Bad Debt Collections
Bad debt is a delinquent account that has been charged-off by the credit grantor. Most credit grantors will outsource bad debt to a collection agency or package several accounts to sell to debt buyers, who will pursue collection.
Find out how the award winning CollectOne software suite can help your organization maximize collection results. Learn More...
Bank Garnishment
Bank garnishment is an order from the court enabling a creditor to seize money from a non-paying debtor's bank account. This is also called a bank levy.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
Bankruptcy
By filing bankruptcy in federal court, an individual, or individuals, can restructure or relieve themselves of debts and liabilities.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
Bankruptcy Avoidance
The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor's home can be avoided if the total of the liens (mortgages, judgment liens and statutory liens) is greater than the value of the property in which the exemption is claimed. This is sometimes called "lien stripping."
Manage the entire receivables life-cycle with the award winning CollectOne software suite. Learn More...
Bankruptcy Discharge
A bankruptcy discharge is granted by the court to release a debtor from most of his debts that were included in a bankruptcy filing. Any debts excluded from the bankruptcy – alimony, child support, liability for willful and malicious conduct and certain student loans – cannot be discharged.
Find out how the CollectOne software suite can help your organization track bankruptcies on delinquent accounts. Learn More...
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