2021

The real cost of Small Business late payment

UK debt collections

The financial impacts from COVID is forcing many SME’s into bankruptcy. One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. .

Pile Up: What Are You Going To Do With All Those Old Files?

NCBA Law Practice Management Blog

Law firms generally have lots of trouble moving into new software programs. And, there are, for sure, a lot of reasons for that. Moving on from the status quo is hard, on its own. Plus, mindset change is a difficult thing. And, let’s not even talk about getting buy-in from staff.

Fast 5 Tips

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If your customer is a business, establishing their correct entity is a must. ABN Lookup is good for this but if you’re still stuck, the Terms and Conditions or Privacy Policy section of their website is also a goldmine. It’s almost always at the bottom of their homepage. If they promise to pay, always confirm in writing and ALWAYS ask them to reply to indicate they agree. Remember to ask those magic words: “What is the absolute most you can pay today?” ” 4.

Bankruptcy and Tax Refund Strategies

Sawin & Shea

As tax time approaches, it’s the perfect time to think about how you can make good financial decisions. For someone who’s pursuing Chapter 7 bankruptcy , this is especially important.

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Financial health check up tips for every age

Kasasa

Just as your doctor keeps you on track with age-appropriate health checks and tips, you should practice financial fitness for every stage of your life.?. Personal Finance

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Report Breaks Down Consumers’ Financial Situation During Pandemic

Account Recovery

As the COVID-19 pandemic took over the United States in 2020 and through 2021, fewer consumers — by and large — had problems paying their bills, but those who did have problems doing so had more problems than usual, according to data that was released last week by the Consumer Financial Protection Bureau.

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How Is Household Size Determined in Bankruptcy?

Sawin & Shea

Determining household size is an important measurement when facing bankruptcy. In fact, correctly determining household size can determine your eligibility for Chapter 7 bankruptcy. For some households, determining household size is simple.

You’re not a bank- how to stop your customers from treating you like one.

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Anyone who has been in business for a while will know that we are entering the danger zone. The annual period where getting paid is like pulling teeth. Thankfully it is still mid November so there is still time to plan, prepare and cope. The best advice I can give you right now is this- be up front and honest with your customer and ask them, before you start work or provide the goods and services, if they are going to be able to pay on time.

HMRC facing pressure to improve Debt Collection

UK debt collections

In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2021

In the Red

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others.

Showdown at the Second Circuit on the Standards Protecting Onine Anonymity

Public Citizen

by Paul Alan Levy. An important case about anonymous online speech is hurtling toward a decision in the Second Circuit. The situation is worrisome because defendants are so unsympathetic and the plaintiff’s legal claims seem to me very strong.

What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Businesses throughout Florida should be aware of consumer statutes that provide remedies to consumers and impose liability to businesses, even for small technical violations.

Will your cancer remission lead to aggressive medical collections?

Roths Child Law

Many patients develop a sort of tunnel vision after a diagnosis with cancer. The only thing that matters is achieving remission or having a scan done that shows they are cancer-free. They may suffer through painful treatments and months of chemotherapy to achieve remission.

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Amplifying Return on Experience (ROX) in Debt Collections using ?nalytics

Qualco

While change is the only constant, one thing is certain. External events like the pandemic will continue to transform customer behavior in a permanent manner. Customers are becoming more sophisticated and the same goes with the solutions they expect from financial institutions.

Why bank local? 5 ways it's better for you (and your community)

Kasasa

There's no shortage of reasons to bank local. It may surprise you that —?all all things equal —? two out of three U.S. adults would rather bank at a community bank or credit union than one of the major national banks. Personal Finance Community

FAR Council Issues Ensuring Adequate COVID-19 Safety Protocols for Federal Contractors Clause

Burr Forman

On September 27, 2021 Burr & Forman published COVID-19 Vaccine Guidance for Federal Contractors , noting that the Federal Acquisition Regulatory Council was to develop a mandatory Federal Acquisition Regulation (“FAR”) clause for new contracts and solicitations over the Simplified Acquisition Threshold (currently $250,000.00).

The Most Popular Article, By Month, Published in 2021

Account Recovery

Remembering everything that happened during the course of a year can be difficult. There are so many highs and lows that they often blend in with one another or fade into the background.

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Debts That Can’t Be Discharged During Bankruptcy

Sawin & Shea

It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Unfortunately, this isn’t exactly the case. You need to know exactly which debts can be discharged and which debts can’t as you begin the process.

Why the telephone is your best friend

Collect More

“The telephone is your best friend! Don’t be scared of the phone”!!! I really wish I could shout this constantly from the rooftops to every business owner in this country. The amount of people who are petrified of calling their overdue customer is crazy.

Unpaid Invoices as high as £200k affecting 1 in 5 SME’s

UK debt collections

Newly released data from Time Finance has revealed some startling findings. The data shows that an astonishing 70% of SME’s and Small businesses are suffering from late payments from their customers.

What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly.

Cobb County School District Tries Bogus Trademark Claims to Suppress Anti-Racist Organizing

Public Citizen

by Paul Alan Levy.

Going Green: An Update on Installing Electric Vehicle Charging Stations in Condominium Parking Areas

Jimerson Firm

In 2018, the Florida Legislature amended section 718.113 of the Florida Statutes to include a provision requiring that condominium associations allow unit owners to install electric charging stations in limited common element parking areas assigned to each unit owner.

Staffing Shortages, Pandemic … How do you succeed?

Receivables Control

One of the most significant problems facing companies right now is staffing shortages. The ramifications of staffing shortages is seen in every industry across the economy.

Harnessing the Power of Data in Debt Collections

Qualco

How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe.

Four ways it pays to invest in your community

Kasasa

Tackling the world's problems, especially when we hear news reports of overseas strife or natural disasters, feels daunting when trying to know how one person can make a difference.

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184 Burr & Forman Attorneys Named Among the 2022 Best Lawyers in America

Burr Forman

Birmingham, Alabama, August 19, 2021 – Burr & Forman LLP announces the inclusion of 184 of its attorneys among the Best Lawyers in America for 2022.

Daily Digest – December 31. Judge Awards $265k to Plaintiffs’ Attorneys in FDCPA Case; Experts Share the Word That Defined 2021 For Them

Account Recovery