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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.
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.
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.
Everyone, at some point in their life, has had money problems. But how you handle them affects your business’ cash flow. If you let your customer’s account go unpaid for long periods, the less of a chance there is to collect your money. There are different signs a company will need to look for when analyzing customer accounts. The signs include late payments, bounced checks, excuses, avoidance, and non-payments.
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?
Introduction. Rule 9(b) of the Federal Rule of Civil Procedure imposes a heightened pleading standard in cases where the Plaintiff alleges fraud or mistake. Compared to Rule 8(a), which requires a “short and plain statement of the claim,” Rule 9(b) demands pleading the “circumstances” of fraud “with particularity.” In the Fifth Circuit, when the Rule 9(b) pleading standard applies, the complaint must contain factual allegations stating the “time, place, and contents of the fals
By Caren D. Enloe A First Circuit Bankruptcy Appellate Panel (the “Panel”) recently held that a mortgage company’s communications did not violate the discharge injunction when viewed under an objective standard and considering the facts and circumstances surrounding the communications. Kirby v. 21st Mortg. Corp. , 599 B.R. 427 (2019). In Kirby, the consumers filed Chapter 7 while engaged in a state sponsored Foreclosure Diversion Program.
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By Caren D. Enloe A First Circuit Bankruptcy Appellate Panel (the “Panel”) recently held that a mortgage company’s communications did not violate the discharge injunction when viewed under an objective standard and considering the facts and circumstances surrounding the communications. Kirby v. 21st Mortg. Corp. , 599 B.R. 427 (2019). In Kirby, the consumers filed Chapter 7 while engaged in a state sponsored Foreclosure Diversion Program.
Business cards are so lame. Yet, everybody carries one. Business cards are still the coin of the realm, even in this paperless age. Even so, everybody’s business card looks the same. Y’all went to Staples, too, right? But, in a massively competitive environment like that occupied by solo and small firm attorneys, it pays (literally) to access every possible advantage that you can.
Utilizing a potential or existing customer’s annual financial report is a good way to gauge their potential risk before agreeing to sell on credit. There are many variables included in annual reports, some more significant than others. Being able to. Read More » The post Using Annual Reports to Reduce Customer Risk appeared first on C2C Resources Commercial Debt Collection Agency.
School is back in session for the majority of kids, and this year the mission is to improve productivity and help prepare your kids to focus on themselves and get better grades. Getting back into a studious mindset after summer vacation can seem daunting, but there are steps people can take that help restore focus and improve energy. The following are five tips that students and families of all ages can use to make the most of the upcoming school year. 1.
In the past, the Internal Revenue Service (IRS) has failed to turn their debts over to private debt collectors successfully. In 2017, the Fair Debt Collection Practices Act was passed, trying yet again. There have been many complaints from taxpayers about how those private companies go about collecting debts. Pioneer Credit Company is one of the main agencies that has many complaints against it.
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.
By: Zachary K. Dunn A debt collection agency did not violate § 1692g(b)’s 30-day validation period by sending two letters demanding payment and offering settlement terms during that period, a district court in Illinois has ruled. In Moreno v. AFNI, Inc. , 2019 U.S. Dist. LEXIS 107654 (N.D. Ill June 27, 2019), Mr. Moreno’s past due account with DirectTV was placed with the defendant, AFNI, Inc., for collection.
Did you know that law firms have a really poor not promoter score? Wait, wait. Let’s backtrack for a second. Do you know what a ‘net promoter score’ is ? Essentially, it’s a KPI (key performance indicator), that attempts to determine how likely your clients are to recommend you. The higher your net promotor score, the more likely your clients are to recommend you.
Gauging your credit team’s performance is a good way to make improvements to your overall credit process. Many companies struggle in identifying useful metrics to assess their overall performance. When relevant metrics are utilized, the collection process bottlenecks can be. Read More » The post Evaluating Credit Performance Using Metrics appeared first on C2C Resources Commercial Debt Collection Agency.
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.
We have heard this question many times over the years, and the truth is if you are asking yourself if there is a debt collection agency near me in the UK, then its not always the case that they need to be located in your home town. We operate nationwide, and help all types of businesses collect debts for all sorts of business transactions. Most of our tactics involve writing to the debtor, discussing debts on the telephone, and resolving late payment of invoices by email.
The Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace. For your information is available the 2019 Fair Debt Collection Practices Act. FDCPA 2019.
Americans seem to be struggling with debt more than ever. Between student loans, unpaid medical bills, and other financial woes, it's no surprise that roughly 70 million Americans were contacted about debts or were pursued by debt collection services between 2016 and 2017. But while you might be sympathetic to their struggle, the reality is that you, as a business owner, need to pay. your. bills, too.
Last week in this space, we addressed the fact that law firms have really low net promoter score s, with an NPS equal to about the average airline provider. As we discussed, that means that your clients like you about as much as they like Spirit Airlines. You can do better. Fi guring out your net promoter score is step one. Step two is improving your net promoter score.
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.
Lawyers start their own law firms for any number of reasons. There isn’t a wrong one. Despite that, most lawyers starting law firms tend to make the same mistakes. So, if it’s time for you to start your own law firm, good for you. And, these are three things you should figure out now, so you don’t get caught short resolving them later. Create a Niche.
If you haven’t examined your budget lately, I bet I can nevertheless predict how you can eliminate a good deal of your overhead. And, it’s a pretty simple solution: Convert to cloud services wherever you can. Look, nothing blows up a law firm budget like an unexpected technology expense. And, one of the biggest big ticket expenses is replacing a busted server.
In Mississippi, no pre-lien notices are required. Mechanic’s lien laws specifically include engineers as long as actual work is underway. A lien must be filed within 12 months from when unpaid fees were due. A Stop Notice for subcontractors is also available to freeze funds the owner may still have. Mississippi Code Title 85 Chapter 7 §131. State exemption statute and 11 USCS § 522(f) must be applied together, thus, debtors seeking to avoid nonpurchase-money security interests under 11 USCS § 52
Lawyers are often so head - down on substantive work that they spend very little time considering their ‘ sales cycle ’, which every business has. Whereas software companies consider metrics like ‘ cost of acquisition ’, law firms merely send out cadres of attorneys to network, with the fervent hope that that activity generates business, at some undetermined point in the future.
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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