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More than 276,000 federal employees and retirees owed a total of $3.04 billion in back income taxes as of Sept. 30, 2008, according to new data provided by the Internal Revenue Service. The figure was up from $2.7 billion owed by federal employees and retirees in 2007.
December 17 -
Bad-debt buyer Asta Funding Inc. this week reported a net loss of $79.2 million for its fiscal fourth quarter ended Sept. 30.
December 17 -
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Twelve individuals who worked for a group of Buffalo, N.Y. area collection agencies were charged yesterday with grand larceny after allegedly posing as law enforcement officials and threatening debtors with jail if they did not pay their bills, according to New York Attorney General Andrew Cuomo.
September 30 -
Attorneys general in Ohio and West Virginia yesterday filed separate lawsuits against National Enterprise Systems Inc. (NES), a Solon, Ohio-based collection agency, for allegedly using collection methods that violate state and federal laws.
July 22 -
In the fall of 2008, Al Zezulinski, at NCO Group Inc., would have expected bad-debt sales to have improved more than a year later. "We’re not seeing it,” says the executive vice president at the Horsham, Pa.-based accounts receivable management company.
January 5
