When Good Loans Go Bad: Avoiding the Pitfalls in Collecting on Accounts

This outline is designed to provide basic information about collection pitfalls and strategies for lending institutions in Wisconsin. It also contains specific information about foreclosures, replevins and bankruptcy issues.

The topics addressed in this outline include:

  • When do I call the attorney?
  • What is the process of a foreclosure action?
  • How does the replevin fit?
  • What if the customer files bankruptcy?

Disclaimer: This outline is designed to be educational and informative, but it is not legal advice. Collection law is constantly evolving and subject to change. Each situation is unique, and each foreclosure should be addressed to fit the unique situation.

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