2021

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.

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

Collect More

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.

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Give 'Em the Slip: It's Time to Move Off of Old School Time Slips

NCBA Law Practice Management Blog

Even at this late date, there are a number of law firms that continue to rely on paper-based time slips to track time. If you’re one of those law firms, here’s why that’s bad: A paper slip can be easily lost or destroyed.

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.

Money tricks to avoid (and treats to look out for!)

Kasasa

Even if it’s been a few years since you last were on the candy-receiving end of trick-or-treat, you know you still love this time of year. At a certain age we take our small pleasures where we can, and one of the sweetest treats in adulthood is unexpected cash.

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Safer Federal Workforce Task Force Updates Guidance for Federal Contractors

Burr Forman

On November 10th, the Safer Federal Workforce Task Force (“Task Force”) updated its Guidance for Federal Contractors (“Guidance”).

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Drop in UK Business Insolvencies masking a grim reality

UK debt collections

According to latest figures, Corporate and Business Insolvencies fell by 27.1% for 2020 in England and Wales. Unfortunately the statistics do not tell the whole story as many businesses in the UK are in distressed situations.

Does Checking Your Credit Score Lower It?

Better Credit Blog

The answer is yes and no. Lenders and credit card issuers carry out two types of checks on your credit. The first, a soft credit check, doesn’t impact your credit score at all. The second, a hard check, knocks a few points off your score every time.

Judge Remands FDCPA Class Action Back to State Court

Account Recovery

Why You May Need a Certificate of Trust When Selling Real Estate in Michigan

Fraser

A last will and testament and a living trust are two of the most common estate planning methods. A living trust is attractive for many because it provides for an efficient and effective disposition of assets to loved ones, and unlike a will a living trust avoids probate court.

Is the Increase in the Monetary Limit in the Civil Courts Good for Creditors?

FFGN COLLECT NY

Effective January 1, 2022, the jurisdictional limit of the New York civil courts will increase from $25,000 to $50,000. On its face, the availability of a lower-cost court to adjudicate claims which fall within the $25,000 to $50,000 sounds appealing.

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

Public Citizen

by Paul Alan Levy.

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.

Trust Fall: Law Firms Should Farm Out More Functions

NCBA Law Practice Management Blog

The best and highest use of an attorney’s time is focused on one of two things: (1) billing at the highest possible rate; (2) closing new business that can be billed at the highest possible rate. I call that ‘practicing at the top of your law license’.

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

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.

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).

Number of Insolvent Businesses rises in September

UK debt collections

The number of businesses in England and Wales that went bust last month was the largest since the pandemic began. The latest Insolvency Service data shows that 1,446 company insolvencies were registered last month. Business insolvencies have increased by 7.2%

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Why is my credit score low after getting a credit card?

Better Credit Blog

Ironically, even when a credit card issuer checks your credit history and approves you, your credit score still drops by a few points. This is because they’ve had to run a hard credit check or inquiry so they could see your full credit history.

CFPB Announces Crackdown on NSF, Overdraft Fees

Account Recovery

The Consumer Financial Protection Bureau yesterday put overdraft fees in its crosshairs yesterday, and already banks are responding by announcing they will no longer assess NSF fees when consumers spend more than they have in their bank accounts.

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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.

A Good Collection Attorney Knows How to Benefit From New York’s Liberal Judgment Enforcement Policies

FFGN COLLECT NY

There is no state as liberal as New York when it comes to commercial debt collection and the enforcement of judgments against commercial entities. New York Civil Practice and Rules Article 52 grants the judgment creditor many liberties and privileges when it comes to enforcing a judgment.

Biden Executive Order To Examine Non-Compete Agreements

Fraser

On July 9, 2021, President Biden issued an executive order aimed at “promoting competition in the American economy.”

Should you give your customer a heads up they’re going to debt collection?

Collect More

This is a question we get asked all the time and our answer is always the same- absolutely you should. But give them one final chance and don’t ever give them longer than 24 hours to respond or pay. Short, sharp deadlines. The time for chit chat and niceties is over. You mean business and they can either pay you today or deal with the debt collectors tomorrow. List the possible consequences they could face if you press that button. They include: – Possible extra fees and added costs.

WIP It Good: What Can Work in Progress Tell You About the Future of Your Law Firm?

NCBA Law Practice Management Blog

‘Work in Progress’ (often abbreviate d to WIP) is a representation of work outstanding for law firm clients. While most lawyers just let it ride, and take it for granted that the work just keeps coming in, and keeps getting done – WIP has some predictive powers that law firms are largely ignoring.

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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Bankruptcy and Your Job

Sawin & Shea

One issue that you may worry about when filing for bankruptcy is whether or not it will affect your employment. In the midst of a stressful financial time when you are having to accept the idea that your finances are changing, it is normal to believe that there is a stigma attached to bankruptcy.

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.

Survey shows true cost of Businesses chasing late payments

UK debt collections

A shocking survey has revealed that 32% of businesses are spending up to 75% on late payment issues. Businesses are surprisingly spending more time chasing overdue debts when that time would be better used for more positive purposes.