Accounts Retrievable Systems – Info About Judgment Collection
If the time to appeal in the court of origin has lapsed, and the judgment has become final, the holder of a foreign judgment, decree or order may file suit before a competent court in the U.S. which will determine whether to give effect to the foreign judgment. A local version of the Uniform Foreign Money Judgments Recognition Act applies in most states, for example in California. 13 U.L.A. 149 (1986).
A judgment rendered in a “sister” state or a territory of the U.S. is also referred to as a “foreign judgment.” 47 states, the District of Columbia, Northern Mariana Islands and the Virgin Islands have adopted the Uniform Enforcement of Foreign Judgments Act, 13 U.L.A. 261 (1986), which requires the states and the territories to give effect to the judgments of other states and territories, if an exemplified copy of the foreign judgment is registered with the clerk of a court of competent jurisdiction along with an affidavit stating certain things. The only U.S. states which have not adopted the Uniform Enforcement of Foreign Judgments Act are California, Massachusetts and Vermont. Legislation was introduced in Massachusetts in 2012 (Bill H.4268) to adopt the Uniform Enforcement of Foreign Judgments Act.
New York State and Connecticut are two of a small minority of U.S. jurisdictions that does not simply allow a judgment creditor to file a foreign judgment from a sister state if the judgment was obtained by default (meaning the other side never showed up for to contest its entry in the other state by, for example, defending himself at trial) or the judgment was obtained by confession (meaning the other side signed paperwork allowing a judgment to be entered against him). Instead, a party wishing to domesticate the foreign default judgment or foreign judgment obtained by confession must bring another action in New York State “on the judgment” where the relief sought is to have the foreign judgment domesticated in New York State. Moreover, a quicker “motion-action” procedure is available in New York where the owner of the foreign default judgment/judgment by confession files a summons and notice of motion for summary judgment in lieu of complaint.
When seeking to enforce a judgment in or from a state that has not adopted the Uniform Act, the holder of the judgment files a suit known as a “domestication” action. Since the full faith and credit clause of the U.S. constitution requires that states honor the judgments of other states, the domestication of a judgment from another state is generally a formality, even in the absence of the expedited procedure under the UEFJA.
To solve the problem of libel tourism, the SPEECH Act makes foreign libel judgments unenforceable in U.S. courts, unless those judgments are compliant with the U.S. First Amendment. The act was passed by the 111th United States Congress and signed into law by President Barack Obama.
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Accounts Retrievable Systems – Having Trouble With Debt Collection?
If you have made the final decision that you need to employ a collection agency to help retrieve the money owed to you, consider hiring us. We have remained leaders in the collection industry for over 30 years. Accounts Retrievable has experience and integrity spanning over three decades. Most of the claims collected by us are done so without forwarding additional legal costs. Our collection agency is focused in commitment to building quality relationships with creditors of all sizes and all industries which leads to higher client satisfaction.
You want to find a collection agency that is bonded and insured by ACA, and Accounts Retrievable without a doubt is. With us, funds are remitted weekly to clients while all ethical procedures are followed, you can be assured that with Accounts Retrievable, we hold our integrity at all times. Our staff and the worldwide network of collection attorneys that we have quickly addresses clients needs and will skillfully maximize recovery of accounts. We also have a state of the art web application that allows paperless placement of claims and email communication with our expert staff.
More than 90 percent of the staff at Accounts Retrievable has been employed for at least 4 years of our 24 years in business attesting to their satisfaction on how our collection agency takes care of its clients and its employees. Our competitive rates that we offer are based solely on results, if we do not collect on an account, we do not charge a fee. After receiving a claim from you we will usually contact debtors within 48 hours. We attract top talent, allowing us to build a professional staff who continually strive to upgrade their business knowledge.
Accounts Retrievable Systems – What A Collection Agency Does
Accounts Retrievable System has been providing professional, effective results on a worldwide basis for over 30 years. We are recognized as a leader in the collection industry due to our commitment to customer service and our collection efforts. We accept a variety of different accounts such as Judgments, commercial or consumer accounts, child support and spousal maintenance (alimony), auto loans and much more. The minimum accounts we will collect on is $1,500, and we absolutely accept international accounts as well as domestic accounts.
We do charge a fee for collections but we do not have any fees upfront. We only collect a fee from you if we collect on your account. Here is the fee structure:
COMMERCIAL COLLECTION DIVISION
RATES: Contingent Upon Collection
Before Litigation:
29% of collections
After Litigation:
When suit is recommended, client’s authorization will be required. Should suit be authorized, creditor will be responsible for advanced court costs. Court Costs vary from state to state and these rates will be quoted in our lawsuit requirement letter prior to authorization.
39% of collections
Large claims (over $500,000) – rates negotiable on an individual basis
CONSUMER (RETAIL) COLLECTION DIVISION
RATES: Contingent Upon Collection
Before Litigation:
34% of collections
After Litigation:
When suit is recommended, client’s authorization will be required. Should suit be authorized, creditor will be responsible for advanced court costs. Court Costs vary from state to state and these rates will be quoted in our lawsuit requirement letter prior to authorization.
44% of collections
To find out more about our fee structure, click here.
There is no risk submitting a claim to a collection agency. Although it is suggested to place an account with as soon as you can to increase the likelihood that it can be collected on, you should still place your account with us not matter how old it is. There is never a guarantee that we can collect on your account but we do guarantee that we will exhaust every effort at trying to collect on it.
Accounts Retrievable Systems – Use A Collection Agency
A judgment, in a legal context, is synonymous with the formal decision made by a court following a lawsuit. At the same time the court may also make a range of court orders, such as imposing a sentence upon a guilty defendant in a criminal matter, or providing a remedy for the plaintiff in a civil matter.
In the United States, under the rules of civil procedure governing practice in federal courts and most state courts, the entry of judgment is the final order entered by the court in the case, leaving no further action to be taken by the court with respect to the issues contested by the parties to the lawsuit. With certain exceptions, only a final judgment is subject to appeal.
In some legal systems (particularly civil law jurisdictions), a judgment is not considered final until after appeals have been exhausted or waived.
• Consent decree, a final, binding judgment in a case in which both parties agree, by agreement, to a particular outcome
• Declaratory judgment, a judgment of a court in a civil case which declares the rights, duties, or obligations of each party in a dispute
• Default judgment, a binding judgment in favor of the plaintiff when the defendant has not responded to a summons
• Summary judgment, a legal term which means that a court has made a determination without a full trial
• Vacated judgment, the result of the judgment of an appellate court which overturns, reverses, or sets aside the judgment of a lower court
Accounts Retrievable Systems – How A Collection Agency Can Help You
A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.
There are many types of collection agencies. First-party agencies are oftentimes subsidiaries of the original company the debt is owed to. Third-party agencies are separate companies contracted by a company to collect debts on their behalf for a fee. Debt buyers purchase the debt at a percentage of its value, then attempt to collect it. Each country has its own rules and regulations regarding them.
A collection agency is a third-party agency, called such because such agencies were not a party to the original contract. The creditor assigns accounts directly to such an agency on a contingency-fee basis, which usually initially costs nothing to the creditor or merchant, except for the cost of communications. This however is dependent on the individual service level agreement (SLA) that exists between the creditor and the collection agency. The agency takes a percentage of debts successfully collected; sometimes known in the industry as the “Pot Fee” or potential fee upon successful collection.
This does not necessarily have to be upon collection of the full balance; very often this fee must be paid by the creditor if they cancel collection efforts before the debt is collected. The collection agency makes money only if money is collected from the debtor (often known as a “No Collection – No Fee” basis). Depending on the type of debt, the age of the account and how many attempts have already been made to collect on it, the fee could range from 10% to 50% (though more typically the fee is 25% to 40%).
In family law and public policy, child support (or child maintenance) is an ongoing, periodic payment made by a parent for the financial benefit of a child following the end of a marriage or other relationship. Child maintenance is paid directly or indirectly by an obligor to an obligee for the care and support of children of a relationship that has been terminated, or in some cases never existed. Often the obligor is a non-custodial parent. The obligee is typically a custodial parent, a caregiver, a guardian, or the state.
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Accounts Retrievable Systems – What A Collection Agency Does
If you’ve never worked with a collection agency before, we can help simplify the process for you. Accounts Retrievable System is a very easy to work with collection agency with over thirty years of experience in the collection industry. We specialize in many areas of collection ranging from Judgment collections to Alimony and unpaid Child Support. Here we have provided many common questions that we are asked from clients with simple answers to get you more familiar with what a collection agency does and how it works.
Question: What is the minimum debt that you will collect on?
Answer: The minimum amount for claims that we will accept is $1,500.
Question: What types of accounts do you collect on?
Answer: Our collection agency accepts claims for Judgments, commercial and consumer accounts, unpaid child support, spousal maintenance (alimony), landlord/tenant matters, personal loans, auto loans and student loans.
Question: Does your collection agency collect on international accounts?
Answer: Yes. Accounts Retrievable is your global resource for all international accounts.
Answer: There are no fees that you have to pay upfront. All of our fees are contingent upon the successful collection of your accounts that you place with us. We do not collect any money from you unless we collect and recover the money that is owed to you.
Question: Do you require a contract?
Answer: Our agency does NOT require a contract.
Question: What information is required to start the collection process on my account?
Answer: We need the name, address, telephone number, contact name, fax number and a statement that showed the outstanding balance and any invoice information. If you are placing a Judgment account with us we will need a copy of the Judgment or Transcript. Any additional backup documentation (invoice copies, contracts, etc.) can be provided at a later date if you do not have them at the time of placement.
Question: How do I place my account for collection with you?
Answer: It is very simple to place accounts with us. Whether you have one account or one thousand, it is an easy process. You can place accounts through our website, email or by fax. If you require assistance in establishing and automated process, we can provide technical expertise to help extract and transmit your date securely.
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Accounts Retrievable Systems – Hiring A Collection Agency
Being a business owner is stressful enough, now add in a whole bunch of past due accounts, this will cause a great deal of stress that you don’t need. If you are having trouble collecting money that is owed to you, it is time to hire a collection agency. Since 1986, Accounts Retrievable has delivered highly effective results for clients worldwide. We specialize in collecting on a variety of different accounts ranging from Judgment Collections to Unpaid Child Support. With out partnership approach and our rapid collection, we remain a leader in the collection industry. We also pride ourselves in our ability to preserve relationships between businesses and their clients.
Accounts Retrievable continues to remain a leader in the collection industry. Our collection agency is comprised of a strong, cohesive and committed team. What makes us a leader in the industry is our tactics and techniques to collect on past due accounts. We use a wide range of tools and resources to achieve the best results possible with our clients. All of the staff at our collection agency has access to the latest software programs and a state-of-the-art secured network with a full disaster recovery program.
What makes our collection agency different is that we focus on the specific needs of each client. We will work with our clients needs whether it is for one claim or for thousands. We will never close an account until each and every collection option has been exhausted. We can not guarantee that we will collect on every account you submit to us, but we guarantee that we will put in every effort to collect and recover the money that is owed to you.
Accounts Retrievable Systems – How A Collection Agency Can Help You
Our Mission is to deliver high quality, effective and innovative solutions to our customers while trying to be an industry leader through superior client service, dignified account management and innovative technology integration. We will provide customer service second to none. ARS is committed to maintaining this leadership through constant investment in our people and technology and the ever changing development of collections solutions. Our mission is also to provide our employees meaningful work in a healthy, exciting and productive environment. It is our mission to encourage openness, innovation, and growth for all employees.
Accounts Retrievable has been in existence since 1986 and has been providing many industries and businesses with top notch debt collection services. ARS is an international collection agency providing professional, highly effective results for clients all over the world. If you are looking for help with judgment collections, commercial or recovery collections or child support, ARS can help you. We have over three decades of experience of collecting on accounts both international and domestic. Clients of ours benefit from an array of collection solutions that are designed to increase cash flow, reduce expenses, improve operation efficiency and of course maintain positive customer relations.
We pride in our ability to deliver professional, effective and timely results worldwide. We continue to strive to remain a leader in the collections industry. If you need help with collections, it is important to choose a collection agency with a consistent track record with successful outcomes. Our collection agency and all staff are kept current on all laws and statutes and continue with ongoing eduction to stay current. This is important in keeping positive customer relations. You want a collection agency that is going to treat your clients with respect and dignity. Accounts Retrievable is comprised of a strong, cohesive and committed team that works to recover money owed to you.
Accounts Retrievable Systems – Collection Agency Will Collect
Owning a business is stressful enough and then add past due invoices to the mix, that is a recipe for stress. Hiring a collection agency helps alleviate stress of collecting on past due accounts. When you have an account that you’ve previously tried to collect on and have had no success, you are wasting time and money. When you hire a collection agency the chances of you recovering your money are greatly increased. The professionals at a collection agency know debt collection tactics that work for different industries and different situations. Of course there is no guarantee that we can always collect the money owed to you but it is always worth a shot to place an account with us.
We’ve been asked time and time again what is the success rate of our collections on accounts. There is no set answer as the success of collection largely on the age of the debt and time of placement as well as the industry. There is no guarantee that we will always collect on your accounts that you place with us, but we do guarantee that each and every accounts placed with us is worked throughly. The variables that come with each account placed is what affects the success of collection. Found in every claim, the variables are the time past due, backup documents, singed credit applications, personal guarantees and previous collection efforts. We have had clients for whom we’ve collected 70% of the accounts they place with us, but also represent industries within these same industries where the recovery rate is far less.
Early placement of an account is far more important than you might think. The earlier you place an account with us, the greater the chances of recovery. Although we are a well established and reputable collection agency, not all accounts can always be collected on. We have collected on “dead accounts” in the past, but it is always important to place an account with us as soon as possible. The longer your customer delays in paying you, the lower the chances of recovery.
While being owning a business you may come across a time or two when you are owed money that is very hard to collect. You may have to hire a collection agency to recovery on the money owed to you. Debt collection is not as easy as you might think and hiring professionals to work for you can ease the stress of collecting.
Q: Is there a minimum debt that you will collect on?
A: The minimum amount of debt we will collect on and accept claims for is $1,500
Q: What types of accounts will you collect on?
A: We are experts in debt collection and will collect on different accounts such as judgments, commercial accounts, consumer accounts, spousal maintenance (alimony), unpaid child support, landlord matters, personal loans, student loans and auto loans.
Q: Do you collect on international accounts?
A: Yes. Accounts Retrievable Systems is your global resource for all international debt collections.
Q: How do I go about placing my account for collection?
A: Placing an account for collection is very simple with Accounts Retrievable System. Whether it is one account or a large volume or accounts it is simple. Our system is so simple that you can place your accounts through our website, e-mail or by fax. The account placement process is completely customizable, we want to make it easiest for you.
Q: When should I place an account for collection?
A: There is no set answer. A good guideline would be place an account for collections around 90 to 150 days after he date of the invoice or the last payment. Debt collection can be difficult without the help of professionals. Different circumstances call for placing an account earlier than 150 days. If there is a loss of contact, broken promises or lack of response you should consider placing your account earlier. The sooner you place an account with collection, the better chance for the recovery of your account.
