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, but it is also one that has 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 are 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 are not paying their bills or you are 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 are a debt buyer or collection agency, you might need professional legal advice on how to operate under the constraints of this revised legislation. Do not 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 is 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 is actually owed or threatening legal actions, such as repossession, when it is not warranted.

Our Colorado Commercial Litigation Attorneys Are Here To Help

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

 June 12, 2019

Burg Simpson to Sponsor the 7th Annual Jeremy Bitner Memorial Run!

Burg Simpson is proud to sponsor the 7th annual Jeremy Bitner Memorial Run. The Jeremy Bitner Foundation was established in honor of Englewood Police Detective Jeremy Bitner after he lost his life in the line of duty in 2012. Burg Simpson shareholder Nick Fogel, the practice group leader of the firm’s workers’ compensation department, helped to develop the… Read more »

Ohio Attorney Kenneth Daly hero image

 May 23, 2019

Kenneth M. Daly Now Licensed to Practice in the State of Kentucky

Kenneth M. Daly Now Licensed to Practice in the State of Kentucky Kentucky Just Got Lucky! Burg Simpson is pleased to announce that Kenneth Daly, an attorney in the firm with an established practice in Ohio, recently passed the Kentucky bar. Kenneth is excited about the opportunity to expand his practice to include the citizens of… Read more »

Ohio Attorney Melanie S. Bailey hero image

 May 22, 2019

Melanie S. Bailey Published in Cincinnati Bar Association Report

Melanie S. Bailey Published in Cincinnati Bar Association Report Melaine S. Bailey authored an article published in the CBA Report regarding the ability of consumers to hold drug manufacturers liable for failure to warn of adverse reactions to prescription medications. In the article, Brand Name Drug or Generic Drug: Generic may foil your client’s failure to warn… Read more »

Swearing In Ceremony

 May 15, 2019

Burg Simpson Congratulates Ms. Jessica Powell, Esq.

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The 2019 Burg Simpson Scholarship Awards Dinner

 May 7, 2019

The 2019 Burg Simpson Scholarship Awards Dinner

The 2019 Burg Simpson Scholarship Awards Dinner was held at Maggiano’s on April 25th to recognize the ten winners of the firm’s annual scholarship competition. The firm’s founder Michael Burg, and shareholders Peter Burg and Stephan Marsh presented awards to the 2019 winners! This year’s recipients included Ms. Madison Frotten, Mr. Dale Kim, Ms. McKenna… Read more »

Burg Simpson | Workers’ Compensation

 April 17, 2019

Burg Simpson | Workers’ Compensation

Shareholder Nick Fogel is the practice group leader of the Workers’ Compensation division at Burg Simpson. Workers’ Compensation is a form of insurance that protects employees when they are injured on the job or in the line of duty. Workers’ compensation provides both wage replacement and medical benefits. Filing a workers’ compensation claim can be… Read more »

Burg Simpson | We Are Here To Help

 April 5, 2019

Burg Simpson | We Are Here To Help

Burg Simpson is a law firm committed to helping injured people rebuild their lives after a serious accident or injury. Our trial lawyers have handled nearly every kind of injury or wrongful death case. The team at Burg Simpson has the resources, nationwide reputation, or proven track record of success when it comes to helping… Read more »

Becoming Whole Again

 April 4, 2019

Becoming Whole Again

If you or a loved one has suffered a loss due to an injury or death because of the negligence of another, you are entitled to receive full and fair compensation for your pain and suffering. Burg Simpson’s office in Arizona can help you navigate your personal injury claim. Burg Simpson attorney, Scott A. Ambrose… Read more »

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