In this unusual year, 2021, your commercial debt collection is best practiced by our Massachusetts debt collection lawyer. You may have unprecedented number of customers in the United States Bankruptcy Court due to the pandemic. The Coronavirus Aid, Relief, and Economic Security Act modified federal bankruptcy and debt collection laws. The Consumer Financial Protection Bureau codified a federal debt collection rule in October and December of 2020 to refine rules and laws governing all debts and debt collection practices in the United States.
The Federal Debt Collection Rule
The December 2020 debt collection rule empowers consumers to say no to debt collectors. The new law gives your customer, client, or patient the right to refuse phone calls at home, insist on only electronic mail communications, or insist on monthly paper bills that also serve as receipts for payments. The 2020 Debt Collection Rule makes selling or transferring a debt to a collection agency illegal when the debt is old, settled, discharged, or paid in full.
Cease and Desist Letters
Your customer or client has the right to send you a cease-and-desist order refusing to pay your debt for specified reasons. The Debt Collection Rule prohibits you from harassing or abusing your fiduciary relationship with your customer. The cease-and-desist letter may be neatly typed, handwritten, or emailed.
Boston Commercial Collection Lawyer
Our Massachusetts commercial collection attorneys have 60 years of combined experience helping individuals and large and small businesses collect on their delinquent and slow paying accounts. Our attorney represents clients throughout Massachusetts and can pursue your debtor into any of the United States. We accept only contingency fees, and we save our clients considerable time and money in the process. Our Boston debt collection attorney can help you with:
- Tax debt
- Breached contracts
- Real estate sales and leases
- Automobile and equipment sales and leases
- Customers or clients in Bankruptcy
- Civil litigation
Communication Through the United States Postal Service
The 2020 Debt Collection Rule Section 12 CFR 1006.22(f)(1) prohibits debt collectors from sending postcards with personal or commercial debt or your customers financial information on them. Additionally, debt collectors may not mail envelopes with any identifying or financial information on them other than the debtor’s name and address. Debt collectors may not collect more or less than specified amounts and cannot accept postdated checks as payment of a debt.
U. S. Bankruptcy Court
Our commercial collections lawyers have saved real estate from foreclosure, removed liens from deeds, filed adverse actions, and brought fraudulently transferred assets back into your customer’s bankruptcy estate. An adversary proceeding is another lawsuit within the bankruptcy case that can get you a judgement against your debtor. The judge will examine the facts of the adversary proceeding. The United States Bankruptcy Court trustee can prosecute your customer for fraud if his financial information on his bankruptcy petition differs from the income on your credit application.
Breached Contracts
Breached contracts can devastate a small business and keep you from meeting your goals. Our Boston debt collection attorney can help you renegotiate commercial contracts while complying with the latest modified debt collection laws in each of the United States. Our attorney can help you enforce contracts, draft new contracts, reaffirm debts, and recover your assets. Our attorneys relationships with financiers within the state of Massachusetts can help you renegotiate even your mortgage loans, liquidate assets, and reorganize without filing for bankruptcy for a prosperous financial future. Our Massachusetts debt collection attorneys have been doing business with J P Morgan Chase, Citizens Bank, Bank of America, and other major mortgage lenders for 60 years.
Internal Revenue Service
You received stimulus payments from the United States government, tax laws changed, and 2020 was your year of exceptions. You must pay your state and federal income tax even if you file for bankruptcy. Our debt collection attorney can represent you in the United States tax court and in IRS agency hearings to reduce, mediate, or negotiate your tax debt in tax or bankruptcy court. Our Boston attorney can help you:
• File late state and federal income tax returns
• Compromise with the Internal Revenue Service
• Schedule a payment plan
• Stop IRS and other federal wage garnishments
Nationwide Network
Our attorneys work through a national network of professionals who can locate your debtors and their assets. Our Massachusetts debt collection lawyer is familiar with federal, state, and local laws and regulations and monitors your customers bankruptcy proceedings, income tax returns, and employment status. Our lawyer can represent you in federal, state, and local financial proceedings, garnish wages, and file liens. Our attorneys can help you collect judgements in your favor.
Goldberg and Oriel, Massachusetts Debt Collection Attorneys
Call today for a free consultation with our practicing business law attorney in our conveniently located Boston office. Our debt collection lawyers are members of the Boston, Massachusetts, bar association and will never leave you liable for unconscionable or unfair debt collection processes. Our attorneys strive to collect interest and reasonable attorney’s fees from each of our clients’ debtors.