Legal Featured Article
December 26, 2012
Rapid Recovery Reacts to Connecticut US Attorney's Office Spending
By Carolyn J Dawson, TMCnet Contributor
Brookfield Patch recently published an article pertaining to the Connecticut U.S. Attorney’s Office spending of $20 million and collecting $60 million. Rapid Recovery Solution, a collection agency, expressed its views on this article on December 19, 2012.
As per the Brookfield Patch story, nearly $60 million were collected by the U.S. Attorney’s Office during the financial year of 2012 by carrying out criminal trials, civil proceedings and asset forfeit measures. A statement in this regard was issued by David B. Fein, United States Attorney for the District of Connecticut.
According to the article, while $9.5 million was accounted for criminal action, $42.2 million and $8.25 million accounted for civil action, and civil and criminal resources, respectively. The total amount collected is nearly three times the total amount spent by the office during 2012.
In a statement, Attorney Fein said, "I appreciate the dedication of the people in this office and, notably, the work of our Civil Division and Financial Litigation Unit, in protecting the public and recovering this substantial amount of money."
According to the article, the money collected will now be used to ensure that the federal, state and local laws are executed correctly for the continuous collection of debts.
John Monderine, CEO at Rapid Recovery Solution said, "I am glad to see states being aggressive with their debt collection and seeing results. Tripling your budget amount with collected debt is amazing, and it shows how beneficial collecting on debt can be."
Rapid Recovery Solution, Inc. is an attorney-based Debt Collection Agency with clients across the globe. The organization was established in 2006 with headquarters located on Long Island.
With an aim to recover funds, the organization deems that all debtors can pay up if they are goaded in a right manner. The organization does not estrange the debtors but tries to help them by providing several methods for sorting out the debts.
Rapid Recovery Solution’s vision is to assist its customers in receiving the payments in a rapid and proficient manner. Customers can therefore concentrate completely on operating their business without being worried of receiving the payments.
The complete Brookfield Patch article is available here.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida. Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.
Edited by Braden Becker
LATEST LEGAL NEWS
ARCP EQUITY AND DEBT PURCHASERS ALERT: Johnson & Weaver, LLP Files Class Action Complaint Against Certain Officers and Directors of American Realty Capital Properties, Inc.
VIVINT SOLAR SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Vivint Solar, Inc.
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Actuate Corporation Regarding the Fairness of the Sale of the Company
ATTENTION ROKA BIOSCIENCE SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Roka Bioscience, Inc.
FIVE BELOW INVESTOR ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Five Below