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An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be increased about 6.2% this time for new cases filed on or after April 1, 2019. Follow this link for the Federal Register page with a chart listing all of the updated dollar amounts. Among the most meaningful increases for Chapter 11 and other business bankruptcy cases: The employee compensation and employee benefit plan contribution prior
Successfully collecting past-due accounts is a large source of revenue for organizations. For healthcare companies in particular, collecting from patients accounts for 88% more revenue than it did in the past. Improving collections, however, can require a significant amount of effort, persistence, and resources. Companies ultimately have two choices: collect past-due accounts in house or hire an outsourcing service.
By: Jonathan M. Robbin, Diana M. Eng , and Maria K. Vigilante. In Barbato v. Greystone Alliance, LLC et al. , a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692(a), even where the entity does not collect the debt and a third party is retained to do so
Law firms cite to a lot of things, like cases.? But, when it comes to modernizing business management tactics, law firms cite traditional barriers, like cost and effort.? Law firm culture is a static one, embracing of the status quo, at all costs.? If you’re a lawyer, you’re probably willing to remain on the Titanic, as it recedes below the water line, because jumping into a life boat seems like a significant and uncomfortable change.?
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Business debt collection agencies tend to get a bad reputation. Too often, individuals who have negative experiences with debt collectors share their upsetting experiences, painting the whole industry with a broad brush in ugly paint. While it's true that there are some upsetting debt collection practices out there, many other collections agencies are different.
By Caren Enloe and Anna Claire Turpin Just four days after the U.S. Supreme Court heard oral arguments in Obduskey v. McCarthy & Holthus LLP regarding whether non-judicial foreclosures qualify as debt collection under the FDCPA, the Sixth Circuit doubled down on its position that non-judicial foreclosures are debt collection. Building on its 2013 decision in Glazer v.
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By Caren Enloe and Anna Claire Turpin Just four days after the U.S. Supreme Court heard oral arguments in Obduskey v. McCarthy & Holthus LLP regarding whether non-judicial foreclosures qualify as debt collection under the FDCPA, the Sixth Circuit doubled down on its position that non-judicial foreclosures are debt collection. Building on its 2013 decision in Glazer v.
The Supreme Court held oral argument earlier today in the Mission Products v. Tempnology case, on the issue of the effect of rejection by a licensor of a trademark license on the licensee’s rights. For the full background on the case and the arguments of the parties and amici, please read this post from last week. However, for quick reference, this is the question presented: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitute
I mean, don’t get me wrong, lawyers can code, if they want to; but, they don’t have to. There’s a prevailing argument in legal tech circles over whether lawyers should be coders. This argument is often misconstrued to mean that lawyers should be developing their own software. And, that’s an entirely different thing. It’s sort of like making the assumption that the guy who tinkers with an old Corvette on the weekend should launch an automotive corporation.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
In order to sustain as a profitable business, you need to focus on so many important aspects. You need to keep your customers and employees happy, you need to properly advertise your business, and you need to keep your products and services up-to-date. Most importantly, though, you need to handle your bills. A successful business needs to collect payments for products and services but that is much easier said than done.
For the first time in over a year, the CFPB has issued a Complaint Snapshot. A practice started by Cordray in 2015, the report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of complaints by product category and by state. While the Complaint Snapshot issued by Kraninger’s office differs slightly in content from the reports issued under Cordray and does not promise to be a regular occurrence, it provides excellent content that will allow financial s
The Big Question. What is the effect of rejection of a trademark license by a debtor-licensor? Over the past few years, this blog has followed the Tempnology case out of New Hampshire raising just that issue. The case has gone from the bankruptcy court , to the Bankruptcy Appellate Panel , and then to the First Circuit. Last August, I wrote about how the case could be headed to the Supreme Court.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
When thinking about how to market a law firm effectively, the question of frequency is important, especially as it relates to content marketing : get as much of your stuff out there into the world, as often as you can, and people are bound to pay attention to you. It’s not quite that simple; but, that is the gist of it. I n addition to having a lot of marketing materials in your holster, though, it’s also important to consider the breadth of your marketing attack.
Attorneys who regularly engage in collection work for community associations have increasingly become targets for lawsuits filed by professional consumer attorneys under the Fair Debt Collection Practices Act (“FDCPA” or “the Act”), 15 U.S.C. § 1692 et. seq., and analogous state laws. These suits can be costly, distracting, and can create significant tensions between HOA attorneys and the management companies and associations they serve.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
For my money, unless you have actually been a real-life, honest-to-goodness website designer at some point in your career, and if you're a lawyer, it's never a good idea to design and maintain your own website.? It's kind of like performing open heart surgery on yourself, and it can have the same negative effects on your business that it would on your body -- including the potential for flat-lining.?
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