California Commercial Collection Agency

California Collection Agency
California Collection Laws

Burt and Associates is a Collection Agency that specializes in Commercial Collections.

Full Debt Commercial Collection Agency Coverage for California CA

Los Angeles | Oakland | San Diego | San Francisco | San Jose

Burt & Associates a national debt collection agency with full collection coverage for California. We invite you to review our services and feel free to contact us with any questions or comments you may have.

Contact Burt & Associates

By Phone:
Direct : (323) 213-9302
Toll free: 1-877-740-7839

Or Fill out our Collection Agency Contact form

To Get A Free Quote, know our Collection Rates or call us toll free 1 (877) 740-7839 and get started today!

California Collection Laws

We hope that this information on California Collection Agencies assists you. The following is a summary of the California Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise.

• California Collection Laws Interest Rate
  
  Legal: 10%
  Judgment: 10% (Unless otherwise contracted)
  
  
• California Collection Laws Statute Of Limitations (Years)
  
  Open account: Reduced to writing-4
  Open account: No writing-2
  Written Contract: 4
  Domestic Judgment: 10 (renewable at 10)
  Foreign Judgment: 10 (commencing with judgment debtor's commencement of CA. residence.)
  
  
• California Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  
  Amount due, treble damages - minimum $100 maximum $1500 per check.
  
  
• California Collection Laws General Garnishment Exemptions
  
  See federal law. Exemptions for necessities of life.

California Debt Collection Tips

An efficient collections process involves much more than how you contact delinquent accounts. It involves merging credit risk management into your collection prioritization and collection strategy procedures. It involves implementing scalable and flexible solutions. It involves automated processes to assure accuracy and efficiency. You can be assured that Burt & Associates' professional commercial collections staff are able to provide you with collection solutions quickly and efficiently. Our commercial collection professionals focus their attention and efforts on collecting your delinquent accounts so that you can focus on your business. Should you have any questions, comments or suggestions, please do not hesitate to contact your National Account Executive today.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Good Faith and Dismissals in Chapter 7 Liquidations

Good faith is extremely limited under Chapter 7, as it is generally thought to be inappropriate and inequitable to eliminate a debtor's access to the voluntary liquidation provisions under the U.S. Bankruptcy Code. A main goal of the Bankruptcy Code is to provide "open access" to bankruptcy proceedings for distressed debtors, with access to bankruptcy relief which is as "open" as "access to the credit economy".In bankruptcy law, Congress intended that there should be no legal barriers to a voluntary petition. Therefore, unless egregious misconduct and/or fraud is involved, corporate Chapter 7 liquidations have usually not been subject to dismissal for cause on grounds of bad faith.

The Credit Manager’s Q&A Corner

QUESTION: Explain what happens to corporate assets in a General Assignment for the Benefit of Creditors.

ANSWER: The corporation is divested of all of its assets at the time of the execution of the documents.The Assignee will marshal all the assets and then cause them to be liquidated as quickly as possible. Separate bank trusts are set up for each case, while administrative costs are paid on an ongoing basis. Unsecured creditors are required to file their claims within the statutory period of 180 days.