2019

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Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2019

In the Red

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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Optio Solutions Staff Reaches 20 Straight Months of Volunteerism

Optio Solutions

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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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.

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How To Hire the Right Person

C2C

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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The Silent Crisis: Why Finance Lags in Digital Transformation and How to Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Katabat Platform to Support SoFi Ominchannel Personal Loan Collections

Katabat

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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In-House vs. Outsource - What Makes Sense for Your Collection Operation?

Credit Management Company

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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Look How Far You’ve Come

Dear Debt

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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VA Disability No Longer Income for Bankruptcy Means Test

Debt Free Colorado

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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13 Easy Tips for Living Debt-Free

Brown and Joseph

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.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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5 Reasons Why a Small Business Needs a Collection Agency

Turbo Recovery

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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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2019

In the Red

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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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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Passion for Sports Underpins Successful Accounting Firm

Debtor Daddy

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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

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.

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Helpful Tips to Improve Your Credit Team

C2C

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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Katabat 9.0 Delivers Enhanced Security and Payment Capabilities Latest release includes improved click-to-call performance, integrations to REPAY and BillingTree for payment processing

Katabat

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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Keep your collections floor happy!

Qualco

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Continuous Change: 4 Lifelines

Receivables Control

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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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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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Why Credit Card APR’s Are Rising, Despite Fed’s Third Rate Cut of 2019

Debt

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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How to Spot a Scam Call

Credit Management Company

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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Dear Debt, This Won’t Last

Dear Debt

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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Dealing with Debt Collectors

Burt and Associates

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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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2019

In the Red

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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How Business Debt Collection Services Benefit You

Credits Inc

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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Our Call service just keeps on getting better

Debtor Daddy

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.

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Final Demand Letter Templates

C2C

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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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.