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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.
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.
This blog post is part of the 4th Annual Suicide Prevention Awareness Month blog tour. If you are feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or… Related Posts: Depression is a Liar. Dealing with Suicidal Thoughts -- You're Not Alone. Suicide Prevention. Blog. The Suicide’s Daughter. The post Debt, Depression, and Suicide: There’s Help Out There appeared first on DEAR DEBT.
On September 27, 2019, three years after Congress passed PROMESA and two years after the most severe Hurricane in more than 100 years devastated Puerto Rico , The Financial Oversight and Management Board for Puerto Rico filed its proposed Plan to restructure $35 billion of debt and other claims against the Commonwealth of Puerto Rico, the Public Building Authority (PBA), and the Employee Retirement System (ERS); and more than $50 billion of pension liabilities.
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?
Remember that scene from the ‘Wizard of Oz’, where the guard at the gates of the Emerald City is very reticent to let Dorothy and her friends in, until he realizes who they are, and changes his tune ?? Well, consider yourself the green- moustachioed guard, and your law firm clients Dorothy Gale.? The only problem is, by the time you figure out who’s at your gates, and when you’re ready to help them, they’re already long gone.
So you think your company could be insolvent ? You may have experienced times of financial uncertainty, but in this economic climate, many businesses have, too. Your business isn’t necessarily insolvent, but as a director, you must be aware of the insolvency warning signs. You risk being held personally liable for wrongful trading if you continue trading whilst insolvent.
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So you think your company could be insolvent ? You may have experienced times of financial uncertainty, but in this economic climate, many businesses have, too. Your business isn’t necessarily insolvent, but as a director, you must be aware of the insolvency warning signs. You risk being held personally liable for wrongful trading if you continue trading whilst insolvent.
There are. 7,837 debt collection companies. operating in the United States as of 2019. That is a marked drop from the number in 2017, which was 8,513. In the last decade, the total number of agencies has declined as the economy has gotten past the effects of the 2008 financial crisis. That being said, there is still a significant need for agencies that can help creditors collect on delinquent debts.
Like many business owners, I struggle with Shiny Object Syndrome (SOS); the insatiable desire to chase something new – be it a new business idea, feature or goal – instead of focusing on what’s in front of me. Sure it’s more exciting and feels good, but it comes at a cost. For me, the cost was not focusing on existing parts of the business that had the potential to produce more fruit if given more love and attention, especially from me (the founder).
Dealing with a customer filing for bankruptcy is a burden you certainly never want to face. Unfortunately, this is a part of the business that is inevitable if dealing with lots of customers. This blog will help you grasp a. Read More » The post What You Should Know About Reclamation Letters appeared first on C2C Resources Commercial Debt Collection Agency.
A fundamental rule in bankruptcy proceedings is that prepetition claims are not paid without a plan or separate order of the bankruptcy court. Orders allowing payment of prepetition claims prior to the payments approved by a bankruptcy plan are very rare. One of these rare possibilities is the request to deem a creditor “critical”. Because this practice goes against the fundamental essence of bankruptcy law, movants must be prepared to meet specific criteria to prevail.
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.
Marketing is often more subtle than people think. It’s usually more about creating and maintain ing subtle methods for extending brand awareness than anything else. If you can stay ‘top of mind’, by figuring out ways to regularly disseminate information to potentially interested parties, then it becomes more likely that potential clients will find you , and existing clients and referral sources will send new clients your way.
Our clients know that debt collection agency charges are a big factor in deciding how to collect their debts, and that is why we always compare our debt collection agency charges with competitors. Time and time again we have found our service to be effective and good-value for our clients. We have a high success rate of collections when it comes to improving cashflow and reducing exposure to aged debt for our clients.
We put our faith and trust in others when we require services outside of our breadth of knowledge. From hair salons to fine eateries, dependability is what leaves us satisfied and coming back for more. The same can be said for. dependable government collection agencies. When dealing with something as serious as your finances, you need this reliability more than ever.
Robert “RJ” Shannon, a talented bankruptcy counsel has joined Barron & Newburger as an attorney in its Austin Office. RJ will join the firm’s Bankruptcy and Reorganization practice group, where he will focus on business reorganization and bankruptcy litigation. For the last three years, Mr. Shannon has represented debtors, committees, trustees and creditors in bankruptcy litigation, and out-of-court workouts, and distressed acquisitions.
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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