Sat.Jan 11, 2020 - Fri.Jan 17, 2020

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2019 Was a Turning Point. What’s Next?

Katabat

With a new decade commencing, there is no shortage of retrospectives. I believe 2019 will be remembered as a critical transformational year for the debt collection industry. Long-percolating patterns and pressures firmly coalesced around permanent shifts in digital consumer behavior (hello, TikTok!), late-cycle upticks in consumer credit default (the trough was actually WAY back in 2015), dramatic changes in technology for the industry, and meaningful new regulatory guidance.

Lender 52
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‘Tis the Season: Is It Time to Reconsider Holiday Cards?

NCBA Law Practice Management Blog

Every December, your law firm shuts down, so that you can send out holiday card s. It’s not just about getting the contact l i st together. It’s about selecting the cards. And, getting the message right. And putting them in envelopes. And stamping them. And mailing them. And, the n. Your card gets throw n o n a pile with thousands of others, without even being looked at, before it’s recycled.

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Financing a Corporate Turnaround

Brown and Joseph

Introduction Businesses must first have financing in order to undergo a successful turnaround. The key to planning a successful turnaround is finding the right financing… The post Financing a Corporate Turnaround appeared first on Brown & Joseph, LLC.

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Eighth Circuit Holds A Reorganization Plan May Treat Creditors More Favorably in Exchange For “Valuable New Commitments” Without Violating Section 1123(a)(4)

ABI

By: Morgan C. Liptak. St. John’s University School of Law. American Bankruptcy Institute Law Review, Staff Member. Under section 1123(a)(4) of title 11 of the United States Code (the “Bankruptcy Code”), a reorganization plan should provide equal treatment for each claim of a particular class, unless the claim holder specifically agrees to less favorable treatment. [1] In In re Peabody Energy Corporation , the United States Court of Appeals for the Eighth Circuit held that “consideration for valu

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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.

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U.S. Supreme Court Rules that Order Granting or Denying Request for Relief from Automatic Stay is Final Order that is Immediately Appealable

Foster Swift

A party who believes that a bankruptcy court erred in either granting or denying relief from the automatic stay needs to act fast to appeal such a decision. In the recently decided case of Ritzen Group, Inc. v. Jackson Masonry, LLC , the U.S. Supreme Court held that: “[A]djudication of a motion for relief from the automatic stay forms a discrete procedural unit within the embracive bankruptcy case” which “yields a final, appealable order when the bankruptcy court unreservedly g

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Healthcare in 2020: Convenience Care is Critical

Credit Management Company

More Americans than ever now own phones, tablets, and computers, and they expect these devices to play an important role in the delivery of their healthcare. That's just one reason telehealth services grew 643% between 2011 and 2016. It's also why fewer people retain a primary care doctor. In 2020, healthcare providers can expect these convenience care trends to continue, and this may be bad news for many of them.

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Collusive Bidding on a Debtor’s Assets: A Question of Fairness

ABI

By: Ross Weiner. St. John’s University School of Law. American Bankruptcy Institute Law Review , Staff Member. Under section 363 of title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor-in-possession may sell the debtor’s assets. A trustee may avoid such a sale or recover damages if the sale process is controlled by collusion.

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Do You Struggle With Debt Recovery for Small Business?

Taurus Collect

When you first send out an invoice to a customer, the last thing on your mind is debt recovery and what you will do to collect it. In fact, as a small business, debt recovery is probably the most important thing you should consider, and can often be the difference between a long and successful business, and a very short-lived, insolvent one. The key to debt recovery for small business is really to have a very simple system in place for when things go bad.

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A District Court may not Enjoin Third-Party Claims Against Insurers without Alternative Compensation Scheme

ABI

By: Justin Henderson. St John’s University School of Law. American Bankruptcy Institute Law Review Staff Member. The United States Court of Appeals for the Fifth Circuit, in SEC v. Stanford International Bank, Ltd. , held that the United States District Court for the Northern District of Texas abused its discretion when it approved a settlement that would preclude third-parties from bringing claims against the debtor’s insurers (the “Underwriters”). [1] As a result of a ponzi scheme

Banks 40
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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.