Virginia Commercial Collection Agency

Virginia Collection Agency
Virginia Collection Laws

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

Full Debt Commercial Collection Agency Coverage for Virginia VA

Alexandria | Arlington | Lynchburg | Norfolk | Richmond | Roanoke | Virginia Beach

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

Virginia Collection Laws

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

• Virginia Collection Laws Interest Rate
  Legal: 8%
  Judgment: 9% or contract rate whichever is higher
  
  
• Virginia Collection Laws Statute Of Limitations (Years)
  Open account: 3 Last charge or payment Written Contract: 5
  Domestic Judgment: 20
  Foreign Judgment: 10
  Sales of goods under article 2 is 4 years
  
  
• Virginia Collection Laws Bad Check Laws (NSF) (Civil Penalty)
  Lesser of $250 or three times check amount


• Virginia Collection Laws General Garnishment Exemptions
  See federal law
  
  

Virginia Debt Collection Tips

When it comes to collecting what it owed to you, you want experience but most importantly you want results. Burt & Associates has a solid reputation with 30 years experience in the business. Our team of highly-trained professionals take a skillful and diplomatic approach when collecting what is owed to you and collect it with rapid results.

Burt & Associates is a SAS-70 Type II certified and compliant Commercial Collection Agency. Please give me a call today to get us working for you.

Regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today's Credit Executive
Bank of New York Mellon: The Custodian for Our $700 billion Bailout Plan

Bank of New York Mellon was recently chosen, among seventy applicants, to act as the master custodian for the government’s $700 billion bailout fund. The bank is basically the “prime contractor of the purchase program”. The choice was seemingly a sound one as Bank of New York Mellon was founded by one of our nation’s founding fathers in 1784, Alexander Hamilton. Hamilton was appointed the first U.S. Secretary of State by George Washington. Hamilton had a sound vision of economic and financial principles that has served the bank well over the centuries.

Few American companies have lasted as long as Bank of New York Mellon. Today, just as Alexander Hamilton played such a huge role in our government by writing the new bank’s constitution, the bank keeps track of $23 trillion in assets for mutual funds, pension plans and large endowments. As custodian for the bailout money, the bank will furnish the Treasury Department with record-keeping services for the $700 billion portfolio. It will also provide pricing and asset valuation services, keep track of executive compensation limits and warrants received from institutions that sell their assets into the fund.

The Credit Manager’s Q&A Corner

QUESTION: Explain what a Chapter 12 bankruptcy is.

ANSWER: A Chapter 12 is a family farmer bankruptcy. The chapter was created by Congress in 1986 and became effective on November 26, 1986. Only a family-owned farm business can qualify for Chapter 12 and it must have debt less than $1.5 million and have 50% of its income from farming operations.