Debtor profile no. 81- “Arrogant Angus”

Collect More

The post Debtor profile no. Everyone has dealt with an Arrogant Angus I am sure. Full of themselves, not short on confidence and always on the phone, they can be a nightmare to get money out of. Characteristics: – Massive ego. – Refers to themselves as a “disruptive entrepreneur” on their Linkedin profile. – Screens calls. – When they do answer the phone, it is with their full name only.

Debtor 100

Introducing Debtor Daddy for Bookkeepers

Debtor Daddy

It’s the first time we have tailored our debtor management solution to focus on a particular business market. A growing list of bookkeeping customers prompted Debtor Daddy CEO and co-founder Matt McFedries to develop ‘Debtor Daddy for Bookkeepers’.

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How do you manage debtors effectively?

Debtor Daddy

Most businesses are not managing their debtors effectively and efficiently. The good news is that we’ve learned how to make debtor management easy, time-efficient and highly effective for any business. Do you have enough time to manage debtors? appeared first on Debtor Daddy

Get the most out of your debtor management with CreditManager

On Guard

Especially in debtor management, there is a lot to gain by having a complete overview of your debtors and financial processes. Don’t miss our webinar to see how CreditManager can take your finance department and debtor management to the next level.

Can a Debtor Get Their Money Back?

FFGN COLLECT NY

After finally collecting the monies owed to you through debt collection litigation, the debtor wants their money back. Can a debtor really get their money back? How a Debtor Can Get Their Money Back. In this scenario, the judgment debtor defended the case from the beginning.

Using Your Debtor’s Assets to Secure Judgment Collections

Collections Law

It is all too common to see a deadbeat debtor make every effort possible to hide assets and other information in an effort to avoid paying you, either partially or in full. Finding Your Debtor’s Assets. Another process we use to learn about your debtor’s assets is supplementary process.

Measure what matters with Debtor Daddy’s New Filters

Debtor Daddy

Using the tracking codes in Xero, we can then filter accounts in Debtor Daddy by: Location. Compare and contrast the results of your debtor management process in different locations. If you’re new to Debtor Daddy, start a free trial or book a demo.

How Our Business Collection Attorneys Domesticate and Enforce Foreign Judgments Against Debtors

Collections Law

Cohen LLC, you will find that the process of domesticating and enforcing foreign judgments against your debtors is a much more straightforward process than one would typically expect.

How we made sales ‘great again’ at Debtor Daddy

Lucy Pink

It was time to make our sales processes great again at Debtor Daddy. The post How we made sales ‘great again’ at Debtor Daddy appeared first on Debtor Daddy. Business General SME Business Tips and Tricks cashflow debtor daddy invoice reminders late payments Stacking the odds in your favour

Court Dismisses Bankruptcy Case to Enable Debtor to Seek a Paycheck Protection Loan

PBWT

It is well known in the restructuring world that a debtor in bankruptcy can’t get a PPP loan. But what if you’re a debtor and decide a PPP loan could save your business? The issue arose recently where a chapter 11 debtor already had DIP financing in place.

Post-Judgment Collection Practices for When Your Debtor Won’t Pay Up

Collections Law

You’ve won your case in court, and your debtor needs to make the necessary payments to resolve the outstanding debt. Cohen LLC will frequently seek to attach your debtor’s bank accounts — either with notice or ex parte — in our efforts to secure payments from your debtor.

Enterprise Debtor Payment Portal

SimplicityCollectionSoftware

Simplicity Debt Collection Software is pleased to announce the roll out of its new Enterprise Debtor Payment Portal. This fully functional portal allows you to empower your debtors to make payments, settle accounts, set up payment plans, confirm their information and so much more. debtors are more inclined to make payments and settle accounts if they feel like they have control over their payment options and can easily make payments without having to talk to a collector.

Delaware Bankruptcy Court Issues Decision on Whether a Debtor Can Be a “Financial Participant”

PBWT

In both cases, the “agreements or transactions” must be “with the debtor or any other entity.” The court denied the motion for summary judgment, but rejected the Trustee’s argument that the definition of “financial participant” excludes debtors.

Alan M. Cohen: A Name All Debtors Should Respect

Collections Law

Collecting on your bad debt isn’t always an easy process and can be dragged out if you are not taking the most aggressive and relentless methods when dealing with your debtor. Cohen is the last name that debtors ever want to hear.

Debtor Daddy partners with FundTap to offer a complete cash flow solution

Debtor Daddy

Partnering with FundTap will allow Debtor Daddy customers access to fast, simple and transparent business funding that will keep them moving forward. Partnering with FundTap was a no-brainer,” says Matt McFedries, Debtor Daddy CEO.

Third Circuit Rejects Debtor’s Claim that Invitation to Call Deceives Debtors of Legally Effective Means of Disputing a Debt

Troutman Sanders

” That is, the “Validation Notice instructs the debtor to write to exercise their § 1692g rights, leaving no confusion that a phone call would suffice.” In Moyer v. Patenaude & Felix, A.P.C. ,

Your Commercial Debtor Just Went Bankrupt — Can You Still Get The Money You’re Owed?

Debt RR

However, if the debtor owes a significant amount, you may want to consider pursuing the debt in bankruptcy court. Here’s what you need to know now about the legal process and your options once your commercial debtor files for bankruptcy. Although you cannot contact the debtor directly, you can communicate with the court-appointed trustee or attorney managing the case. You’ll also be able to find the debtor’s income and expenses in Schedules I and J of the bankruptcy petition.

Ignore the Court at Your Own Peril: First Circuit Affirms Denial of Discharge Based on Debtor’s Failure to Comply with Orders of the Bankruptcy Court

PBWT

Debtors who ignore instructions from the Bankruptcy Court do so at their own peril, as a recent case from the First Circuit Court of Appeals illustrates. ” [1] Otherwise, debtors risk dismissal of their petition and denial of a discharge.

Subchapter V Conversion for Existing Chapter 11 Debtors

ABI

2] The SBRA is silent as to its availability to small business debtors that had filed for bankruptcy relief prior to the effective date of the statute, February 19, 2020. [3] 3] In In re Ventura , the Bankruptcy Court for the Eastern District of New York held that an individual debtor who had been in Chapter 11 for over a year could amend her petition and proceed as a “small business debtor” under subchapter V. [4] By: Eric Silverstein. John’s University School of Law.

Student Loan Debtors Seek High Court Standard In Debt Discharge

Collection Industry News

Supreme Court to provide a uniform, nationwide standard for what debtors must prove to eliminate student loan debt in bankruptcy. This widely varying application of the Bankruptcy Code undermines its uniformity and undercuts the Code’s promise of relief to the honest, but unfortunate debtor,” the National Consumer Bankruptcy Rights Center and the National Association of Consumer Bankruptcy Attorneys said in a joint brief asking the Supreme Court to take up the case. Source: site.

Debt Recovery – Utilizing Debtor Exams to Collect on a Judgment

Stevens Lloyd

You have initiated a lawsuit and won a Default Judgment against the debtor. Judgments are worthless unless you can locate and garnish the debtor’s assets, however. When a creditor obtains a judgment against an individual or company, one of the most effective techniques (providing they don’t know what assets the debtor has) is to utilize a Debtor Exam to recover monies which were awarded on the ruling document. If the debtor doesn’t cooperate, the Debtor Exam.

How to Get Debtors on the Phone Without Breaking the Law

Direct Recovery

There is nothing easy when it comes to debt collection, but one of the most difficult things for any collector to do is get debtors on the phone, especially if those collectors are following all of the rules and regulations that apply to collection calls.

Debtor-Hospitals Can Be Denied Federal Coronavirus Aid

ABI

ii] In In re Penobscot Valley Hospital , a bankruptcy court in Maine found that two hospitals could legally be denied federal assistance under the PPP because they were debtors in cases under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”). xii] Pursuant to certain regulations, the Administrator excluded debtors in bankruptcy cases from the program. a person that is or has been a debtor. By: Meghan Paola. John’s University School of Law.

Disappearing Debtors: Improving Your Chances of Successful Debt Collection

Stevens Lloyd

But imagine dealing with a debtor who suddenly disappears by changing their address and contact information without notifying you. When placing business with a corporate debt recovery firm, to ensure the highest possible rate of success at locating debtor companies, be sure to provide as much information as possible. If the debtor company does not respond or effect payment in full after a few letters, making phone calls and demands for payment need to take place.

Debtor May Establish Reasonably Equivalent Value Through Estimates of Intangible Benefits

ABI

Under title 11 of the United States Code (the “Bankruptcy Code”), a trustee appointed to a debtor’s estate may avoid transfers made within two years before the date of the filing if the debtor received less than reasonably equivalent value in exchange. [i] LLC , the United States Bankruptcy Court for the Southern District of Florida held that the Trustee could not avoid tuition payments made by a debtor for the benefit of its employees. [ii] By: Alexandria Stiteler.

Losing Momentum:  Houston Bankruptcy Court Holds that Make-Whole Claims are Not the Economic Equivalent of Unmatured Interest Subject to Disallowance; Solvent-Debtor Exception Lives

PBWT

2] The Fifth Circuit also instructed Judge Isgur to determine whether the creditors were entitled to post-petition interest at the contractual default rates under the “solvent-debtor” exception. [3]

Secured Creditors Beware: Ninth Circuit Holds a Chapter 13 Debtor may Avoid Liens Even if not Entitled to a Discharge

The Creditors Rights

This section prohibits the granting of a chapter 13 discharge if the debtor received a chapter 7 discharge within four years prior to the commencement of his chapter 13 case. 2015) held a chapter 20 debtor may in his chapter 13 case avoid a lien under § 506(d) even if § 1328(f) precludes him from receiving a discharge. The creditor in Blendheim was HSBC Bank, which held a deed of trust lien on the debtors’ home. The debtors filed a chapter 7 case and received a discharge.

Pension Trust is not a Debtor under the Bankruptcy Code.

ABI

Under section 109 of title 11 of the United States Code (the “Bankruptcy Code”), a person is generally eligible to be a debtor. [1] 4] There, the court determined that a pension trust was not a business trust and thus not eligible to be a debtor under the Bankruptcy Code. [5] Certain Plan participants moved to dismiss the bankruptcy case asserting that the Trust was not a business trust and therefore it was not eligible to be a debtor under section 109 of the Bankruptcy Code. [11].

3 Times You CAN'T Contact a Debtor

National Service Bureau

Most agencies are aware that consumers are protected by the FDCPA from abusive acts and practices , but there are other intricacies of the law to be aware of.such as when a debt collector may contact a debtor. At work : Debt collectors may not contact a debtor at his/her job. The Fair Debt Collection Practices Act was passed in 1977 to outline the ways in which consumers can be contacted by collection agencies.

44% of student debtors haven’t made any payments since March 2020

Collection Industry News

The post 44% of student debtors haven’t made any payments since March 2020 appeared first on Collection Industry News. A Week In Auckland, New Zealand On A $54,000 Salary. Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.Today: an engineer who makes $54,000 per year and spends some of her money on 0% beer.

District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Collection Industry News

District Court for the Middle District of Florida denied a debt collector’s motion for summary judgment, holding that a letter which provides notice of a change in debt ownership and requests payments be remitted to the new owner qualifies as a communication related to a debt under the Fair Debt Collection Practices Act (“FDCPA”), which restricts how debt collectors can collect from debtors. On October 5, 2020, the U.S.

Determining a Debtor’s Center of Main Interest in a Highly Integrated Enterprise

ABI

Under Chapter 15 of title 11 of the United States Code (the “Bankruptcy Code”), a court may grant recognition to a debtor’s foreign proceeding as a foreign main or nonmain proceeding depending on the location of a debtor’s center of main interest (“COMI”) or establishment. [1] 1] In a case involving affiliates, the United States Bankruptcy Court for the Southern District of New York determined the COMI of each debtor and not of the group as a whole. By: Loredana Miranda.

District Court Holds Letter Notifying Debtor of Change in Debt Ownership Can Fall Under FDCPA

Troutman Sanders

District Court for the Middle District of Florida denied a debt collector’s motion for summary judgment, holding that a letter which provides notice of a change in debt ownership and requests payments be remitted to the new owner qualifies as a communication related to a debt under the Fair Debt Collection Practices Act (“FDCPA”), which restricts how debt collectors can collect from debtors. On October 5, 2020, the U.S.

Recent Amendments Place Creditors in a Stronger Position to Defend Against Chapter 11 Bankruptcy Preference Lawsuits

Fraser

What’s worse—and which often comes as a big surprise—is when a business gets sued by the debtor or bankruptcy trustee seeking to recover payments made by the debtor before the bankruptcy. Prior to the amendments, debtors had to meet a low bar to file a preference lawsuit.

Chapter 7 Debtors Permitted to Amend Schedules to Claim Homestead Exemption after Successful Avoidance Action by Trustee

Foster Swift

The purpose of bankruptcy is to provide for an orderly process by which a debtor’s assets can be fairly divided and distributed among creditors. Read More › Tags: Chapter 7 , Financing , Personal Property Tax , Property Tax , Western District of Michigan