Annuities Are Partially Protected Against Creditor Garnishment in New Jersey

New Jersey law (N.J.S.A. § 17B:24-7) states that annuity principal and annuity payments are not only exempt from “execution, garnishment, attachment, sequestration or other legal process” but also that no creditors are “allowed to interfere with or terminate the [annuity] contract.”  However... Read More... Annuities Are Partially Protected Against Creditor Garnishment in New Jersey

Lingering Economic Malaise Means Expansion for PRA

Portfolio Recovery Associates (PRA) thrives in the still struggling economy.  Its spokesman announced recently that the debt collector will expand its Birmingham, Alabama call center by mid-2013.  With arms opens, the city agreed to provide the debt collector with $200,000 annually over 4 years to help it rent more space. The Birmingham operations already have about 170 employees utilizing an existing 17,000 square foot call center. PRA plans to hire... Read More... Lingering Economic Malaise Means Expansion for PRA