Русско-англо-русский юридический словарь

Debt collection and debt recovery sound like they have the same meaning, but there is a subtle difference. Debt collection involves general measures taken to recover money owed by late payers. This might include telephone calls, reminder statements, specific ‘collection’ letters that request payment, or a pre-court ‘Letter Before Action.’

Debt recovery, on the other hand, is the recovery of a debt after it has been written off in a company’s accounts. So let us take a closer look at each of these terms. (http://collectionagencies.expertmarket.co.uk/What-is-the-Difference-Between-Debt-Collection-Debt-Recovery)

Debt collection agencies collect delinquent debts of all types: credit card debt, medical debt, automobile loan debt, personal loan debt, business debt, student loan debt and even unpaid utility and cell phone bills. (Investopedia)

A federal judge has dismissed a proposed class action against a debt collection firm, rejecting the plaintiff’s claim that it violated the Fair Debt Collection Practices Act by falsely telling debtors legal action was imminent if they did not immediately repay their debts. (Reuters)

In bankruptcy law, a moratorium is a legally-mandated hiatus in debt collection from creditors. (Investopedia)