Sat.Dec 07, 2019 - Fri.Dec 13, 2019

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4 New Year’s “AResolutions” for a Growing Business

Debtor Daddy

Make 2020 the year of avoiding the pains (and costs) of mishandled accounts receivable (AR). Establishing an effective AR process is a crucial part of running a successful business (and our accounts receivable software makes it easy!). It can also bring a whole raft of benefits to the table – it positively impacts marketing, sales, customer service, and overall operations.

Debtor 93
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Supreme Court Rejects Discovery Rule in FDCPA Cases

BN Lawyers

The United States Supreme Court has affirmed the Third Circuit Court of Appeals’ decision in Rotkiske v. Klemm , holding that Section 1692k(d) of the FDCPA “unambiguously sets the date of the violation as the event that starts the one-year limitations period.” The decision overrules cases from multiple circuits that have allowed application of the “discovery rule” in FDCPA cases.

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Bankruptcy for Married Couples

Luftman, Heck & Associates.

When there is consistently more month than money and your financial situation continues to deteriorate due to job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among the options available is bankruptcy for married couples. Besides determining if you qualify for filing Chapter 7, where your debts are discharged, or qualify for filing Chapter 13, in which you have a repayment plan, you Read More.

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Any Way You Look At It, Debt Collection is Transforming

Katabat

In November, Kyle Christensen and I had a lot of fun leading two TECHtalk roundtable discussions at CollectTech 2019 where attendees joined us in lively conversations about key opportunities facing the industry. One group spoke about ways to leverage the proposed CFPB rule changes to their advantage, while the second tackled the role played by the likes of Snapchat, Instagram and Venmo in driving the digital payment revolution.

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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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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Corporations have been increasingly defaulting on debt, with many businesses are struggling to maintain revenues and liquidity. Sometimes businesses aren’t prepared for market changes or a slump stretches longer than it should have, causing them to fall further into debt as bills pile up. Banks can seize business assets and liquidate as a last resort to cut their losses.

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U.S. Supreme Court Rules Statute of Limitations for FDCPA Claim Runs One Year from Alleged Violation, Not Discovery

Consumer Finance Watch

Wayne Streibich , Diana M. Eng , Jonathan M. Robbin, Scott E. Wortman , and William L. Purtell. The Supreme Court of the United States (“Supreme Court”) recently affirmed the Third Circuit’s decision holding Fair Debt Collection Practices Act (“FDCPA”) claims are subject to a one-year statute of limitations from the date of an alleged violation and rejecting the Fourth and Ninth Circuit’s adoption of a broad “discovery rule.

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UK businesses not feeling good about invoice collection, new research shows

Taurus Collect

According to a recent trade credit report from Credit Insurer Atradius, UK companies saw an increase in invoice collection last year (61%), up from 54% in 2018. Despite the apparent improvement in invoice collection, it still remained that 35% of invoices produced by UK businesses were outstanding beyond payment terms. And the outlook appears to be that it is only going to get worse.

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What to do When You’re Served Papers for a Debt

Debt RR

U.S. businesses have a mounting debt. Forbes estimates large companies with nonfinancial corporate debt account for 48% of the country’s GDP at $10 trillion. Small- to medium-sized businesses account for another $5.5 trillion, bringing the total to 74% of the U.S. GDP. Adding to the problem is a weak economy heading into 2020. This leaves businesses struggling to maintain revenue while debt continues to pile up.

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Low Bar: How to Differentiate Your Law Firm from Competitors

NCBA Law Practice Management Blog

Lawyers are trained to be risk-averse, and to cling to the status quo.? Because lawyers manage law firms, change within those law firms happens at a glacial pace.? Yet, while law firms cling to the status quo, upstarts in other industries redefine life and culture.? Not that law firm managers need to be out to change the world, writ large.? They just need to change their own worlds, just a little bit.

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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.