In the Red

FEBRUARY 15, 2019

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

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Bankruptcy Chapter 13 bankruptcy Debtor Secured debt 140

Optio Solutions

DECEMBER 26, 2019

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.

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Banks 94

Debtor Daddy

DECEMBER 11, 2019

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.

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Debtor 93

C2C

NOVEMBER 25, 2019

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.

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Collection Agencies Collections Agency Collections 84

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.

Katabat

DECEMBER 2, 2019

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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Personal loans Loans Collections Debt Management 78

Debt Free Colorado

AUGUST 8, 2019

House Resolution 2938, the Honoring American Veterans in Extreme Need Act of 2019 or the HAVEN Act, was written to “exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense” Previously, VA disability was counted toward total income under the bankruptcy means test.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Lawyers 75

Dear Debt

APRIL 25, 2019

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.

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Credit Management Company

FEBRUARY 19, 2019

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.

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Collections Healthcare Collection Companies 75

Turbo Recovery

JANUARY 25, 2019

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.

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Collection Agencies Collections Agency Collections Debtor 71

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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.

Collections

BN Lawyers

DECEMBER 10, 2019

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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Construction Law Firms Judgment Collections 66

In the Red

NOVEMBER 5, 2019

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.

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Bankruptcy Debtor Government 100

Receivables Control

JUNE 17, 2019

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.

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Retrieval Collection Agencies Collections Agency Collections 62

Debtor Daddy

NOVEMBER 27, 2019

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.

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Debtor 84

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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

Collections

C2C

AUGUST 23, 2019

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.

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Construction Collection Agencies Collections Agency Collections 65

Katabat

DECEMBER 16, 2019

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.

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Debt

NOVEMBER 4, 2019

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.

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Banks 61

Burt and Associates

SEPTEMBER 23, 2019

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.

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Debt collector Credit Counselor Creditors Collection Agencies 58

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Dear Debt

OCTOBER 2, 2019

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.

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Credit Management Company

AUGUST 7, 2019

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.

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Debt collector Debtor Collections Healthcare 61

Credits Inc

DECEMBER 31, 2019

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.

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Collections Debtor Debt Recovery Collection Agencies 52

Brown and Joseph

DECEMBER 28, 2019

Introduction There are over 8,000 debt collection agencies operating in the U.S. today. If you need to hire a debt collection vendor, make sure you… The post What to Expect From Your Debt Collection Vendor appeared first on Brown & Joseph, LLC.

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Collections Collection Agencies Collections Agency 52

Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.

In the Red

MAY 21, 2019

A Big Answer To A Big Question. After dividing the courts for a number of years, we finally have the answer to the big question of whether rejection of a trademark license by a debtor-licensor deprives the licensee of the right to use the trademark. Here’s the question on which the Supreme Court granted certiorari in the Mission Product Holdings, Inc. v Tempnology, LLC case: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitutes a b

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Bankruptcy Debtor Manufacturing Law Firms 100

NCBA Law Practice Management Blog

DECEMBER 26, 2019

Perhaps the most damning of a series of damning facts about law firms released within the latest Clio Legal Trends Report ( link here ), is this: 89% of lawyers surveyed believed that their law firms followup with potential clients within 24 hours; 62% of law firms actually never follow up with leads at all. I’ll let that sink in. The Report also goes on to indicate that of the law firm clients surveyed, 89% want to hear back from the law firm within 24 hours, while 24% want to hear back within

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Lawyers Law Firms Creditors 52

Luftman, Heck & Associates.

DECEMBER 9, 2019

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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Bankruptcy 52

C2C

OCTOBER 16, 2019

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.

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Collection Agencies Collections Agency Collections 58

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Did you know that 2021 was a record-breaking year for ransomware? The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. With 495.1 million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists.

Banks