Robert Paisola's Western Capital Receives Overflow of Business Due to "Bankruptcy Reform Act" Passed in 2005
The rate of civil litigation in US courts continues to increase every year, making it continually more difficult to complete a debt recovery lawsuit in its entirety. Even when the suits are concluded, most are not ultimately settled. However, changes in bankruptcy laws that became effective in October 2005 have allowed Western Capital Financial, www.MyCollector.com , to recover millions more for their clients in the past years than would have been possible before the law change.
Salt Lake City, UT, February 27, 2007 --(PR.com)-- The ways in which collection agencies in America Operate have changed substantially since the passage of the Bankruptcy Reform Bill in 1995. That "usual" ways of collecting corporate and commercial debt have changed dramatically as a result of the recent Bankruptcy law update, which was enacted because of expanding increases in bankruptcy filings and increased losses to American Creditors. Added to these reasons is the potential for Corporate Bankruptcy Abuse even though the debtor corporation has the ability to repay the entire debt.
As a result of this industry wide shakeup, Western Capital has re-ascended to the forefront of the industry.
MyCollector.com takes full advantage of the most recent changes in US bankruptcy laws, to collect debts on behalf of its Corporate Clients with a rate of success and efficiency previously unheard of.
Western Capital Corporate Collections, Located at www.MyCollector.com reports a success rate of more than 80 percent on the cases they pursue, with the majority of debt in those cases resolved within the first 120 days. In fact, most of their cases are negotiated quite favorable to their clients prior to costly legal battles.
In the past, it was standard to retain the services of an attorney to pursue the outstanding debt, which often took several years, and frequently resulted in the accumulation of prohibitively expensive attorney's fees for the Client.
Sometimes the process even took long enough to give the debtor enough time to bury, or bankrupt all available assets, making them unrecoverable.
"Less than 20% percent of judgments are ever collected and an even higher percentage never complete the lengthy legal process," explains Robert Paisola, CEO for Western Capital Financial. "Most people just drop their cases because of excessive attorney fees and personal frustration."
Western Capital makes the corporate debt recovery process affordable and efficient for its clients to utilize. MyCollector.com can investigate (through it's affiliate www.WeCanSeeYou.Org ) the debtors' ability to pay back the debt without the need to pay retainers and deposits. Generally, it does not cost Western Capital's clients anything to determine if their debts cannot be feasibly repaid.
When MyCollector.com determines the debt can be repaid; they immediately begin intensive research, which frequently uncovers hidden assets, third party transfers, offshore corporations and other-persons held assets, which would normally block the debt recovery process.
To obtain additional Worldwide Debt Collection Industry surveys and Information, please visit Western Capital at www.MyCollector.com
Western Capital Financial Services, Inc. is a full financial services organization directed by Robert Paisola, the CEO and President of the Company. Mr. Paisola is an international Motivational Speaker, Author and Corporate Trainer and is also the founder of the Western Capital Foundation, whose goal it is to serve the needs of former Offenfers in America. (see www.WesternCapitalFoundation.com ) as well as the Robert Paisola Venture Capital Fund at www.RobertPaisola.org
The Public Relations Department may be contacted at: telephone (801) 619-4700; facsimile(408) 889-2415. All meia inquiries should be directed to www.WesternCapitalFinancial.com/media.html
Western Capital Does Not Collect on Consumer Accounts. Read Robert Paisola's Article on Why Western Capital Returned Over 750 Million Dollars in Consumer Accounts to their Clients at http://www.westerncapitalfinancial.com/about.html
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As a result of this industry wide shakeup, Western Capital has re-ascended to the forefront of the industry.
MyCollector.com takes full advantage of the most recent changes in US bankruptcy laws, to collect debts on behalf of its Corporate Clients with a rate of success and efficiency previously unheard of.
Western Capital Corporate Collections, Located at www.MyCollector.com reports a success rate of more than 80 percent on the cases they pursue, with the majority of debt in those cases resolved within the first 120 days. In fact, most of their cases are negotiated quite favorable to their clients prior to costly legal battles.
In the past, it was standard to retain the services of an attorney to pursue the outstanding debt, which often took several years, and frequently resulted in the accumulation of prohibitively expensive attorney's fees for the Client.
Sometimes the process even took long enough to give the debtor enough time to bury, or bankrupt all available assets, making them unrecoverable.
"Less than 20% percent of judgments are ever collected and an even higher percentage never complete the lengthy legal process," explains Robert Paisola, CEO for Western Capital Financial. "Most people just drop their cases because of excessive attorney fees and personal frustration."
Western Capital makes the corporate debt recovery process affordable and efficient for its clients to utilize. MyCollector.com can investigate (through it's affiliate www.WeCanSeeYou.Org ) the debtors' ability to pay back the debt without the need to pay retainers and deposits. Generally, it does not cost Western Capital's clients anything to determine if their debts cannot be feasibly repaid.
When MyCollector.com determines the debt can be repaid; they immediately begin intensive research, which frequently uncovers hidden assets, third party transfers, offshore corporations and other-persons held assets, which would normally block the debt recovery process.
To obtain additional Worldwide Debt Collection Industry surveys and Information, please visit Western Capital at www.MyCollector.com
Western Capital Financial Services, Inc. is a full financial services organization directed by Robert Paisola, the CEO and President of the Company. Mr. Paisola is an international Motivational Speaker, Author and Corporate Trainer and is also the founder of the Western Capital Foundation, whose goal it is to serve the needs of former Offenfers in America. (see www.WesternCapitalFoundation.com ) as well as the Robert Paisola Venture Capital Fund at www.RobertPaisola.org
The Public Relations Department may be contacted at: telephone (801) 619-4700; facsimile(408) 889-2415. All meia inquiries should be directed to www.WesternCapitalFinancial.com/media.html
Western Capital Does Not Collect on Consumer Accounts. Read Robert Paisola's Article on Why Western Capital Returned Over 750 Million Dollars in Consumer Accounts to their Clients at http://www.westerncapitalfinancial.com/about.html
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Contact
Western Capital Financial Services, Inc
Robert Paisola
1-801-619-4700
www.mycollector.com
ABOUT YOUR AUTHOR:
Robert Paisola is driven by a passion for people - motivating them to reach for the highest standards of success. As founder and president of many International Corporations including Western Capital and The Success Training Network.
Robert Paisola
1-801-619-4700
www.mycollector.com
ABOUT YOUR AUTHOR:
Robert Paisola is driven by a passion for people - motivating them to reach for the highest standards of success. As founder and president of many International Corporations including Western Capital and The Success Training Network.
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