Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
A collection agency, also known as a debt collector, is a business or other entity that specializes in debt collection, i.e. 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.
Garnishment is an American legal order for collecting a monetary judgment on behalf of a plaintiff from a defendant. The money can come directly from the defendant (the garnishee) or—at a court’s discretion—from a third party. Jurisdiction law may allow for collection—without a judgment or other court order—in the case of collecting for taxes.
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- Once you are referred to us we will set you up with an AC appointment with an attorney. (Attorney appointments are out 6-10 Weeks)