delinquent debt

A new report says that delinquent debt is on the rise for very small and large businesses.

Collection agencies in the past paid about 15 cents on the dollar for delinquent debt.

The industry averages about 20 percent recovery on delinquent debt, Strausser said.

The same 10% rate applies on average to other types of consumer delinquent debt, such as mortgages and credit cards.

Among those circumstances, Duncan wrote, are delinquent debts so small they are considered "de minimis," or inconsequential.

Since the inception of the offset program in 1997, Rural Development has collected over $36 million in delinquent debt.

Most experts believe it is down to a lack of funding, rather than a case of the taxman taking a softer stance on delinquent debts.

The Act regulates the computer matching of federal data for federal benefits eligibility or recouping delinquent debts.

Bartmann created a consumer friendly company that would buy delinquent debts from banks and then attempt to restructure them according to terms the customer could afford.

Complicating the picture further: Like child support and income taxes, student loans usually can't be discharged or reduced in bankruptcy proceedings, as can most other delinquent debt.

“The supply of delinquent debt is growing exponentially,” said Mr. Siegel of Franklin Credit Solutions.

The students need to know, for example, that the penalties associated with delinquent debts will accrue to them — and not to their parents, as many students seem to think.

In 2005, the Oregon Garden Foundation placed the garden in receivership as attendance had declined to 40,000 people that year with a delinquent debt of $8 million.

They should also be told that delinquent debts can cause their interest rates to soar not just on their credit cards, but on car loans and mortgage rates as well.

With its banks and largest corporations still mired in delinquent debts, Indonesia remains dependent on emergency financing from the International Monetary Fund and the World Bank.

Unpaid taxes, the largest portion of the delinquent debt and also the fastest growing, raises questions about the overhaul of the tax system that the Administration and Congress enacted in 1986.

Most of the American states created statutes and case law that also favored lenders, enforced the collection of delinquent debts, and made banks and bankers key leaders of their communities.

The Treasury Offset Program (TOP) is a centralized debt collection program designed to assist agencies in the collection of delinquent debt owed to the Federal Government.

With more than 25 years specializing in the collection of delinquent debt, General Revenue Corporation has redefined the art of borrower negotiation and utilizes state-of-the-art technology to its fullest.

The Office of Fiscal Service's mission is to develop policy for and operate the financial infrastructure of the federal government, including payments, collections, cash management, financing, central accounting, and delinquent debt collection.

The document includes language on boosting collection of delinquent debt owed to the federal government and past-due child support payments through states, and expanding use of electronic payment and collection transactions.

Often the sales are conducted under the Uniform Commercial Code, which allows the board to take control of the apartment and sell it to satisfy a delinquent debt even though the board doesn't hold title.

Privatizing the collection of delinquent debt was first proposed in early 1993 by the newly installed Clinton Administration but the idea went nowhere in a Congress then dominated by the President's fellow Democrats.

Chemonics' work has revealed widespread irregularities in the collection of payments from commercial and residential users, with Pristina district having the worst record, both in terms of total delinquent debt and collection rate.

The better option would be for the department to take the $1.4 billion it paid collection agencies and other groups last year and use it to establish a division that deals with delinquent debts and loan disputes.