Maryland Commercial Collection Agency

Maryland Collection Agency
Maryland Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Maryland MD

Annapolis | Baltimore | Bethesda | Frederick

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

Maryland Collection Laws

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

• Maryland Collection Laws Interest Rate
  Legal: 6%
  Judgment: 10% or contractual



• Maryland Collection Laws Statute Of Limitations (Years)
  Open account: 3
  UCC: 4
  Specialty: 12 (contract under seal)
  Written Contract: 3
  Domestic Judgment: 12
  Foreign Judgment: 12
  
  
• Maryland Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  After 30 day written notice, amount due, $25 fee, twice check amount up to $1000. (At the discretion of the court.) Applies to COD sales only.



• Maryland Collection Laws General Garnishment Exemptions
  Greater of 75% or amount = to $145 x no. of wks. in which wages due were earned; except in Caroline, Worchester, Kent & Queen Anne's Counties, see federal law. Exemption is up to $3,000 in cash and/or property for non-wage property exemption.

Maryland Debt Collection Tips

Have you ever wondered why, when a company's motto is, "The customer is always right," you and I continue to get over-billed by one company, misled by another and simply have everyday experiences that remind us that the customer in fact is not king?

I read an article earlier about a collection agency that was withholding monies from a client they had collected. To me, that speaks volumes about how little that agency values their customers. At Burt & Associates, our customers are #1. As an SAS 70 Certified commercial collection agency, we take pride in our treatment of our customers. Commercial collections is what we do best, but we will work with any of our customers to help them with any and all of their back-office needs.

Contact me today and see just how we treat our customers. You are more than just "right," you are the king when it comes to your commercial collections and back-office needs. I look forward to introducing you to true customer service.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Scenarios for the Demise of Buyout Mania

No doubt the current private-equity buyout binge will end one day, but one question for now is how and why. Some analysts have boiled the possibilities down to three scenarios. First, some significant economic event could suddenly dry up free capital, causing investors to avoid buyouts. A second possibility is that lenders may eventually have to tighten their loan standards, which would crimp available cash for buyouts, similar to what has already begun happening in the housing market. Finally, a more benign consideration is that the buyout mania could simply fizzle out on its own if returns gradually decline, which would prompt private-equity investors to take their dollars elsewhere.

For the most part, however, private-equity deals remain strong and healthy, with junk-rated corporate-loan defaults at their lowest historical rates.

The Credit Manager's Q&A Corner
Question: Explain the term "transfer", according to the U.S. Bankruptcy Code.

Answer: The definition of the term "transfer" in the U.S. Bankruptcy Code is very broad and coves every mode of disposing of property, whether direct or indirect, absolute or conditional, voluntary or involuntary. In fact, any payment, gift or other transfer of assets, may fall within the provisions, including voluntary payment by the debtor of an outstanding unsecured bill or the satisfaction of the same debt through the seizure of assets.