As debt collection attorneys in Florida, we are watching developments in Louisiana fairly closely.
Starting in 2014, Louisiana begins using a new state run office called the “Office of Debt Recovery” to help collect delinquent accounts. Quoting local News Channel 8 KNOE
Under the law, the Office of Debt Recovery can revoke and suspend state-issued licenses, offset tax refunds, intercept accounts payable and take dollars from some bank accounts to pay off debts.
We reserve our opinion on whether this is a good or bad move on the part of the state, and will be watching the relative success or failure of the effort. Please, feel free to comment and leave your opinion of this issue below.
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