The ultimate goal of any business seeking to enforce its contractor rights as a creditor, is to collect past due accounts, to recover money loaned and not repaid, and to obtain full compensation for goods provided, or services rendered. During my years of practice I have successfully assisted business clients such as banks, residential of commercial landlords, insurance companies, small , medium and large businesses, and individuals in collecting their debts.
Aside from the different court rules, from jurisdiction to jurisdiction in the Mid-Atlantic area, courts within the Commonwealth of Virginia and State of Maryland, frequently have promulgated local rules and practices. As a creditor, you need an advocate, who understands and can effectively represent you in the various venues, where you may be required to file a suit. In addition, if the money owned to your business, or to you personally, is "consumer debt", as very broadly defined under federal law, you will need an attorney who is intimately familiar with the Fair Debt Collection Practices Act (FDCPA), and related Federal and State legislation. Some highlights and links to this subject matter are listed below.
Federal Trade Commission debt collection FAQs
Debt Collection FAQs: A Guide for Consumers
If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you.
The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.
Under the FDCPA, a debt collector is someone who regularly collects debts owed to others. This includes collection agencies, lawyers who collect debts on a regular basis, and companies that buy delinquent debts and then try to collect them.
Here are some questions and answers about your rights under the Act.