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CollectionAttorneys.com operates an attorney network facilitating the transfer of debt collection matters throughout the country. This forwarding mechanism enables us to pursue collections in states that impose limitations on out-of-state debt collectors and attorneys contacting their residents. As a service benefit to our clientele, we function as an intermediary between the attorney within the forwarding network and our clients.
Business Collection Service
Representing clients in business collections claim
Collecting the debt your business is owed is critical to ensuring that your company can run effectively. Our attorneys know how important it is to collect business debts, and we can assist you with various types of collection strategies.
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COLLECTION LAWS – WYOMING (WY)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: Wyoming does not have a specific statutory provision regarding pre-judgment interest rates. Parties may agree to pre-judgment interest in a contract or seek to obtain it through court discretion under the principles of equity and fairness. (2) Post-Judgment Interest Rate: The post-judgment interest rate in Wyoming is governed by Wyoming Statutes […]
Read MoreCOLLECTION LAWS – WEST VIRGINIA (WV)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: According to West Virginia Code Section 56-6-31, the pre-judgment interest rate in West Virginia is calculated at the legal rate of interest, which is currently set at 7.00% per year. (2) Post-Judgment Interest Rate: In West Virginia, the post-judgment interest rate is determined by West Virginia Code Section 56-6-31 and is […]
Read MoreCOLLECTION LAWS – WISCONSIN (WI)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In Wisconsin, the pre-judgment interest rate is determined by the court. According to Wisconsin Statutes section 138.04, the court has the discretion to set a reasonable rate of interest for pre-judgment interest in civil cases. (2) Post-Judgment Interest Rate: The post-judgment interest rate in Wisconsin is set by statute. Pursuant to […]
Read MoreCOLLECTION LAWS – WASHINGTON (WA)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Washington, the pre-judgment interest rate is governed by RCW 4.56.110. According to this statute, the pre-judgment interest rate is set at the greater of 12% per year or the rate calculated by adding 4% to the yield of the 13-week Treasury bill. (2) Post-Judgment Interest Rate: Post-judgment […]
Read MoreCOLLECTION LAWS – VERMONT (VT)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: The pre-judgment interest rate in Vermont is determined by Vermont Statutes Annotated (V.S.A.) Title 12, Section 2903. According to this statute, the interest rate on judgments for pecuniary damages is 12% per annum from the date of the injury or demand. (2) Post-Judgment Interest Rate: Vermont Statutes Annotated (V.S.A.) Title 12, […]
Read MoreCOLLECTION LAWS – VIRGINIA (VA)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Virginia, the pre-judgment interest rate is governed by Virginia Code Section 6.2-302. This statute establishes that the legal rate of interest on judgments is generally 6% per year, unless a different rate is provided by a contract or another statute. (2) Post-Judgment Interest Rate: According to Virginia […]
Read MoreCOLLECTION LAWS – UTAH (UT)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In the state of Utah, the pre-judgment interest rate is governed by Utah Code Section 15-1-1. The current statutory rate is determined annually by the Utah Department of Financial Institutions. (2) Post-Judgment Interest Rate: The post-judgment interest rate in Utah is determined by Utah Code Section 15-1-4. The rate is calculated […]
Read MoreCOLLECTION LAWS – TEXAS (TX)
Apr 21, 2024 | State Collection Laws
(1) Pre-Judgment Interest Rate: In Texas, the pre-judgment interest rate is determined by the market-based formula specified in Section 304.003 of the Texas Finance Code. This formula takes into account the prime rate published by the Wall Street Journal and is subject to change. It is advisable to consult the latest version of the statute […]
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