Indiana Commercial Collection Agency

Indiana Collection Agency
Indiana Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Indiana IN

Fort Wayne | Gary | Indianapolis | South Bend | Spiceland

Burt & Associates a national debt collection agency with full collection coverage for Indiana. 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:
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!

Indiana Collection Laws

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

• Indiana Collection Laws Interest Rate
  Legal: 8%
  Judgment: 8%
  
  
• Indiana Collection Laws Statute Of Limitations (Years)
  Open account: 6
  Written Contract for payment of money
  (executed before 9/l/82): 10
  (executed after 8/31/82): 6
  Written Contract (other than payment of money): 10
  Written Contract for sale of goods: 4
  Domestic Judgment:
  10 on real estate
  20 against the person
  Foreign Judgment: 10
  
  
• Indiana Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  Triple check amount up to $500 over check amount, + attorney fees & interest up to 18% per annum or triple check amount + attorney fees and interest at 8% per annum.
  
  
• Indiana Collection Laws General Garnishment Exemptions
  75% of disposable earnings for work week or the amount of 30 x Federal minimum hourly wage, whichever is greater.

Indiana Debt Collection Tips

Businesses that sell goods and services on credit must handle accounts receivable. Inevitably, those businesses granting credit must decide what to do with past-due accounts. Today, I'm going to conclude my series on the importance of partnering with Burt & Associates for all your commercial collection needs.

I have shared with you what Burt & Associates can do for you, how to feel comfortable when it comes to partnering with Burt & Associates and why it is important for you to share your collection issues with us. In this final installment, I want to help you understand the importance of contacting Burt & Associates early on in your delinquencies and why the earlier you contact us, the better.

One thing for you to always keep in mind is when it comes to commercial collections; prompt intervention will significantly improve the chances of collectibility. Most companies will only turn to a collection agency once their delinquent accounts reach 180 days. This could prove to be too late. Once your account hits day-91, you are 30% less likely to collect on it and the percentage of recovery drops as time passes.

Being an SAS70 certified company, Burt & Associates will take an experienced and professional approach to collecting your delinquent debt, no matter how delinquent it is. However, the sooner you contact us about your commercial collection needs, the better.

We are ready and waiting for you to make that call. Let us help you accomplish all your goals. Give me a call to get going!

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Bankruptcy Filings Drop Dramatically in 2006

The Administrative Office of the U.S. Courts said that U.S. bankruptcy filings plummeted 70% last year, to the lowest level in nearly two decades. Following the introduction of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) late in 2005, the total number of bankruptcy filings for calendar 2006 sank to just under 618,000 cases. Consumer bankruptcies, the main target of BAPCPA, sank 71%, to about 598,000 cases. Part of the precipitous drop in filings in 2006, however,was due to a sharp increase in bankruptcy filings in 2005 in anticipation of the passage of BAPCPA. The good news may not be long lasting however, with high debt plaguing the housing sector, it's expected that consumer bankruptcy filings will start increasing again by the end of this year.

The Credit Manager's Q&A Corner
Question: Explain priority classes among creditors in a Chapter 11 bankruptcy.
Answer: In order to determine which claims will receive priority, priority classes are established. Administrative expenses are in the first priority class, followed by wages, salaries and commissions, contributions to employee-benefit plans and certain taxes. General unsecured creditors are often at the bottom of the priority list.