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.

More Legislation Needed to Regulate the Body Broker Industry

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More Legislation Needed to Regulate the Body Broker Industry

Michael S. Burg, the founder and a shareholder of Burg Simpson Eldredge Hersh & Jardine, was interviewed by Noel Brennan from 9 News on October 16th. Kyle Clark Next reached out to Mr. Burg regarding his op-ed about body brokers that appeared in Westword on August 30, 2018. Burg explained that body brokers differ from… Read more »

The Merrimack Valley Gas Explosion – Victims Represented by BurgSimpson

 October 15, 2018

The Merrimack Valley Gas Explosion – Victims Represented by BurgSimpson

The Law Firm of Burg Simpson Eldredge Hersh & Jardine to address those affected by the Merrimack Valley Gas Explosions Burg Simpson is a nationally recognized trial firm with extensive experience handling lawsuits involving gas explosions.  They have received multi-million dollar verdicts in gas explosion cases, and are currently working to assist those harmed by… Read more »

Mass Torts Made Perfect – 2018

 October 9, 2018

Mass Torts Made Perfect – 2018

Burg Simpson’s mass tort team recently attended the Mass Torts Made Perfect bi-annual conference held on Oct 3rd through the 5th in Las Vegas. The conferences are designed for individuals working in the area of plaintiff mass torts and personal injury litigation, as well as securities and toxic torts. The conferences are the largest plaintiff mass… Read more »

Barrister’s Best

 October 8, 2018

Barrister’s Best

The attorneys and professional staff at Burg Simpson Eldredge Hersh & Jardine congratulate Michael S. Burg and David P. Hersh for receiving Law Week Colorado’s Barrister’s Best Awards for 2019! Michael Burg, the firm’s founder, was selected as Barrister’s Best by People’s Choice for Best Class Action/Mass Tort Lawyer, Plaintiffs. David P. Hersh, a shareholder… 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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