June, 2016

article thumbnail

Six Debt Collection Mistakes Made by Small Businesses

The McHughes Law Firm

Establish preventative measures to help your small business with the debt collection process. If you are a small business owner, you are often the most vulnerable when it comes to debt collection due to the vast resources accessed by larger companies. Lack of payment by just a few large clients, or many small ones, can be financially disastrous for your bottom line.

article thumbnail

Jun 23, The 12 Best Balance Transfer Credit Card Offers of 2016: Longest Terms

Debt Collection Answers

Have you thought about using a balance transfer to pay a debt collector or to consolidate debt with high interest rates? That strategy can work but you have to be very careful. You need to avoid expensive traps and choose the right card. This article, which quotes the co-author of the free Debt Collection Answers ebook Gerri Detweiler, provides essential advice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supreme Court Expands Creditors’ by Allowing Denial of a Discharge Under Sec. 523(a)(2)(A) if Debtor Transfers Assets in Violation of State Fraudulent Transfer Statute

The Creditors Rights

Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. However, if the debt itself was not incurred by actual fraud, but the debtor subsequently transfers his assets with the intent prevent its creditors from obtaining payment, may the creditor still obtain a judgment denying the debtor’s discharge under § 523(a)(2)(A)?

article thumbnail

CFPB Arbitration Rule: What You Need to Know

Consumer Financial Services Law

Last month, the CFPB issued its much anticipated and much dreaded proposed arbitration rules. In its own words, the CFPB proposes “rules that would prohibit mandatory arbitration clauses that deny groups of consumers their day in court.” The proposed rule includes 355 pages of justification prior to presenting the rule in a concise 10 pages. The content of the supplementary information appears to be a lengthy attempt to justify the rule as being in the “public interest” and “the protection of co

article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

article thumbnail

FedChex Recovery

Recoverity

FEDChex Recovery remains a recognized leader in providing Depository, Treasury, Risk Management and Collection solutions for businesses and financial institutions. We maintain our commitment of supporting our client’s requirements by delivering cost effective, ethical, reliable, and high quality solutions of strategic value. We pride ourselves on sustaining a challenging and rewarding work environment for our greatest asset, our employees.

article thumbnail

Lenders Beware: Make Sure Your Borrower’s Organizational Documents’ Blocking Director Provisions Comply With State Law

The Creditors Rights

Many lenders attempt to render their borrower bankruptcy remote by requiring the borrower to have on its board a director, known as a “blocking director,” whose consent is required for any bankruptcy filing. However, in doing so, the lender needs to make sure the organizational documents which impose this condition on the buyer comply with requirements of the law of the state in which the borrower is organized.

Lender 40