Identity Theft and Assumption Deterrence Act
The Identify Theft and Assumption Deterrence Act is a federal law that makes identity theft a federal crime with penalties of up to 15 years imprisonment and a maximum fine of $ 250,000. It establishes that the person whose identity was stolen is a true victim, and allows him to seek restitution in the event of conviction. It also establishes the Federal Trade Commission (FTC) as the central agency to act as a clearinghouse for complaints, referrals, and resources for assistance for victims of identity theft.
Involuntary Bankruptcy
An involuntary bankruptcy is a petition filed by certain credit grantors to have a debtor judged bankrupt. If the bankruptcy is granted, it is known as an involuntary bankruptcy.
Find out how the CollectOne software suite can help your organization track bankruptcies on delinquent accounts. Learn More...
Judgment
A judgment is synonymous with the formal decision, made by a court, following a lawsuit. At the same time, the court may also institute 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 law matter.
The CollectOne software suite comes standard with an award winning legal system that is designed to maximize productivity throughout the legal collection process. Learn More...
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