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Efficient Monetary Transactions

Collecting past due accounts is harder than it looks. It takes more than a couple of ledgers, calculators and assistants to get this kind of task over and done with. This is especially the case if you have a running business which also calls for a significant amount of your attention. If you find collecting too much work – turning to the services of commercial collection agency is a smart step. We are your helping hands when it comes to efficient monetary transactions in a blink of an eye.

Through Burt & Associates, a SAS-70 certified commercial collection agency, you will be able to achieve monetary gain without any hassles or stress. We are a company which has made a name by properly, ethically and efficiently collecting other people’s bad debt. Get to know our track record when it comes to delivering collected funds to clients. Call me today at 1-800-755-7111.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today’s Credit Executive
Collection Efforts In a Bankruptcy Filing

When a debtor files for bankruptcy, whether it be under Chapter 7, 11, or 13, and whether it be a voluntary or involuntary filing, “all entities” are automatically and immediately stayed from taking any action or continuing any legal action against the debtor. This includes attempts to collect debt from the debtor by any party. This also applies to the enforcement of liens against the debtor’s property. This stay also relates to repossessions of property. If the creditor had repossessed property prior to the filing of the case but had disposed of it by sales, the creditor could, and the key word here is “could”, be required to make restitution of that asset to the bankruptcy estate.

Questions & Answers

Question: Explain what a preference is.

Answer: A preference is a kind of payment made by a debtor during a specified period prior to the filing of a bankruptcy that favors one creditor over others. Preference payments can often be recovered and returned to the debtor’s estate.