How Much Does Debt Collection Cost? Business Fee Models, Hidden Expenses Guide

Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...
JD Supra

Court Rules that Earn Account Assets are Property of the Debtor: Celsius Bankruptcy Case: January 13, 2023

Court rules that Earn Account Cryptocurrency is owned by Debtors and will not be returned In our latest Bitblog update regarding the Celsius Network LLC, et al. (the “Debtors”) bankruptcy proceeding ...
2UrbanGirls on MSN

Is there a minimum debt amount for collections? Thresholds, factors explained

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny unpaid amounts can haunt your credit score—and the threshold that triggers ...
JD Supra

Decision by New York's Highest Court Results in Account Debtor Owing Its Counterparty's Debts

In this article, the authors discuss the implications of a decision by the highest court in New York causing an account debtor to ultimately pay double the amount that the account debtor owed. In ...
Reuters

Bankruptcy court rules that debtors cannot sell future cash receipts

August 22, 2025 - In M Design Vill. v. Versant Funding LLC (In re M Design Vill.), Adv. No. 24-01639, 2025 WL 2088887 (Bankr. D.N.J. July 24, 2025), the United States Bankruptcy Court for the District ...

How likely is it that a debt collector will sue you?

If you're behind on payments, you should know what the odds are that a debt collector will take legal action.