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High-tech Debt-collection Services

Just a couple more weeks to qualify for a trip for 2 to Las Vegas, courtesy of Burt & Associates. Through Friday, August 31st, 2007, place an account with us that is over $10,000 and receive an entry into the drawing. Trip details can be found on our website at http://www.burtcollect.com/news/.

Call your National Account Executive TODAY for further information on how you can become eligible for the trip to Las Vegas!!!

Here at Burt & Associates, we provide customized high-tech debt-collection services to a rapidly growing set of clients representing more than a million debtors. As an SAS70 Certified commercial collections company, we feel that we need to always exhibit the qualities of a great team.

As a customer of Burt & Associates, you receive the highest quality of service available for your commercial collections issues. Our up-to-date systems allow us to be a fast-action agency, meaning, we collect more money, fast than other agencies, because we go to work faster, more aggressively and with better technology.

Burt & Associates is ranked among the top agencies for total dollars collected and more importantly, we’re number one when it comes to speed and efficiency. We believe we can demonstrate that our proven methods and procedures will produce the best net recovery results for all your commercial collection needs.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today’s Credit Executive
Due Diligence When a Debtor Files Bankruptcy

When a debtor files for bankruptcy protection, there is some useful information that should be reviewed in due diligence. First, you should review the bankruptcy petition and all public documents related to the filing that are posted on the court docket and available at the websites of each of the U.S. Bankruptcy Courts. (Note that there is a charge by the Administrative Office of the U.S. Courts for retrieving data electronically.) Second, you should review the debtor’s financial statements. Finally, you should consider reviewing media accounts of the bankruptcy, such as are available at standard daily and weekly print and electronic sources including, of course, this company’s online daily and weekly publications.

The Credit Manager’s Q&A Corner

YESTERDAY’S QUESTION: Explain the statutes of limitations with regard to past-due accounts.

ANSWER: The statute of limitations concerns the amount of time within which a legal remedy may be brought. In the case of the collection of a debt, many statutes of limitations are set by individual states and may vary considerably based on the type of contract. For example, the limitation on a judgment may be longer than one involving open or revolving accounts. It should be noted that the statute of limitations can often be revived with either a partial payment or a written promise to pay.
A debt collector isn’t bound by a statue of limitations when requesting payment on a debt. However, the debt collector may violate provisions of the federal Fair Debt Collection Practices Act when threatening to take legal action when the debt has gone beyond the statutory time limit. Some consumer lawyers have been arguing recently that attempting to collect on a debt after the statue of limitations has expired is a misrepresentation of the legal status of the debt, and, as a result, is a violation of the Fair Debt Collection Practices Act.