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DEBTOR/CREDITOR LAW

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Few businesses can remain solvent and maintain operations without a constant and continuous stream of income. Receiving prompt payment and collecting on accounts receivables help to preserve the precarious balance between doing business for a profit and operating at a loss.

While money does not – “literally”- make the world go around, its absence can reek havoc on your "bottom line" and turn your business and/or personal life upside down. Alas, money does not grow on trees.

The Gibbs Law Firm, LLC understands that businesses and individuals can ill afford to provide goods and services without receiving timely payment. The Firm works diligently to aid clients with debt recovery in the most time sensitive, cost effective manner practicable.  In circumstances, where money judgments are ordered by the court, the Firm assists clients in enforcing judgments to convert court mandates into cash.

 
 
 

During these difficult economic times, faced with rising debts and shrinking income, more and more individuals are finding that they must pay closer attention to how they manage their finances. As a result, knowing and understanding your rights has taken on added significance.

 

If you are facing financial difficulty, debt collectors are calling, you are facing a lawsuit and possible  judgment, or your accounts are in collections,

don't wait...now is the time to seek the advise of an attorney to ensure that your rights are protected.

 

There are options to explore to help ensure your personal welfare and that of your family. You don't need to face these issues alone, seek the assistance you need. Call the Firm today.

 
   

The Fair Debt Collection Practices Act (the "Act") primarily applies to third-party debt collectors; it was not intended to cover the conduct of the original creditor. However, some states have enacted consumer-protection statutes that provide broader coverage than the Act, which may include the conduct of the original creditor.

  

The Act also prohibits debt collectors from engaging in the following activities: (a) behavior that harasses or annoys debtors; or (b) threatening debtors with arrest or legal action unless litigation is actually contemplated. Additionally, the Act requires that in the the debt collector's first communication with the debtor, the debt collector notify the debtor of their ability to challenge the validity of the debt and provide other basic information including the debtor's right to ask the collection agency to “validate” the debt within a specified amount of time.

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The information contained on this website is not to be construed as legal advice. It is not intended to solicit or form an attorney-client relationship. We do not guarantee any result and prior results do not guarantee a similar outcome. This is an attorney advertisement and this website is for informational purposes only. ©2007-2011 The Gibbs Law Firm, LLC. All rights reserved. webmaster@thegibbslawfirm.com