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.

Burg Simpson Eldredge Hersh & Jardine Attorneys Recognized in 2019 Edition of The Best Lawyers in America©

 August 15, 2018

Burg Simpson Eldredge Hersh & Jardine Attorneys Recognized in 2019 Edition of The Best Lawyers in America©

  Twenty-Five Attorneys Were Listed in The Best Lawyers in America ® 2019 Ronald M. Sandgrund Listed as 2019 Best Lawyers “Lawyer of the Year” In His Practice Area and Region August 15, 2018 (Denver, CO) – Burg Simpson Eldredge Hersh & Jardine, P.C., one of America’s foremost plaintiff trial firms, is proud to announce… Read more »

Stephen J. Burg and David J. Crough Secure Win for Truck Accident Client

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Stephen J. Burg and David J. Crough Secure Win for Truck Accident Client

Even the simplest of truck accidents can have life-changing consequences. That’s why it’s critical for trucking accident victims to have someone to fight for their rights. That’s what Burg Simpson shareholder Stephen J. Burg did for David Jimenez-Santana when he secured a $146,000 jury verdict for his client on June 8 in David Jimenez-Santana v…. Read more »

Stephen J. Burg and David J. Crough Secure Win for Motorcycle Accident Victim

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Stephen J. Burg and David J. Crough Secure Win for Motorcycle Accident Victim

Burg Simpson shareholder Stephen J. Burg secured another huge victory for a client. A Colorado jury returned one of the largest verdicts ever for this type of injury. $1.3 million verdict in Moon v. Gooden, a motorcycle accident case. The final award, however, will exceed $1.6 million once expenses and interest are included. In August… Read more »

Cody Attorney, Colin Simpson to Lead WTLA Through 2018

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Cody Attorney, Colin Simpson to Lead WTLA Through 2018

WYOMING TRIAL LAWYERS ASSOCIATION INDUCTS NEW PRESIDENT AND OFFICERS (Cheyenne, WY) The Wyoming Trial Lawyers Association (WTLA) announced that Cody attorney Colin Simpson will serve as the association’s President for 2018-2019. Simpson was elected to succeed Immediate Past President Todd Ingram, from Casper, during the WTLA annual convention held recently in Cody. Simpson has been… 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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