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📈 By the numbers: Total bankruptcy filings jumped 14.2% in 2024, continuing a multi-year rebound after more than a decade of decline. The 517,308 total filings for the year ending December 31, 2024, represent a significant increase from 452,990 in 2023, according to the Administrative Office of the U.S. Courts. This marks the highest volume of annual bankruptcy filings since 2020, though filings remain well below the post-Great Recession peak of 1.6 million in 2010.
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 adjusted upward by 13.2004%, perhaps the largest increase to date. Inflation adjustments are made to certain Bankruptcy Code dollar amounts every three years, and these new amounts will apply to cases filed on or after April 1, 2025.
The Court of Appeals for the Eleventh Circuit has affirmed a lower court’s ruling for the plaintiffs in a Fair Debt Collection Practices Act case over convenience fees, ruling loan servicers are prohibited from charging anything not expressly authorized by the underlying agreement or permitted by law. This decision clarifies a critical issue in the credit and collection industry whether loan servicers acting as debt collectors can impose pay-to-pay or convenience fees on consumers for exp
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 adjusted upward by 13.2004%, perhaps the largest increase to date. Inflation adjustments are made to certain Bankruptcy Code dollar amounts every three years, and these new amounts will apply to cases filed on or after April 1, 2025.
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?
A Utah lawmaker has introduced a bill that would prevent surviving spouses from being held responsible for their deceased partners medical debt. Driving the news: State Sen. Stephanie Pitcher [D-Salt Lake City] is sponsoring legislation, S.B. 175, that would amend Utahs existing statutes on family expenses, removing medical bills from the list of debts that spouses are jointly responsible for.
Jimerson Birr is pleased to welcome Jessica Skoglund Mazariego to the firm, bringing her extensive experience in complex commercial and real estate litigation. Known for her strategic advocacy and collaborative client partnerships, Mazariego specializes in business and real estate disputes, including breach of contract, fraud, trade secrets, and manufacturing and distribution matters.
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Jimerson Birr is pleased to welcome Jessica Skoglund Mazariego to the firm, bringing her extensive experience in complex commercial and real estate litigation. Known for her strategic advocacy and collaborative client partnerships, Mazariego specializes in business and real estate disputes, including breach of contract, fraud, trade secrets, and manufacturing and distribution matters.
Eleventh Circuit Affirms Ruling Against Loan Servicer Over Convenience Fees Utah Bill Seeks to Exempt Surviving Spouses from Medical Debt BK Filings Surge in 2024, Continuing Rebound from Historic Lows 23 Companies Seeking Collection Talent WORTH NOTING: A lot of people are turning to YouTube for “satisfying” videos like watching people unclog drains and clean rugs … America’s favorite Super Bowl snack foods, state by state … One of the people who stands to make a l
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
Provana, a leading provider of tech-enabled services for the financial and receivables management sector, today announced its acquisition of Palinode, a recognized leader in credit dispute management solutions for financial institutions. This strategic move enhances credit dispute investigation and resolution capabilities, delivering significant value to clients.
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