Colorado Business / Commercial Litigation

Collections – Colorado Commercial Litigation Attorneys

 Collections - Denver Business Lawyer - Colorado Burg Simpson Debt collection is not only a sensitive area of law, it’s one that’s seen a lot of changes over the past several years. This past legislative session in Colorado, for example, the General Assembly passed Senate Bill 17-216, which amends and extends the Colorado Fair Debt Collection Practices Act. Most of those changes went into effect Aug. 9, 2017.

If you need strong courtroom advocacy in debt collections matters, we’re your team. Please contact us today to speak with one of our experienced Colorado commercial litigation attorneys. As an example, if you have debtors who aren’t pay their bills or you’re otherwise struggling to collect debts owed to you, Burg Simpson has an aggressive group of trial lawyers who can assist you. Get in touch with Denver corporate litigation lawyer today by calling 303-792-5595.

Some of the critical changes made to Colorado’s debt collection law, in addition to extending it until 2028, include:

  • Definition of a debt buyer – The law redefines what a debt buyer is, including them in the legislation for the first time. It clarifies that debt buyers are, in fact, considered to be collection agencies. A debt buyer is now defined as “a person who engages in the business of purchasing delinquent or defaulted debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney for litigation in order to collect the debt.” However, debt buyers are excluded from the law’s bond requirement as long as the buyer doesn’t engage in the services of a third-party debt collector.
  • Legal action requirements – The amended law also establishes new requirements for legal actions filed by debt collectors or collection agencies.
  • Statute of limitations – The amended law also clarifies the statute of limitations for private actions is two years.

If you’re a debt buyer or collection agency, you might need professional legal advice on how to operate under the constraints of this revised legislation. Don’t risk making a mistake that could threaten your business. Call an experienced Colorado corporate litigation attorney at Burg Simpson immediately at 303-792-5595.

It’s critical for anyone attempting to collect a debt in Colorado to keep in mind what the law does and does not allow. For example, collectors cannot:

  • Harass or abuse debtors: This includes threats of violence or property damage. This provision of Colorado law also forbids profanity and badgering, non-stop phone calls.
  • Lie to borrowers: This includes claims of false affiliation with government agencies, misrepresentation of the actual debt, or falsely accusing the debtor of criminal activity.
  • Act unfairly: This can include taking more than what’s actually owed or threatening legal actions, such as repossession, when it’s not warranted.

Our Colorado Commercial Litigation Attorneys Are Here To Help

Debt collection can be difficult undertaking, whether it’s the primary function of your business or it plays a secondary role, such as collecting money that customers or vendors owe you. It doesn’t’ help that the law is constantly changing and that there are separate federal and state statute that have to be navigated. Burg Simpson’s Colorado corporate litigation attorneys are not only experienced, but they’re up to date on all these amendments. If you’re encountering issues with collections of any kind, Burg Simpson can help. Call us right now at 303-792-5595.

Michael S. Burg Warns Against the End of Net Neutrality

 June 14, 2018

Michael S. Burg Warns Against the End of Net Neutrality

Net neutrality ended this week not with a bang, but a whimper. Late last year, the Federal Communications Commission voted to overturn Obama-era rules put in place to maintain a free and open Internet. Because of that, those rules officially expired June 11. Of all the reversals the Trump Administration has pulled in the last… Read more »

Burg Simpson Backs Phamaly Theatre Co. in a Big Way

 June 13, 2018

Burg Simpson Backs Phamaly Theatre Co. in a Big Way

The attorneys at Burg Simpson do more than fight for the rights of victims of traumatic brain and spinal cord injuries. They help them reclaim their lives. That passionate belief is why Burg Simpson has chosen to support Denver’s own Phamaly Theatre Co. The Phamaly Theatre Co. is a theater group made up exclusively of… Read more »

Local News Spotlights Jeremy Bitner Foundation

 June 12, 2018

Local News Spotlights Jeremy Bitner Foundation

KMGH-TV, Denver’s ABC affiliate, highlighted the 2018 Jeremy Bitner Run on “Mile High Living” last week. The sixth annual 5k/10k run and 5k walk, which is set to take place at 6:30 a.m. Saturday, June 16, at Cornerstone Park in Englewood, Colorado, benefits the families of fallen police officers. Burg Simpson shareholder Nick D. Fogel,… Read more »

Burg Simpson Announces Sponsorship of Craig Hospital’s 2018 Pedal 4 Possible

 June 7, 2018

Burg Simpson Announces Sponsorship of Craig Hospital’s 2018 Pedal 4 Possible

Once again, Burg Simpson is throwing its support behind the miracle workers at Craig Hospital. Burg Simpson is a proud sponsor of Pedal 4 Possible (P4P), a charity bicycle ride that benefits Craig Hospital and its programs. This year’s Pedal 4 Possible, set for Saturday, Sept. 15, boasts courses for all skill levels, including a… Read more »

Ring of Fire: Even Republicans Are Disgusted by The Republican Party

 May 3, 2016

Ring of Fire: Even Republicans Are Disgusted by The Republican Party

A Ring of Fire first! Host Farron Cousins talks to former Senator Alan Simpson in a unique opportunity on Ring of Fire to speak with a Republican about the current state of the Republican Party.

CBS 4: Michael Burg Inducted to Trial Lawyer Hall of Fame

 April 28, 2016

CBS 4: Michael Burg Inducted to Trial Lawyer Hall of Fame

CBS 4 in Denver highlights Burg Simpson attorney Michael S. Burg’s induction into the Trial Lawyer Hall of Fame

Radio 850KOA: Michael Burg Inducted to Trial Lawyer Hall of Fame

 April 28, 2016

Radio 850KOA: Michael Burg Inducted to Trial Lawyer Hall of Fame

Denver’s Radio 850KOA ran a news story about Michael Burg’s induction into the Trial Lawyer Hall of Fame.

Ring of Fire: The Unseen Economic Crisis

 February 29, 2016

Ring of Fire: The Unseen Economic Crisis

Ring of Fire host Farron Cousins talks with Michael Burg about taxes and the government’s resistance to upgrade America’s infrastructure.

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