Debt Collection

pennsylvania commercial debt collection laws

Pennsylvania Commercial Debt Collection Laws Explained

Companies and businesses with non-paying customers should take pro-active steps to compel payment.  Reducing accounts receivables and eliminating payment defaults increases a company’s cash flow and overall financial health.  Companies should hire a debt collection lawyer to assist with debt collections.  Debt collection lawyers can advise companies on Pennsylvania commercial debt collection laws and implement …

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How Do Debt Collection Lawyers Discover A Debtor’s Assets?

Debt collection lawyers have a big advantage over debt collection agencies in their ability to collect outstanding debts.  Lawyers can sue the debtors and obtain a money judgment.  Once a judgment is obtained, the debtor has two choices:  1) pay the amount of the judgment or ; 2) do nothing.  If the debtor does nothing, …

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Confession Of Judgment Under Pennsylvania Law

A confession of judgment is a contract clause, usually bargained for by a landlord or creditor, that allows the landlord or creditor to obtain an expedited judgment against the other party.  A confession of judgment can help an aggrieved party to a contract obtain a judgment against the other party without the cost and delay …

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3 Ways a Debt Collection Attorney Is More Effective than a Collection Agency

Few things are more infuriating and anxiety-inducing for individuals and businesses than debtors who will not respond to your efforts to collect the money that is rightfully yours. Whether you are collecting on an outstanding bill, a court judgment, or some other financial obligation, obtaining the money you are owed is a necessary but often …

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How the Proposed CFPB Debt Collection Rules Could Affect You

Debt collection practices have come under the spotlight in recent years as complaints regarding the activities of less scrupulous debt collection agencies have poured into the Consumer Financial Protection Bureau (CFPB), a federal bureau created in the wake of the financial crisis. As we all know, the practices of some debt collection agencies have damaged …

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How To Collect Judgments Across State Lines

Trying to collect a debt can be frustrating.  When demand letters and phone calls fail to solicit a response from the debtor, creditors who want to get paid must obtain a money judgment against the debtor.  A money judgment can be obtained after a lawsuit is filed and either a default judgment is entered or …

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Choosing a Collection Agency or Debt Collection Attorney

Collecting funds due from an unpaid loan or unpaid account can be a difficult process.  Whether it is a personal loan or a business-related debt, you may be asking yourself what should I do and how far should I go in trying to collect?  When Individuals and businesses have given up on their own attempts …

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Supreme Court Decides Important PA Mechanics Lien Appeal

In a prior blog article, we analyzed the Pennsylvania Superior Court case of Shafer Electric & Construction v. Raymond Mantia, et al.  In this case, the Pennsylvania Superior Court overturned a lower court decision that allowed a contractor to proceed with a Mechanics’ Lien claim, even though the underlying contract for the construction job was …

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