November, 2021

You’re not a bank- how to stop your customers from treating you like one.

Collect More

Anyone who has been in business for a while will know that we are entering the danger zone. The annual period where getting paid is like pulling teeth. Thankfully it is still mid November so there is still time to plan, prepare and cope. The best advice I can give you right now is this- be up front and honest with your customer and ask them, before you start work or provide the goods and services, if they are going to be able to pay on time.

A Good Collection Attorney Knows How to Benefit From New York’s Liberal Judgment Enforcement Policies

FFGN COLLECT NY

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment.

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HMRC facing pressure to improve Debt Collection

UK debt collections

In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK.

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2021

In the Red

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Showdown at the Second Circuit on the Standards Protecting Onine Anonymity

Public Citizen

by Paul Alan Levy. An important case about anonymous online speech is hurtling toward a decision in the Second Circuit. The situation is worrisome because defendants are so unsympathetic and the plaintiff’s legal claims seem to me very strong.

More Trending

WIP It Good: What Can Work in Progress Tell You About the Future of Your Law Firm?

NCBA Law Practice Management Blog

‘Work in Progress’ (often abbreviate d to WIP) is a representation of work outstanding for law firm clients. While most lawyers just let it ride, and take it for granted that the work just keeps coming in, and keeps getting done – WIP has some predictive powers that law firms are largely ignoring.

Safer Federal Workforce Task Force Updates Guidance for Federal Contractors

Burr Forman

On November 10th, the Safer Federal Workforce Task Force (“Task Force”) updated its Guidance for Federal Contractors (“Guidance”).

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Unpaid Invoices as high as £200k affecting 1 in 5 SME’s

UK debt collections

Newly released data from Time Finance has revealed some startling findings. The data shows that an astonishing 70% of SME’s and Small businesses are suffering from late payments from their customers.

Harnessing the Power of Data in Debt Collections

Qualco

How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Judge Remands FDCPA Class Action Back to State Court

Account Recovery

Think creatively about saving money on gifts

Kasasa

If you don’t plan ahead, getting gifts for everyone on your list can add up quickly. No one wants to blow their budget when there are affordable ways to shop smarter. Using our seven gift-giving tips, you can get prepared and think creatively to avoid a bad financial start to the new year.

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Share and Share Alike: How Modern Document Storage Systems Increase Law Firm Security

NCBA Law Practice Management Blog

Email is good for email; but, when law firms start to try to expand the uses of email into broader technology functions – that’s where they run into trouble. Like when attorneys try to convert their productivity software into case management software. (In

OSHA’s COVID-19 Vaccine Mandate: Proactive Measures for Private Employers to Take While the Mandate is Stayed

Jimerson Firm

On November 5, 2021, the Occupational Safety and Health Administration (“OSHA”) published 29 C.F.R.

Survey shows true cost of Businesses chasing late payments

UK debt collections

A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Businesses are surprisingly spending more time chasing overdue debts when that time would be better used for more positive purposes.

Harnessing the Power of Data in Debt Collections

Qualco

How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe.

Daily Digest – November 29. Judge Grants MTD in FDCPA Case; Series Finale of ‘You Wanted a Rule, You Got a Rule’

Account Recovery

Think outside the gift-wrapped box

Kasasa

The gift wrapping industry continues to see year-over-year increases in spending and if you're in gift-wrapping mode , you know this is true. You don’t have to spend a ton of money to have beautifully wrapped presents to give to for birthdays, anniversaries, Christmas, or graduation gifts.

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Cadence: Better Law Firm Management Through Repetition

NCBA Law Practice Management Blog

Routine is so. routine’? The notion of slipping into a routine has lots of negative connotations: it’s boring, it’s stultifying, it lacks creativity. Oftentimes, routine and ‘rut’ are used interchangeably. A routine is something to climb out of, not to get into.

How Do I Get My Attorney’s Fees in Litigation After a Settlement is Reached?

Jimerson Firm

When lawsuits are filed, sometimes the prevailing party is entitled to attorney’s fees. As a general rule in Florida, those attorney’s fees may only be awarded if a statute or contract allows for them. See State Farm Fire & Cas. Palma , 629 So.2d 830, 832 (Fla. 1993).

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Micro Businesses hit by 60% hike in Late Payments

UK debt collections

New research has revealed late payments are continuing to have a significant impact on UK small businesses – with the smallest businesses being some of the worst hit.

Data Quality: What it is and how technology can improve it

Qualco

Data Quality: What it is and how technology can improve it. Data is a burning topic in the business world these days and one of the most valuable assets a financial organisation has access to.

3M New Names on DNC List; 1M More Robocall Complaints: FTC

Account Recovery

Nearly 3 million additional people added their phone numbers to the national Do Not Call registry during the 2021 fiscal year, which ended September 30, according to data released by the Federal Trade Commission just before Thanksgiving last week, bringing the total number of actively registered numbers on the list to more than 244 million.

Trade 83

6 Ways to give back at Christmas (or any time of year)

Kasasa

Christmas is the season of giving, but with all the costs of holiday shopping, decorating, and celebrating, your budget may not allow much room for charity - unless you've planned ahead. Never fear! Giving back at Christmas is possible without spending a dime.

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Eye of the Storm: How Will Alternative Business Structures Affect Traditional Law Firms

NCBA Law Practice Management Blog

Arizona has recently stricken the rule barring non-lawyer ownership in law firms from its professional ethics code. Utah is creating a sandbox environment to explore the same option.

What Happens When a Lender Fails to Record a Satisfaction of a Mortgage?

Jimerson Firm

Paying off one’s mortgage can be an exciting time for homeowners. Not only is the homeowner relieved of the burden of their monthly mortgage payments, but they are also finally able to proclaim that the property is owned free and clear.

Swiss Government takes debt collection action over unpaid fees

UK debt collections

Switzerland spent more than seven million francs repatriating citizens in the first wave of the Covid pandemic. The Swiss government has started debt collection proceedings to recover almost half a million francs spent on Covid repatriations.

Beyond Digital: The Next Era in Collections

True Accord

In 2013, TrueAccord was founded with the hypothesis that AI driven digital collection was the way to transform the industry.

Judge Grants MTD in FDCPA Case Over Use of Word ‘Summons’

Account Recovery

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act when one of its representatives used the word “summons” during a conversation with the plaintiff, who had been sued by the defendant to recover an unpaid debt.

The 4-1-1 on Skip Tracing

Payment Savvy

When a consumer defaults on payment, you first contact them about the missed payment. What happens when that customer vanishes completely? To collect debt more quickly, many businesses utilize collection agencies. One of the tools agencies employs when a consumer goes MIA is skip tracing.