North Carolina Commercial Collection Agency

North Carolina Collection Agency
North Carolina Collection Laws

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

Full Debt Commercial Collection Agency Coverage for North Carolina NC

Charlotte | Greensboro | Raleigh-Durham | Wilmington

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

North Carolina Collection Laws

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

• North Carolina Collection Laws Interest Rate
  Legal: 8%
  Judgment: 8%
  
  
• North Carolina Collection Laws Statute Of Limitations (Years)
  Open account: 3
  Sale of Goods: 4
  Written Contract: 3
  Domestic Judgment: 10
  Foreign Judgment: 10
  
  
• North Carolina Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  30 day written demand lesser of $500 or 3x check amount, but not less than $100
  
  
• North Carolina Collection Laws General Garnishment Exemptions
  100% of last 60 days' earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc.

North Carolina Debt Collection Tips

For every business serious about maintaining optimum cash flow, it is imperative that effective practices be implemented for securing monies owed and curtailing potential debtors. The past several years have seen some troublesome statistics materialize with respect to commercial debt collection. The statistics are particularly upsetting for small and medium-sized businesses trying to collect on their invoices.

The likelihood of successful debt recovery is increased dramatically when the process is outsourced to a reputable, third-party commercial collection agency. In fact, today, it is estimated that over 90% of big businesses and approximately 10% of small businesses rely on professional collection agencies, with middle-market businesses falling within that mean.

These companies are already benefiting from having a third-party commercial collection agency oversee their debt collections.

As an SAS 70 Certified company, Burt & Associates will effectively manage your accounts receivable portfolio. Contact me today and let’s get you on the road to recovery!

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Adequate Protection Under the U.S. Bankruptcy Code

The term “adequate protection” is primarily a term of art and is not strictly defined in the U.S. Bankruptcy Code. It is understood to suggest possible methods of providing adequate protection and is considered a shorthand way of discussing the rights of secured creditors and the assets of the bankruptcy estate. According to section 361 of Chapter 11 of the U.S. Bankruptcy Code, adequate protection may be provided by requiring a debtor in possession to make cash payments, by imposing a replacement lien on the assets of the bankruptcy estate or assets that have been sold, used or leased by the debtor or by granting other relief which will protect the secured creditors from diminution of the collateral position in the bankruptcy estate.

Q & A

Question: Discuss how the “Cleanup and Polluter Acceptability Act of 2007" affects a bankruptcy trustee.

Answer: The “Cleanup and Polluter Acceptability Act of 2007" affects a bankruptcy trustee by authorizing that trustee to avoid a debtor’s transfer of an asset within ten years before the filing if the debtor had pre-existing liability under CERCLA (the “Superfund Law”) and the debtor made the transfer with the intent to hinder, delay or defraud any entity with respect to such liability.