Creditor's rights

From Wikipedia, the free encyclopedia

Creditor's Rights is a legal term used to describe a lawyer's specialized practice area focused on the collection of debts on behalf of creditors. ^[1] Such attorneys are frequently referred to as collection attorneys or collection lawyers.

Attorneys who practice in the area of "Creditor's Rights" will perform one or all of the following:

• Filing lawsuits and using other legal collection techniques to collect consumer debts (i.e. debts owed by individuals).
• Filing lawsuits and using other legal collection techniques to collect commercial debts (i.e. debts owed by businesses).
• Representing a creditor's interests in a bankruptcy proceeding.
• Foreclosure of homes or commercial real estate if the purchaser defaults on payment.
• Recovery (or Replevin) of secured goods (e.g. automobiles) if the purchaser defaults on payment.

[edit] References

[edit] See also

• Accounts receivable
• Bankruptcy law
• Collections
• Contract law
• Contribution claim (legal)
• Creditor
• Debtor
• Fair Debt Collection Practices Act