ABI

JANUARY 13, 2022

Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] 1] See 11 U.S.C. § 13-41680, 2021 WL 1732255, at *1 (Bankr. 29, 2021). [4] 11] See id at *1. [12] 14] See 11 U.S.C. §

Debtor 40

Debtor Loans Student loans Student Loans 40

PBWT

DECEMBER 19, 2021

In re U-Haul, 21-bk-20140, 2021 Bankr LEXIS 3373 (Bankr. 10, 2021 ). In June 2021, the debtor filed for chapter 11. In June 2021, the debtor filed for chapter 11. The deadline or bar date for creditors to file proofs of claim was set for August 25 at 11:59 pm. ? ” 2021 Bankr.

Creditors 65

Creditors Debtor Bankruptcy Government 65

CICM

AUGUST 17, 2021

What will happen as Government support reduces? in May 2021, which was the fourth consecutive month of growth, but it also flagged a slowdown of growth from April’s 2%. Statistics are showing almost nine out of ten businesses had an overdue invoice in May 2021, with an average debt being in the region of £20,000.

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Government Creditors Credit Management 40

Credit Corp

MARCH 21, 2023

2021 37 10.2 The state with the lowest average student loan debt per borrower as of the fourth quarter in 2021 is South Dakota, where borrowers owe an average of $28,218. 2021 $1,375.9 Private student loans aren’t provided by the federal government, and they often come with much higher interest rates. Source: U.S.

Student loans 98

Student loans Student Loans Loans Education 98

UK debt collections

AUGUST 16, 2022

Adding further pressure to many companies is the repayment of the Government-backed Covid support loans granted to help them survive the pandemic. This compares with 59,042 CCJs during the entirety of 2021, with this year’s figure to date driven higher as the backlog in the courts clears and debts are pursued.

Manufacturing 96

Manufacturing Retail Government Construction 96

Burr Forman

AUGUST 30, 2021

April Mason authored an article for QSR Magazine, published on July 21, 2021 on QSRmagazine.com, discussing franchising opportunities and challenges in the food service industry as we look forward to a post-pandemic world. Summary of Proposed 2021 Federal Tax Law Changes. Contact Erik at (803) 799-9800 or edoerring@burr.com.

Lawyers 59

Lawyers Government Manufacturing Law Firms 59

Burr Forman

NOVEMBER 16, 2021

On November 8, 2021, the OIG issued an updated SDP to providers, which included clarifications of existing guidance and increased the minimum settlement amounts OIG will accept. On November 2, 2021, CMS finalized the Medicare payment rates for hospital outpatient and ambulatory surgical center (“ASC”) services in CY 2022 (“OPPS Final Rule”).

Healthcare 59

Healthcare Government 59

Fraser

JANUARY 28, 2022

If you have an existing debt to the federal government. The COVID stimulus payments sent out earlier in 2021 will not affect your income tax refund (however, if you were entitled to a stimulus check, but did not receive one, it can be added to your 2022 refund as a credit. Whether the return is e-filed or sent by mail.

Government 52

Government 52

Troutman Sanders

JUNE 22, 2021

In July 2020, the Supreme Court held that a 2015 amendment to the TCPA’s robocall restriction exempting calls made to collect government-backed debts transformed the provision into an unconstitutional content-based speech restriction. 1:17-cv-1640, 2021 U.S. April 19, 2021). Navient Solutions, LLC , 19-cv-00197, 2021 U.S.

Government 52

Government Collections 52

PBWT

JULY 20, 2021

See, e.g., 11 U.S.C. §§ 21-10172-T11, 2021 WL 2405399 (Bankr. June 11, 2021). Plaintiff filed for bankruptcy in February 2021. Plaintiff filed an adversary proceeding in March 2021, seeking, among other things, to avoid Defendant’s security interest as a preference. Glove, Inc. ,

Creditors 65

Creditors Bankruptcy Debtor Manufacturing 65

ABI

JANUARY 12, 2022

LLC , the United States Court of Appeals for the Third Circuit held that sections 503 and 1141 of Title 11 of the United States Code (the “Bankruptcy Code”) authorize bankruptcy courts to set deadlines (i.e., 20-2867, 2021 WL 3852612, at *1 (3d Cir. 30, 2021). [2] quoting 11 U.S.C. § In Ellis v. Westinghouse Electric Co.,

Bankruptcy 40

Bankruptcy Creditors Judgment Debtor 40

Troutman Sanders

OCTOBER 12, 2021

Court of Appeals for the District of Columbia held that government immunity is waived under the FCRA, but also found that the Federal Motor Carrier Safety Administration (FMCSA) does not act as a consumer reporting agency (CRA) in distributing safety records of commercial truck drivers to prospective employers. 19-5321, 2021 U.S.

Government 52

Government Collections Education Consumer Credit 52

UK debt collections

MAY 23, 2022

The rebound in insolvencies in 2021 and 2022 is in contrast to the artificial low recorded in 2020. In annual terms, the trend reversal appears limited (+4% to 16,310 insolvencies in 2021) but conceals a massive bounce back in the last two quarters (+36% y/y in Q3 and +42% y/y in Q4, respectively) that gained even more in Q1 2022 (+96% y/y).

Trade 59

Trade Construction Government 59

Troutman Sanders

JANUARY 19, 2021

On January 13, the Small Business Administration reopened the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 a.m. The temporary guidance was previously set to expire on February 17, 2021.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Burr Forman

DECEMBER 15, 2021

The Department of Labor recently reversed a December 2020 final rule and resurrected the “80/20 Rule” governing how tipped employees are paid under the Fair Labor Standards Act. Burr & Forman’s health care, government contract, and labor & employment attorneys presented this webinar on Tuesday, November 9, 2021.

Government 40

Government Collections 40

Collection Industry News

MARCH 7, 2022

The federal government established eviction moratoriums to protect renters and appropriated nearly $50 billion in emergency rental assistance to help renters make payments, and many states and local governments supplemented these efforts as well. All statistics reported are weekly averages from July–December of 2021.

Government 98

Government Retail Education Lender 98

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the Securities and Exchange Commission (SEC) informed the U.S. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

ABI

JANUARY 26, 2023

1] In In re Szczyporski, the United States Court of Appeals for the Third Circuit held that the shared responsibility payment is a tax entitled to priority under Title 11 of the United States Code (the “Bankruptcy Code”). [2] 2021); IRS v. 2020); In re Vallejo, 2021 WL 5702699, at *3–7 (Bankr. 4th 179, 183 (3d Cir.

Bankruptcy 40

Bankruptcy Debtor Healthcare Government 40

Burr Forman

JUNE 14, 2021

June 11, 2021 – Burr & Forman LLP Greenville-based partner Adam R. Artigliere is a member of the firm’s real estate practice and focuses on commercial real estate, lending, economic development, and local government. GREENVILLE, S.C., About Burr & Forman LLP.

Government 52

Government Education Lender Loans 52

CSA

NOVEMBER 26, 2020

s forecast of an economic contraction of over 11% this year and unemployment rising to 2.8 in 2021/22 and then over 11% in 2022/23. s People Development Conference on 9 February 2021.? CSA Learning & Development Conference 2021. Spending Review statement: ?The Kickstart ? CSA Apprenticeships. Back to news.

Government 40

Government Collection Agencies Collections Agency Trade 40

PBWT

JUNE 22, 2021

In EHT US1 , the question was whether a real estate investment trust formed as a “collective investment scheme” under the law of Singapore was a “business trust” as that term is used in the Code so that it could be a debtor in Chapter 11. June 1, 2021)(Sontchi, C.J.)(hereinafter 11] 440 U.S. Debtors , No.

Debtor 65

Debtor Bankruptcy Government Collections 65

Fraser

MARCH 25, 2021

If you are a private employer with under 500 employees, were you aware you can voluntarily extend FFCRA paid leave from April 1 through September 30, 2021 and still receive a tax credit? This is now allowed under the American Rescue Plan Act (“ARPA”), which was enacted on March 11, 2021. However, be cautious.

Lawyers 76

Lawyers Banks Government 76

Collection Industry News

FEBRUARY 5, 2021

04, 2021 (GLOBE NEWSWIRE) — Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its January 2021 bankruptcy filing statistics from its AACER bankruptcy information services business. in January 2021 with only 21,225 new cases. NEW YORK, Feb. ADVERTISEMENT. About Epiq AACER.

Bankruptcy 40

Bankruptcy Law Firms Government Collections 40

Troutman Sanders

MAY 16, 2022

On May 11, the U.S. On May 6, the CFPB released its Fair Lending Report for 2021. The 2021 report also makes several prominent mentions of the use of artificial intelligence and machine learning. On May 11, the Promoting Digital Privacy Technologies Act (H.R. For more information, click here. Engel , 37 N.Y.3d

Financial services 52

Financial services Foreclosure Lender Judgment 52

Price Meese

JUNE 30, 2021

Purcell | June 16, 2021. The Legislation, signed into law by Governor Murphy on June 4, 2021, was intended to, 30 days after enactment, end the COVID-19 “public health emergency” invoked by the governor under the Health Powers Act. As a result of the governor’s issuance of EO 244, the COVID-19 Extension Period ended on June 4, 2021.

Government 52

Government Foreclosure Healthcare 52

Troutman Sanders

AUGUST 23, 2023

On August 11, in the case of Yuille v. In Yuille , the plaintiff alleged that in August 2021, he transferred a whopping 106 Bitcoins (worth approximately $5 million USD at the time of transfer) to a digital asset account that Uphold HQ Inc. Uphold HQ Inc. , Uphold) created on his behalf and maintained on its platform (Account).

Financial Institution 52

Financial Institution Loans Trade Government 52

UK debt collections

FEBRUARY 18, 2021

Ahead of the UK’s 2021 Budget and Economic Recovery Plan, the research highlights the tough conditions that will be facing small and medium-sized businesses (SMEs) well into the second half of 2021. The average revenue hit from lockdown during 2021 so far has been -20%, compared to an average -41% over the course of last year.

Loans 94

Loans Lender Government 94

Jimerson Firm

APRIL 6, 2023

Following court-ordered mediation in December 2021, the attorneys for the plaintiff and the association exchanged several emails including terms and drafts of a proposed settlement agreement. see also 11 Fla. 2d Contracts § 102 (2022) (“[I]t is not necessary for a party to be a signatory to a contract to be bound by its terms.”).

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Government 92

Troutman Sanders

JANUARY 18, 2023

Indeed, in November 2021, the total cryptocurrency market capitalization reached an all-time high of approximately $3 trillion. Then, on July 13, 2022, Celsius filed voluntary petitions for relief under Chapter 11 of the bankruptcy code. That figure has decreased substantially, and today hovers around $850 billion — a 70% drawdown.

Bankruptcy 98

Bankruptcy Debtor Government Collections 98

Troutman Sanders

SEPTEMBER 8, 2021

Sadia will be moderating the panel, “How 2020 Has Blurred Attorney Client Privilege in Incident Response” on Tuesday, October 5, 2021 at 11:40 a.m. This conference features two full days of panel discussions by leading cyber experts who will share their insights on hot topics, trends, and cybersecurity concerns.

Government 52

Government 52

Burr Forman

AUGUST 31, 2021

Emily Mack was quoted in an August 2, 2021 article published by the Society for Human Resource Management (SHRM) discussing employer vaccination policies. On Friday, August 27, 2021, Burr & Forman attorneys Stephen Price and Katy Willis will present a webinar titled, “Succession Planning with an Aging Workforce.”

Manufacturing 40

Manufacturing Government 40

Troutman Sanders

MARCH 4, 2021

2 : Consumer Rights Release Date: March 11, 2021. 3 : Notice and Disclosure Obligations Release Date: March 18, 2021. 4 : Data Processing Obligations Release Date: March 25, 2021. 5 : Enforcement Release Date: April 1, 2021. [1] NEW: Installment No. 1 : Introduction and Overview Available: here. Installment No.

Government 52

Government 52

Burr Forman

AUGUST 31, 2021

Emily Mack was quoted in an August 2, 2021 article published by the Society for Human Resource Management (SHRM) discussing employer vaccination policies. On July 6, 2021, the Department of State updated its National Interest Exception (“NIE”) guidelines. Contact Mike in Mobile, AL at (251) 345-8216 or mrich@burr.com.

Construction 40

Construction Government Manufacturing Education 40

Burr Forman

JULY 2, 2021

7, July 2021. On April 9, 2021, he proposed allocating $14 billion toward initiatives to fight climate change, including large cash injections for environmental regulation and science research. A Refresher and Issues to Consider. Reprinted with permission from the ABI Journal, Vol. Click here to read the full article.

Bankruptcy 52

Bankruptcy Debtor Government Creditors 52

UK debt collections

JANUARY 25, 2021

And the harsh reality is that the Government will have to be ruthless when handing out rescue funds, because not all businesses will be sustainable, even when the flood waters subside.’. Julie Palmer, Partner at Begbies Traynor, said “These figures give an insight into some of the financial stresses that have been building in UK business.

Construction 93

Construction Financial services Government Trade 93

Katabat

NOVEMBER 5, 2021

The Wall Street Journal carries that headline for their article reporting that “Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years, according to new government data.” The article suggests that the rising figures could result in the U.S.

Unsecured Debt 52

Unsecured Debt Banks Credit Card Debt Government 52

Katabat

NOVEMBER 5, 2021

The Wall Street Journal carries that headline for their article reporting that “Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years, according to new government data.” The article suggests that the rising figures could result in the U.S.

Unsecured Debt 52

Unsecured Debt Banks Credit Card Debt Government 52