What Are Accounts Uncollectible, Example

Accounts uncollectible are loans, receivables, or other debts that have virtually no chance of being paid, due to a variety ...

What do debt relief companies actually do with your monthly payments?

Debt relief companies offer help to overburdened borrowers, but the monthly payments may not go where you think.

What happens if a debt collector garnishes your wages and freezes your bank account?

A creditor with a judgment can hit your paycheck and your account at the same time, causing major financial issues.

Can you qualify for credit card debt forgiveness if your bank account is frozen by a debt collector?

A frozen bank account signals serious debt trouble, but it can also be the moment to resolve the issue for good.
JD Supra

Decision by New York's Highest Court Results in Account Debtor Owing Its Counterparty's Debts

In this article, the authors discuss the implications of a decision by the highest court in New York causing an account debtor to ultimately pay double the amount that the account debtor owed. In ...
The National Law Review

Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Debt Management Plan vs. Credit Card Hardship Program: Which Saves You More?

Debt management plans and credit card hardship programs can offer relief when credit card debt becomes hard to manage. For ...