The McHughes Law Firm

JUNE 30, 2016

Establish preventative measures to help your small business with the debt collection process. If you are a small business owner, you are often the most vulnerable when it comes to debt collection due to the vast resources accessed by larger companies. Lack of payment by just a few large clients, or many small ones, can be financially disastrous for your bottom line.

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Debt Collection Answers

JUNE 23, 2016

Have you thought about using a balance transfer to pay a debt collector or to consolidate debt with high interest rates? That strategy can work but you have to be very careful. You need to avoid expensive traps and choose the right card. This article, which quotes the co-author of the free Debt Collection Answers ebook Gerri Detweiler, provides essential advice.

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The Creditors Rights

JUNE 21, 2016

Section 523(a)(2)(A) of the Bankruptcy Code allows a creditor to obtain a judgment denying its debtor a discharge of debts incurred by false pretenses or actual fraud. However, if the debt itself was not incurred by actual fraud, but the debtor subsequently transfers his assets with the intent prevent its creditors from obtaining payment, may the creditor still obtain a judgment denying the debtor’s discharge under § 523(a)(2)(A)?

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Consumer Financial Services Law

JUNE 11, 2016

Last month, the CFPB issued its much anticipated and much dreaded proposed arbitration rules. In its own words, the CFPB proposes “rules that would prohibit mandatory arbitration clauses that deny groups of consumers their day in court.” The proposed rule includes 355 pages of justification prior to presenting the rule in a concise 10 pages. The content of the supplementary information appears to be a lengthy attempt to justify the rule as being in the “public interest” and “the protection of co

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Recoverity

JUNE 1, 2016

FEDChex Recovery remains a recognized leader in providing Depository, Treasury, Risk Management and Collection solutions for businesses and financial institutions. We maintain our commitment of supporting our client’s requirements by delivering cost effective, ethical, reliable, and high quality solutions of strategic value. We pride ourselves on sustaining a challenging and rewarding work environment for our greatest asset, our employees.

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The Creditors Rights

JUNE 7, 2016

Many lenders attempt to render their borrower bankruptcy remote by requiring the borrower to have on its board a director, known as a “blocking director,” whose consent is required for any bankruptcy filing. However, in doing so, the lender needs to make sure the organizational documents which impose this condition on the buyer comply with requirements of the law of the state in which the borrower is organized.

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