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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
Petaluma, Calif. (Dec. 26, 2019) — Staff members of Optio Solutions and affiliate, CrossCheck, have reached 20 straight months of volunteer work at the Redwood Empire Food Bank in Santa Rosa. Averaging 12 volunteers per month, the team last participated in the food bank’s weekday Warehouse Support program on Dec. 17. The philanthropic effort was… The post Optio Solutions Staff Reaches 20 Straight Months of Volunteerism appeared first on Optio.
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.
It’s tempting to hire quickly to fill a position, especially if you’re feeling desperate. But the end result of a bad hire can be significant and costly. The hiring decision should not be based solely on presentation. To hire well, Read More » The post How To Hire the Right Person appeared first on C2C Resources Commercial Debt Collection Agency.
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.
WILMINGTON, Del., Dec. 3, 2019 – Katabat, a leading global supplier of debt management software solutions, today announced that SoFi, a leading personal finance company in the U.S., has selected Katabat as its technology partner. SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
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.
In personal finance, we’re always looking ahead. So often we think “I’ll be happy when I’m debt-free.” or “I’ll be happy when I have X net worth.” We can become… Related Posts: Dear Debt, You Make Me a Bitter Betty. Dear Debt, We're Getting Divorced. Financial Literacy Matters, Especially for Women. What the Worst Year of My Life Taught Me About Money.
Introduction The majority of Americans are living beyond their means and accumulating massive amounts of bad debt. In fact, a recent report by the New… The post 13 Easy Tips for Living Debt-Free appeared first on Brown & Joseph, LLC.
Almost every business owner has encountered overdue accounts and unreliable customers can have a negative impact on your business. As a small business owner, you may not have the time to make frequent phone calls to collect debt and the older the debt gets, the harder it is to collect. Hiring a debt collection agency is one of the easiest and smartest ways to put the focus back on your business.
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.
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.
Each year amendments are made to the rules that govern how bankruptcy cases are managed the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.
Keeping up with continuous change is exhausting! If you are in the credit industry, you know that most credit professionals work in pressure-filled environments with constant requirements to accomplish more with less resources. It’s always something; whether it’s consolidating operations to a central locale or software and operating systems’ updates.
Sports Accounting Australia (SAA) is all about sports. They’ve been assisting national and state sporting bodies across Australia with their finance and business planning for over a decade. Already a huge proponent of Xero and other cloud-based accounting solutions, being a paperless firm has allowed SAA to leverage their employees to a level that allows them to support their clients’ goals effectively and efficiently.
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.
You are already aware that a well-constructed credit team can improve the overall bottom line of your business. An efficient and effective credit team does not develop naturally. Understanding how to train internal personnel into a quality team will help. Read More » The post Helpful Tips to Improve Your Credit Team appeared first on C2C Resources Commercial Debt Collection Agency.
WILMINGTON, Del., Dec. 16, 2019 — Katabat, a leading global supplier of debt management software solutions, has delivered a significant release of its software, Katabat 9.0, which offers enhanced security, additional payment platform integrations, and improved client communication capabilities. “We always focus on improving our clients’ experience with each major release of our debt collections software,” said Katabat CEO Ray Peloso.
Typically, a decrease in the federal funds rate means your credit card APR should fall as well, but that’s not what is happening lately in the U.S. economy. Banks have backed themselves into a corner with an influx of cash-back and travel rewards credit cards, dishing out perks they can’t afford. Now, consumers are paying […]. The post Why Credit Card APR’s Are Rising, Despite Fed’s Third Rate Cut of 2019 appeared first on Debt.org.
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!
According to industry research, nearly half of all cell phone calls in 2019 will be scam calls. As more Americans become aware of this problem, they become more likely to avoid any phone interaction involving money. For some debt collectors, this can be a big problem. While collecting medical debt is not a scam, many collectors are unaware that they behave in a way that's similar to scams.
Hello debt fighters! We have a dear debt letter from Nia Simone, a personal finance writer for the website Money Done Right. Dear Debt, You are the weight that’s constantly… Related Posts: Dear Debt, You Almost Killed Me. Dear Debt, You Make Me a Bitter Betty. Dear Debt, I Was Cheating on You. Dear Debt, I Am Enough. What the Worst Year of My Life Taught Me About Money.
Debt collectors get an incredibly poor reputation, but they are invaluable to both businesses and individuals. While it may not be easy to see it this way, they provide a unique and important service. Many of those that reside in this profession may not want to even reveal to friends and family what they do for a living. They have a reputation of being harassers of everyone, but in reality, they are just doing their job and aiding businesses in getting their money back.
Consumer debt rose to 3.95 trillion in September 2018. If your business is owed money in delinquent payments, you know the struggle of trying to collect the due amounts on your own. This process can be difficult for businesses and even has the potential for legal problems if not handled correctly. If your tired of trying to collection on your own, here’s why you need to hire professional business debt collection services.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Each year amendments are made to the rules that govern how bankruptcy cases are managed the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.
Tired of wasting time and incurring high attorney costs while suing to recover debts? Perhaps you feel it’s a lost cause before you even start the process! Maybe you have spent so much time with all the back and forth that you wonder if you became your attorney’s assistant. If you feel this way, it’s time for a different approach.
One of the secrets for a stress-free (and hands-free) accounts receivable process is using smart automation. Automated email reminders are a good start, however, extending this to include Automated Calls makes for a seamless, optimal AR process. The earlier our AR specialists can pick up the phone, the sooner they can resolve any issues and get cash flowing again.
For a variety of reasons some accounts just don’t respond to the usual 90 days of letters, emails or calls. It is important at this point to stick to your policies and not lose credibility by duplicating previous steps. The. Read More » The post Final Demand Letter Templates appeared first on C2C Resources Commercial Debt Collection Agency.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
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