April 2009
Las Vegas Business Press (10712186);4/6/2009, Vol. 26 Issue 14, pP6
The article reports on the increase in the number of companies in Las Vegas, Nevada, which are not paying their bills. Valerie Martinet, district manager of the office of Transworld Systems in Las Vegas, Nevada, states that consumers have been slow to pay, but now businesses are also failing to pay. According to many observers, businesses are waiting too long to send their delinquent accounts to collections.


Related Articles

  • Sellers of Consumer Debt Face Reg Threats. Horwitz, Jeff // American Banker;4/25/2012, Vol. 177 Issue 64, p1 

    The article reports U.S. regulators are examining financial institutions' selling of defaulted consumer debts. The Office of the Comptroller of the Currency's investigation of JPMorgan Chase bank's sales division and debt litigation, Consumer Financial Protection Bureau's focus on the...

  • WORTH the trip. Taylor, Daniel // Agent (1443-3443);Oct/Nov2015, Vol. 48 Issue 5, p12 

    The article discusses a meeting titled "2015 ACA International Annual Convention and Expo" convened by The Association of Credits and Collection Professionals, Minnesota held in July in Boston, Massachusetts,

  • SKIP crazy.  // Agent (1443-3443);Dec2015/Jan2016, Vol. 48 Issue 6, p5 

    The article discusses the report posted on a website located at blog.credit.com which revealed that several skiptracers in the U.S. were exposed and judged by authorities to be less than fair, highlighting a method to mask identity when calling consumers with caller identification systems.

  • STATE DEFAULT AND SYNTHETIC BANKRUPTCY. Hynes, Richard M. // Washington Law Review;Oct2012, Vol. 87 Issue 3, p657 

    An insolvent state does not need bankruptcy if sovereign immunity would protect it from lawsuits and other collection efforts. To the extent that a state is not judgment-proof and needs bankruptcy, we may not need to modify the Federal Bankruptcy Code to allow it to file. First, a substantial...

  • Loan Defaults: When to Utilize a Law Firm. Simon, Frank // Credit Union Times;8/19/2015, Vol. 26 Issue 30, p12 

    The author discusses aspects of how credit unions can handle loan defaults. He talks about ensuring financial fitness and legal backing of the credit union through a law firm and mailing demand letters and obtaining settlement agreements from borrowers. Also investigated is the scenario of a...

  • FTC Blames Card Issuers for Missing Debt Collection Docs. Horwitz, Jeff // American Banker;1/31/2013, Vol. 178 Issue 17, p22 

    The article notes information from the U.S. Federal Trade Commission's (FTC's) report which found consumer debt buyers are not getting the thorough documentation needed for defaulted loans they buy from banks. The report also found credit card debts dominate the debt buying and selling markets....

  • ASTA Funding Reports $79 Million Quarterly Net Loss.  // CardLine;12/25/2009, Vol. 9 Issue 52, p46 

    The article offers information on the financial performance of Asta Funding Inc., an asset-management company that buys unpaid credit card loans and tries to collect them. As stated, the firm reported a loss of dollars 79.2 million for its fiscal fourth quarter which ended on September 30, 2009....

  • Lawsuits Name 764 Agencies, Creditors. Waggoner, Darren // CardLine;3/12/2010, Vol. 10 Issue 11, p36 

    The article presents information on lawsuits related to consumer debt collection practices in the U.S. According to data from the U.S. District Court complaint dockets, an estimated 764 different collection agencies and creditors are named in the 899 consumer statute lawsuits filed nationwide in...

  • Hot Debate: Social Media Collections Role. Lucas, Peter // American Banker;5/10/2011, Vol. 176 Issue 72, p6 

    The article discusses debt collection agencies and their use of social networking web sites to contact debtors or their family members and friends, noting concerns it raises among banking regulators in administration of the U.S. Fair Debt Collection Practices Act.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics