What is the process for collecting unpaid debts?

In Florida, collection of unpaid debts is governed by the Florida Fair Debt Collection Practices Act (FFDCPA). The FFDCPA protects consumers from unfair and abusive debt collection practices. In general, a creditor has the right to attempt to collect unpaid debts from the person or entity that originally owed the debt. Typically, this starts with a demand letter, which is a written notice that informs the debtor that they owe a debt and provides a specific deadline for payment. If the debtor fails to make payment by the deadline, the creditor may take further action to collect the debt, such as taking the debtor to court. If the creditor takes the debtor to court, the court will determine whether the debtor is liable for the debt. If the debtor is determined to be liable, the court will issue a judgment in favor of the creditor. The court may issue a writ of garnishment, which allows the creditor to take money from the debtor’s bank accounts, wages, or other assets to satisfy the debt. If the debtor’s wages are garnished, the creditor is allowed to take a certain percentage of the debtor’s income or up to a certain dollar limit each month. In some cases, the court may also issue a lien against the debtor’s property, which allows the creditor to take possession of the debtor’s property to satisfy the debt. A lien can be placed on real estate, personal property, or other assets. If the debtor does not satisfy the debt, the property can be sold to repay the creditor. The process for collecting unpaid debts in Florida can be complicated, so it is wise to consult with an experienced attorney if you are facing a debt collection dispute.

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What is the process for collecting unpaid debts?

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