3 weeks 15 hours ago

By Emma G. Fitzsimmons

Helen Ochisor drove the yellow taxi in the morning. Her husband Nicanor took it in the afternoon.
They rarely saw each other during the week. She was asleep when he got home after a long night of driving. They exchanged a quick hello while handing off the taxi.
Immigrants from Romania, the couple had bought their New York City taxi medallion nearly three decades ago. Lately, it had been difficult to find fares. Her husband worked 12-hour shifts, but brought home less money. He was worried about the plunging value of their once-lucrative medallion and frustrated about Uber’s takeover of the industry.
On a cold day in March, Mr. Ochisor hanged himself in his garage in Queens. His family blames the growing hopelessness he felt over his fortunes as a taxi driver.
“It depressed him, it irritated him, it probably angered him — maybe all three,” his son Gabriel Ochisor said in an interview at the family’s home. “It was definitely a factor. Otherwise, we can’t piece together any other factor.”
“We have a 7-month-old over there,” he said pointing to his infant son — his father’s first grandchild, who lived upstairs. “Why would you want to leave?"
Nicanor Ochisor, 64, was one of four professional drivers to take their lives in the last five months. Another driver, Doug Schifter, killed himself with a shotgun in front of City Hall in February after sharing a Facebook post about the financial turmoil he was facing.
Suicide is a deeply intimate decision, and there is no way to know for certain what confluence of factors might lead someone to make such a choice. But the recent series of deaths has drawn attention to the economic desperation that many taxi and livery drivers are grappling with, and has renewed calls to rein in Uber and other ride-hailing services.
After Mayor Bill de Blasio suffered a bruising political defeat when he tried — unsuccessfully — to cap Uber in 2015, there has been a growing sense that something has to be done. In a first step, the City Council held a hearing on Monday for several bills that could change the rules for car service apps.
Mr. de Blasio has said he may try again to limit the number of for-hire vehicles.
“I think the caps are the kind of thing we need to talk about again,” Mr. de Blasio said in a recent radio interview, “because the situation has gotten worse since then, both in terms of the pressure that’s been put on the medallion owners, everyday taxi drivers, but also because of congestion.”
Uber has transformed how Americans get around and has upended the transportation network in community after community. In New York City — Uber’s largest United States market — the app has siphoned commuters from the sputtering subway and bus system, but more significantly it has all but vanquished the iconic yellow cab, plunging it into an existential crisis.
Taxi medallions that once sold for more than $1 million now go for as low as $175,000. More than 60,000 black cars are tied to Uber, dwarfing yellow taxis, which are capped by city law at about 13,587. Last year, Uber trips eclipsed yellow taxi rides for the first time.
Uber is the biggest player, with about 410,000 trips per day in February, but Lyft and Via, two other ride-hailing apps, have made inroads. (Lyft provided about 112,000 trips per day in February, and Via about 33,000, according to the city’s taxi commission.) The influx of vehicles has contributed to gridlock on the streets of Manhattan, where traffic has slowed to a crawl and city buses travel at just 5.7 miles per hour on average.
In 2015, Uber launched an aggressive campaign against the city’s proposed cap, with television advertisements criticizing Mr. de Blasio, and an app feature, known as “de Blasio view,” that showed long wait times for a ride if the cap were approved. But this time Uber might be a less formidable foe. 
The company has struggled with a series of scandals over its workplace culture and aggressive tactics, leading to the resignation of its chief executive and founder last year.
Other cities have tried to corral Uber, including London — its largest European market — where Uber lost its license to operate last year. After Austin imposed strict regulations, Uber left the city, though the app returned last year when Texas passed new rules.
Austin Finan, a spokesman for Mr. de Blasio, said new regulations on for-hire vehicles were back in the conversation.
“The mayor has been clear about the need to re-evaluate our options in the face of explosive growth we’re seeing in the industry,” Mr. Finan said in a statement.
Councilman Stephen Levin, a Democrat who represents Brooklyn and has sponsored a bill to restrict the number of for-hire vehicles, believes a cap would have a better chance this time.
“New Yorkers see the congestion issue much more apparently — it’s clear now,” Mr. Levin said. “I also think empirically we’re seeing it’s much harder to make a living driving a cab.”
But Alix Anfang, a spokeswoman for Uber, defended Uber’s growth in New York, arguing that drivers keep up with a demand in the boroughs outside Manhattan for a reliable transportation option.
“Capping the number of Ubers would only hurt the millions of outer borough riders who have long been ignored by yellow taxis and who don’t have access to reliable public transit,” Ms. Anfang said.
Less than two weeks after his father’s death, Gabriel Ochisor stood outside City Hall at a protest calling on Mr. de Blasio to strengthen regulations. Four coffins were covered in white flowers, one for each driver.
His father had attended a taxi protest at City Hall shortly before his death. It was unusual for him. He was quiet. He usually didn’t go to protests.
“He was mad at the politicians,” said Gabriel, the couple’s only child. “He was mad at Silicon Valley and all these big shots that have billions of dollars. You’re trampling over the little guys that invested in something and wanted to have some exclusivity, as they were told when they bought the medallion.”
On a recent afternoon, the family prepared to host a special meal to mark 40 days since his death. They created a fund-raising website to help pay off the balance on the taxi medallion, which Mr. Ochisor had borrowed money against, so that his wife can retire.
Helen and Nicanor met at an electronics factory in Romania. They married and moved to New York, purchasing the medallion for $180,000 in 1989. As its value rose, hitting a record of $1.05 million in 2013, they hoped it would fund their retirement.
But the price of a medallion has dropped dramatically with the rise of ride-hailing apps. The city has not held an auction since 2014 because of fears that the medallions would not sell for a good price, and owners who sell medallions privately have not commanded large sums.
When Helen Ochisor drives the taxi in Manhattan during the morning, business is virtually nonexistent.
“After 10 o’clock, I cannot pick up nobody,” Ms. Ochisor said. “For one hour or two hours, I was going downtown, uptown, and nothing.”
Mr. Ochisor had also worried about having to buy a new wheelchair-accessible vehicle — part of a city mandate — that would be cumbersome for the older couple. He did still enjoy parts of the job: talking to customers and playing backgammon with other drivers in a parking lot at Kennedy International Airport, where he waited before picking up passengers.
The family has not found a suicide note.
“We checked up and down, left and right,” Gabriel said. “Computers, phones.”
“I didn’t find anything yet,” Ms. Ochisor said.
Gabriel Ochisor wants the problems that troubled his father to be addressed. He has sent letters to Mr. de Blasio and to a list of other elected officials, pleading for them to level the playing field between taxi and Uber drivers. He met recently with Meera Joshi, the city’s taxi commissioner, but has not heard from the mayor’s office.
In a statement, Ms. Joshi said she admired “his resolve to make his father’s situation, concerns and beliefs heard.”
Bhairavi Desai, the executive director of the New York Taxi Workers Alliance, a group that represents drivers, said Mr. Ochisor’s death had brought a sense of urgency to their campaign for new regulations. A fee on for-hire vehicle trips in Manhattan, which was recently passed by state lawmakers to raise money for public transit, is another devastating financial setback, she said.
The taxi group is now focused on pressuring the City Council to pass new rules and watching for signs of depression among drivers to prevent further deaths.
“Right now, there is a sense of, ‘We’re not going to let our friend’s death go in vain,’” Ms. Desai said.
Still, it is easy to see how Uber has found a foothold in New York City. The Ochisor family lives in the Maspeth neighborhood of Queens, far from the nearest subway line. A reporter visiting the home asked for advice about the quickest way back to Manhattan.
Gabriel Ochisor had to admit that the best option was Uber.
Copyright 2018 The New York Times Company.  All rights reserved.

3 weeks 1 day ago

When going through a divorce, you can be left with different types of obligations. The most common is a domestic support obligation, such as child support or alimony, but you can also be made responsible for your spouse’s separate debts after divorce, usually as part of the property division.
For example, the wife gets to keep the dog and the house, and husband gets to keep the car. Wife, let’s say, then agrees (or is ordered by the court) to be responsible for all of husband’s credit card debts. Then for whatever reason, the ex-wife doesn’t make the payment on the credit cards. The credit card companies then sue the ex-husband who tries to defend by saying that it is his ex-wife’s responsibility!
Does this work?  How can this happen?
The truth is that divorce court/family law agreements and judgments only affect the two spouses, not third-party creditors like credit card companies. So in the above example, the failure of ex-wife to pay the credit cards as promised leaves her liable to her ex-husband, NOT to his credit card companies.
Can The Spouse’s Debt Be Discharged in Bankruptcy?
Sometimes the amounts involved can be quite substantial. In the above example, let’s say there were $100,000 in credit card debts that wife defaulted on. What can ex-hubby do?  He can, of course, file bankruptcy himself to deal with what always was his debt in the first place. But he can also pursue his ex-wife in family law court for failure to honor the agreement/judgment. This can result in altering any alimony/support payments being made or being imposed.
But ex-wife potentially has a way out too. She cannot get rid of her obligation to her ex-husband in a Chapter 7 case.  But in a Chapter 13 case, she may. Chapter 13 of The Bankruptcy Code allows the discharge of debts incurred in connection with a divorce if they are not part of a domestic support obligation (i.e. alimony, child support, etc.).
Thus, ex-wife can do a payment plan based on her budget and discharge the remainder of the debt owed to her ex-husband in a Chapter 13. It is possible though for the family law court to then order ex-wife to pay alimony to ex-husband, which would not be dischargeable in any bankruptcy chapter.
Schedule a Free Consultation with Your Portland Bankruptcy Attorney
When it comes time to file for bankruptcy, you need a compassionate and skilled attorney who will be able to guide you through the process as cleanly as possible. Northwest Debt Relief Law Firm, we can help you with filing for Chapter 7, Chapter 11, and Chapter 13 bankruptcy in Portland, Oregon.  We will be there every step of the way to help navigate you through the often-complex and difficult bankruptcy process.
Give us a call at (503) 912-8809 to schedule a free consultation with one of our bankruptcy attorneys. If you have any other questions about bankruptcy, one of our attorneys will be more than happy to offer advice on your particular situation.

The post How Can I Be Responsible For Ex-Spouse Debts After Divorce? appeared first on Portland Bankruptcy Attorney | Northwest Debt Relief.

3 weeks 2 days ago

Two important sets of CFPB amendments to its RESPA and TILA mortgage servicing rules go into effect April 19, 2018. These amendments expand the rights of those inheriting homes, awarded a home in divorce, or otherwise succeeding in interest to a mortgage loan. The rules also offer an important new right for debtors in bankruptcy to determine if mortgage servicer fees and application of mortgage payments are proper.
Homeowners now the right to receive monthly mortgage statements during and after bankruptcy.
Do you need help saving your home?  The other set of amendments is just as important, giving homeowners during and after bankruptcy the right to receive monthly mortgage statements. Without these statements, it has been difficult to determine if mortgage servicers were assessing improper fees or misapplying the homeowner’s mortgage payments, particularly during chapter 13 cases.
Successors in Interest Entitled to the Same Rights As Borrowers
saving your homeSaving your home
The new rules expand the definition of a “borrower” for purposes of RESPA, and “consumer” for purposes of TILA, to include a confirmed successor in interest. 12 C.F.R. § 1024.31 (eff. April 19, 2018). Successor in interest is defined as coextensive with transfers listed in the Garn-St. Germain Act after which a due-on-sale clause may not be exercised.
This list includes transfers related to the borrower’s death or a divorce or separation agreement, transfers to a spouse or children, or to a trust in which the borrower is a beneficiary. 12 U.S.C. § 1701j-3(d)

Additional note – the Consumer Financial Protection Bureau ‘CFPB’ has been instrumental in holding banks, car lenders, pay day lenders and many other responsible for their unscrupulous actions.  Trump and his big business friends are moving to gut the CFPB so as to reduce their power and expose those who do not have a voice (you and me) to the outrageous actions of big business.  Remember this next time you are asked to vote.
Related posts on this same topic:

  1. Beware consumers no longer protected – Corday leaving CFPB
  2. Payday and Deposit advance loans
  3. Stop Payday Loan Debt Traps
  4. Student Loans – the latest nightmare

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About the Author:
Diane L. DrainDiane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. As a teacher and retired law professor, Diane believes in offering everyone, not just her clients, advice about the Arizona bankruptcy and foreclosure laws. She is also a mentor to hundreds of Arizona attorneys.
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article.  Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*

The post New Help to Homeowners, Heirs or Spouses appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.

3 weeks 3 days ago

Money is a complicated topic. It is often very obvious what a person must do to improve their financial situation, but getting someone to change their financial habits and attitudes is hard. Good financial advice seems to go in one ear and out the other as clients continue to repeat the same destructive patterns over and over again.
At a core level, we generally know when we are behaving badly. An alcoholic is aware that they drink too much.  An obese person knows they need to eat a healthier diet. A gambler knows they cannot win back their losses at a slot machine.
Money disorders share this problem, but what makes them even more challenging is that a person may not even be aware that they have a disorder.  Instead, those who suffer from money disorders may actually think they are making wise money choices and they are at a loss to explain why things do not go well or they blame others for their failures.
Professor Brad Klontz has written a great deal about the psychological aspect of money behavior, including a book I recently read entitled Mind Over Money, Overcoming the Money Disorders That Threaten Our Financial Health.
According to Klontz, adult money behaviors are generally learned in childhood and they are often related to a traumatic event or “financial flashpoint.”  Conclusions formed by a child experiencing an emotional event involving money tends to flow over into their adult life. These early emotional money experiences create a “money script” that are played out repetitively in our adult life, both good and bad.

In our experience, financial pathology typically manifests itself in one of three ways.  We might repeat destructive financial patterns learned from our early socialization . . . We might also flee to the polar opposites of those patterns in an attempt to avoid repeating the experiences . . . Or we might alternate between those two extremes”

Everyone acquires a Money Script during their childhood that they put into play as an adult.  Such internalized money scripts become part of our personality and shape the way we view the world. Parents have a lot to do with shaping a child’s view towards money and the money scripts that play in their heads as they grow into adults.
There are may types of money scripts.  Some view the spending of money as a way to express love, so to not spend money on others as they request is to deny them love.  Some equate the acquisition of money as a sign of evil and greed so they give away all their money to stay pure and holy. Others view the spending of money as dangerous and they save every penny they earn while they wait for financial disasters to jump out of nowhere. Many spend money publicly to show their success to others and derive a sense of self-worth in the process.
But if you are not aware of what money scripts you are running, how can you determine if they are correct? Is spending money on your child the same thing as showing love? Is not spending money on your child a way to show dislike or disapproval? Obviously one can refuse to spend money on a child if more important items–like paying rent or utilities–need to be paid first, but that doesn’t mean you don’t love your child. But in the mind of many, such refusals mean just that, and so they take care of the child’s wants first and then scramble to pay the rent.
The beginning point in financial therapy is to review the financial history of your family and then to write down some of the spoken and unspoken money rules leaned in childhood. Does saving money really mean your greedy? Does spending money really show love? Are the money scripts in your head really the right kinds of rules to have? Who is in control of your money, the little child whose parents were less than terrific with money or the adult you have grown to be? For most of us, the child still rules. Maybe it is time for the adult to update the rules.

3 weeks 1 day ago

Do not ignore your debts–even if you think they are gone or “charged off”.
This article shows a prime reason why you should explore all options to resolve your debts.   Whether through bankruptcy or otherwise, it is important to do so even if you think the debts are gone. Judgment Creditors Can Seize Your Bank Account Without Further Notice Most know when a debt is being pursued by Debt Collectors in Oregon. The constant phone calls, bills, threatening letters, and eventually getting served with a lawsuit, make it hard to ignore. But what about debts you thought were gone and have not tried to collect for years?
A True Story
John (not his real name) had a bunch of old credit card and medical debts. The debts were many years old and he had not heard from any of them, nor made any payments, in years. In fact, most of the debts were past the statute of limitations for collections.  So what did John do?  Nothing.
He did not negotiate a settlement, did not file bankruptcy, or most importantly, he did not have a consultation with a bankruptcy attorney or other financial professional regarding his options. And that is a common response. At the time John defaulted on his payments, he had no assets.  No house, just a beat up car and about $40 in his bank account. The problem is that one of John’s credit card companies sued him and obtained a judgment against him many years ago. For years they remained dormant, not doing taking any collection actions. Then one day, after over 6 years, Surprise!   They lawfully seized over $20,000 sitting in John’s bank account. It was all the money he had in the world, and he had saved it up over time to use to start a business. And now it was gone. John could easily have qualified to file a bankruptcy case years ago and eliminated all this debt and he could have started rebuilding his credit then, even faster than had he not filed. Now the creditor has been mostly paid, and John has simply forked over money he did not need to pay.
How Creditors Can Get a Judgment Without You Knowing
Typically when someone sues you, you get “served” with the lawsuit papers personally. When that happens, you are aware there is a lawsuit. However, many times you can be served without ever knowing it. When a process server is unable to locate you and personally hand the papers to you, they can do “substitute service” by simply publishing notice of the lawsuit in a local newspaper which nobody will read. If you are someone who has moved a lot, or has tried to evade service, it is likely that the lawsuit proceeded without you knowing it. And if the lawsuit is filed and you do not respond, the party who filed the suit can get a “default” judgment against you, which is legally the same as a judgment entered after a trial.
How Long Are Judgments Valid?
In Oregon, a judgment is enforceable for ten years after entry of the Judgment. And they are renewable. Yes, that’s right.  All the creditor has to do is file a simple document renewing the Judgment, and they can continue trying to collect for another ten years. So these debts which John thought were long gone were always there. And now he is $20,000 poorer because he ignored the debts.
How Do I Find Out If I’ve Been Sued?
There is no one database that can be used to find out since it depends on where the lawsuit was filed, and in which court. The lawsuits are supposed to be filed where you were living (or where your address with the creditor says you are living). You can search the court’s website in the appropriate county or city for your name and see what it shows.  The searches may be free, or there may be a small charge.  But if you have ever had debts which you never paid, it is worthwhile to take a look.
Schedule a Free Consultation with Your Portland Bankruptcy Attorney
When it comes time to file for bankruptcy, you need a compassionate and skilled attorney who will be able to guide you through the process as cleanly as possible. Northwest Debt Relief Law Firm, we can help you with filing for Chapter 7, Chapter 11, and Chapter 13 bankruptcy in Salem, Oregon.  We will be there every step of the way to help navigate you through the often-complex and difficult bankruptcy process.
Give us a call at (503) 912-8809 to schedule a free consultation with one of our bankruptcy attorneys. If you have any other questions about bankruptcy, one of our attorneys will be more than happy to offer advice on your particular situation.

The post What Happens When You Ignore Debt Collectors in Oregon appeared first on Portland Bankruptcy Attorney | Northwest Debt Relief.

3 weeks 5 days ago

After Bankruptcy, check your credit score Most people have a credit score of about 620 a couple months after bankruptcy.  That’s from a study by the Philadelphia Federal Reserve Bank. a few years ago.  (I saved the complete study here.)  And here’s the full size  Chart that shows how scores recover.   What’s your after bankruptcy […]
The post After Bankruptcy, check your credit score by Robert Weed appeared first on Robert Weed.

3 weeks 5 days ago

Everyone is required to bring their social security card to their bankruptcy hearing. And a lot of people have lost theirs over the years.   Virginia was recently added to the states where you can use your drivers license and apply on the internet to get a replacement card sent to you.   You don’t […]
The post For your bankruptcy hearing, you’ll need your Social Security Card by Robert Weed appeared first on Robert Weed.

3 weeks 1 day ago

One of the benefits of the federal bankruptcy laws is a well-known exemption to the liquidation of assets. This exemption is known as the homestead exemptions, and under Washington law can help someone struggling through a bankruptcy emerge from the process with a small win.
Under the Washington exemption system, homeowners may exempt up to $125,000 of their home or other property covered by the homestead exemption.
If you owe money to any state for failing to pay income tax for pension or retirement benefits you receive while living in Washington, the homestead exemption is unlimited as to that debt.
Some states allow married couples filing a joint bankruptcy to double the homestead exemption amount, but in Washington, you cannot double. Even so, there are reasons a married couple would choose to file a joint bankruptcy.
These exemptions are an important part of the bankruptcy system, and allow those filing for bankruptcy to leave with some hope for starting over better than before.
Exemptions and the Law
These exemptions are found in the statutory language of the Bankruptcy Code and are very powerful under the law. This point was underscored by the Supreme Court in 2014 when they issued an opinion, overruling the 9th Circuit Court of Appeals who had denied a petitioner their right to a $75,000 exemption in the bankruptcy case.
In that case, Law v. Siegel, a man had filed for Chapter 7 bankruptcy, and claimed a $75,000 exemption for his home. At the same time, he claimed that a fictitious company (he invented), held over $100,000 in notes on his house, in addition to the mortgage owed to a bank. As his home was his only real asset, it left nothing for the trustee to liquidate for his estate.
Upon investigation, however, the trustee found out that this fictitious company did not exist, and therefore much of the home could be liquidated. It took several years of litigation and over $500,000 in litigation costs to find this out. When the bankruptcy finished the trustee asked the court to surcharge the man’s $75,000 home exemption, and apply that to the cost the case, and the bankruptcy court complied.
Supreme Court Overturns
This case went to the Supreme Court and they overturned the bankruptcy court and 9th Circuit Court of Appeals. They ruled that while the man’s conduct was fraudulent, and he should have been punished in a number of different ways, they could not just surcharge his home exemption when it is written into the statute, particularly where no other part of the code allows a judge to do this.
This case exemplifies how powerful the home exemption is in Washington bankruptcy cases, and why it is important to take advantage of this provision in the law. To do so you need the right legal team handling your case, and ensuring you get the best result possible for you bankruptcy case. These and other provisions can either help, or hurt you, depending on many factors.
Schedule a Free Consultation with Your Tacoma Bankruptcy Attorney
When it comes time to file for bankruptcy, you need a compassionate and skilled attorney who will be able to guide you through the process as cleanly as possible. Northwest Debt Relief Law Firm, we can help you with filing for Chapter 7, Chapter 11, and Chapter 13 bankruptcy in Washington State.  We will be there every step of the way to help navigate you through the often-complex and difficult bankruptcy process.
Give us a call at (253) 780-8008 to schedule a free consultation with one of our bankruptcy attorneys. If you have any other questions about bankruptcy, one of our attorneys will be more than happy to offer advice on your particular situation.

The post Bad Faith and Power of Homestead Exemptions Under Bankruptcy Laws appeared first on Portland Bankruptcy Attorney | Northwest Debt Relief.

4 weeks 16 hours ago

Tax time has come again and many Seattle and Tacoma area bankruptcy filers are wondering whether they are going to be able to eliminate their debt and still keep their tax refund.  Thankfully, the answer is generally yes and here is Keeping Your Refund in a Washington Bankruptcy is always a plus.
Chapter 13 bankruptcy filers are normally able to retain their refunds due largely to the kindness of the Chapter 13 Trustee in Seattle and Tacoma. Chapter 7 bankruptcy filers are generally able to keep their refunds as well. This is so largely because in the absence of substantial home equity, Chapter 7 bankruptcy filers in Washington may claim the extremely generous federal bankruptcy exemptions.
Currently the federal exemption scheme provides for $1,250 plus $11,850 of the homestead exemption to be used to exempt any property for single filers. This amount is doubled for joint filers. Usually that leaves ample room to protect a refund. 
As long as the bankruptcy filer has lived in Washington for the last two years, the federal exemptions are available. If not, the debtor can still claim the the federal exemptions, or failing that exemptions with nearly identical protections, provided that the debtor lived in some mixture of Washington and either Oregon or California for the last two and a half years. 
If you have lived in other states beyond Washington, Oregon and California, you will want to consult with an experienced  bankruptcy attorney who is familiar with the exemption schemes in other states. Even where the refund is at risk, there are strategies  available for protecting all or some of a refund, even where the exemptions fall short. 
Book an appointment at any one of our Washington Bankruptcy Law Offices in Seattle, Tacoma or Vancouver or at one of  our Oregon Bankruptcy Law Offices in either Portland or Salem, if you have any questions at all about keeping your refund or refunds through the bankruptcy filing process. We would be happy to help.
The post Keeping Your Refund in a Washington Bankruptcy appeared first on Portland Bankruptcy Attorney | Northwest Debt Relief.

4 weeks 16 hours ago

Not all debt collection agencies are the same. The endbillcollections group deals only with commercial recesses and has:

  • A success rate of 85%
  • Incomparable experience in collecting large sums of money
  • Vote A + with Better Business Bureau
  • Competitive prices (there are no charges if we do not collect)
  • Lawyer inside the company
  • Recognition of the company’s experience
  • 21 years of excellent service.

There are literally thousands of debt collection agencies in the United States. Many are simply companies with only one employee founded by former salesmen in the field of unemployed credit. These small collection agencies are generally not commercial recessed practices. They do not have the necessary business experience to understand the real reasons of the company’s debt or to know how to manipulate the situation to convince the Azenda to pay. They simply write letters and make phone calls soliciting payment and hope that this works.
Other debt collection agencies are huge. They collect all types of debt: by credit card, mortgage, rent of flats, medical expenses, insurance accounts, uncovered accounts of drugstores, telephone bills, etc. and also commercial collections. These credit recovery agencies will have palaces filled with magazines occupied by 12 dollar tele-collectors per hour reading written texts flowing on a computer screen. Computerized telephone composers contact the debtors who have switched to tele-collectors who have no knowledge of the situation except the amount due and the date of payment. The collectors do not take the time to understand the company they are calling, the nature of the debt, the reason for the non-payment, or the personality of the owner of the enterprise. They simply ask for money, which is much less effective than a professional approach.
There are many debt collection agencies of the same size as the endbillcollections group. But we do not know any commercial collection agency that has debt collectors with the business and professional experience that have ours. Just ask if these debt collectors:

  • Have previous experience in owning and managing businesses;
  • They have experience in negotiating mergers and acquisitions, intellectual property licenses, and cross-border ventures;
  • They were required to provide training programmes for credit managers on collection of receivables and bad payers;
  • They have been hired as consultants to travel abroad to negotiate transactions or resolve disputes;
  • They have MBA of five best schools;
  • They use all of this experience to deliver the best results in commercial credit recovery;
  • Do they use a custom approach for each collection to maximize credit recovery?

Clearly the largest collection agencies may not have debt collectors with this level of experience and ability. The endbillcollections group is a commercial recovery agency ‘ boutique ‘ specializing in large commercial debts.
We have several customers whose turnover exceeds the billion dollars per year. They entrust us with all their recoveries of all sizes. We also accept new customers who have only one credit to recover. The average amount of the receivable must be at least 2,000 dollars.