Creditors Rights

Debt collection is a relentless practice and if there is a loan default, the creditor rights enable them to collect from the borrower, and may use any of a number of methods to do so. The creditor can place a lien on the borrower's property, obtain a prejudgment attachment, obtain a writ of execution or garnishment, or take a security interest in the borrower's property. With secured debt, the creditor can repossess personal property or foreclose on real property used to secure the debt; although, with unsecured debt, the creditor may have to resort to hiring a collections agency or filing a lawsuit. Access more information here in the debt collection and creditors rights practice center.

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Creditors Rights Articles
-  Creditors' Legal Rights-  Collecting Business Debts
-  Property Foreclosure-  New Rules to Protect Credit Card Holders
-  Changing Credit Card Terms-  Credit Insurance for Outstanding Account Balances
-  Debit Cards, Credit Cards, Charge Cards, Oh My....
 
Creditors Rights FAQs
-  Banking and Finance FAQ
 
Creditors Rights and Videos
Forms
-  Past Due Letter - 30-Day by State-  Demand for Money Owed by State
-  Past Due Letter - 90-Day by State-  Stop Payment on Check by State
-  Past Due Letter - 60-Day by State
 
Lawyers.comsm Virtual Community
Legal Forums
-  Bankruptcy - Debtors and Creditors-  CA - Debt & Bankruptcy
-  Credit & Collection Problems-  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 Business Lawyer
-  Business: Selecting a Good Lawyer-  Debt & Credit: Meeting with a Lawyer
-  Debt & Credit: Preparing to Meet with a Lawyer-  Selecting A Debt Credit Lawyer
 
Related Topics on Lawyers.comsm
-  Business Law
-  Bankruptcy
-  Collections
-  Consumer Law
 

Ask a Lawyer - Debtor Creditor Law questions answered by leading lawyers
Can a Lien Be Placed Upon My Property Without My Knowledge?
During a recent real estate transaction, it was brought to my attention that a lien was put on my property by a former creditor. If I was never served a summons how then could a judgement have been rendered and a lien be put on my property? How do I proceed with trying to recover the monies held in escrow during my real estate transaction?
Is The Following Business Opportunity With Regard to "Judgement Recovery" Viable?
I have recently received information about a business opportunity regarding "judgment recovery."

The business is descibed as follows:

* Find a person or business that has a usatisfied small-claims judgment.

* Have the plantiff sign a "Ackowledgment of Assignment of Judgment" transfering the ownership of the judgment to the recovery specialist and file the document with the JP court.

*Find the defendants assets.

*Seize assets by "Writ of Execution" or garnishments.

*Receive recovery check from county.

*File "Acknowedgment of Satisfaction of Judgment" with JP court.

*Disperse the agreed upon percentage with plantiff.

My question is once the judgment is assigned to the recovery specialist, may he or she now proceed to satisfy the judgment as if he or she was the original plaintiff? In addition, would the recovery specialist be defined as a creditor under the Fair Debt Collection Practices Act?

How Do You Pierce the Corporate Veil?
Could you give me more information on piercing the corporate veil.
Personal Jurisdiction? It Is Not As Difficult As It Sounds.
I have an ex-employee that I sold a portion of my business to. We have a contract for the amount of purchase. Now he has left the state. Is it possible to get a judgement against him when he is not in the state to receive a summons?
Can I Discharge My Student Loans?
I have defaulted on $20,000 worth of student loans, and random doctor bills. I am currently being garnished for the student loans. My credit is horrible. I made mistakes when I was young. What can I do to repair what I''ve done? I was told that I couldn''t file bankruptcy for the student loans.

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