid me 50,000.which is better way to make a claim,agaist her or estate? she dont have anything under her name but eveything under the estate and corporations.and assessed the estate very below the market value and all the propertys have enough debt.she have 2 good property''s under some corporations worth 10 million and those property''s are paid off.she paid off the property''s with my brother''s life ins money.please advice.
i have a promisory note $575,000 but it''s not notarized.is there any problem if she denied the clai
my attorney prepare the promisory note and the borrower signed the note.but not notarized.how will that affect if she denied?
why is that the statute of limitations eight years and three months?
I recieved a court date due to back rent pay. I am trying to find out if I need to attend the court
I spoke with my landlord and paid the money. I asked him if I still needed to appear in court and he said he did not know. the papers i recieved did not say anything about a warrent. But I am not sure if I do not show what will happen.
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Collections Lawyer Web Sites
 
 -  Mississippi Law - Cumbest, Cumbest, Hunter & Mccormick, P.A.
 -  Phoenix Collections Attorney - Holcomb Law Firm, PC
 -  Cincinnati Debtor And Creditor - Delev & Associates, LLC
 -  Missouri Lawyers - Case, Rajnoha & Boudreau
 -  Stearns County Attorney - Kelm & Reuter, P.A.