March, 2020

article thumbnail

Fiduciary Duties And Financial Distress In The Time Of COVID-19

In the Red

The COVID-19 pandemic has caused unprecedented economic disruption, creating sudden financial distress across industries. Companies are now facing impacts ranging from a dramatic decline in revenue of uncertain duration, to potential setbacks to M&A transactions, to delayed or canceled financing rounds. With even some previously well-performing companies potentially entering the so-called zone of insolvency, it’s important to review the fiduciary duties owed by directors and officers a

Creditors 130
article thumbnail

A MESSAGE FROM DRA AND ADC LEGAL REGARDING CORONAVIRUS COVID-19

Debt Recoveries

A MESSAGE FROM DRA AND ADC LEGAL REGARDING CORONAVIRUS COVID-19. Like many businesses and organisations, DRA and ADC Legal remain focused on the safety and well-being of our employees and our ability to maintain the high quality of service for our clients. In accordance with our Business Continuity Plan, we have already taken measures to ensure we are able to provide the same level of service with as little impact as possible to our customers, clients, and employees.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fact or Fiction: Debt Relief in the Time of Coronavirus

Debt

Truth, they say, is the first casualty of war. And on March 13, President Donald Trump put America on a war footing. We’re coming for you, coronavirus. Speaking from the White House Rose Garden and flanked by heavy hitters from Big Pharma and its retailers, Trump declared a national emergency. We’ll let medical science handle […]. The post Fact or Fiction: Debt Relief in the Time of Coronavirus appeared first on Debt.org.

Retail 86
article thumbnail

Determining Your Debt-to-Income Ratio

Debt Guru

If you’re an American, chances are pretty good that you carry debt. In fact, a Pew report from 2015 found that 80% of us owe money. While that means we’re in good company, it also means that most of us are feeling the stress of debt and the strain of repayment. So, just how much debt is “too much?” Of course, it’s completely personal – you might be OK with shouldering high debt in order to afford your second car, or you might be completely stressed out when you owe your friend for that pack of g

article thumbnail

How Collection Agencies Minimize Effort and Maximize Results with the Right Software

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.

article thumbnail

Surviving Debt – Free Book During Coronavirus Pandemic

Debt Free Colorado

Free book about dealing with debt during COVID-19. The National Consumer Law Center is offering free access to the digital version of its book, Surviving Debt, during the COVID-19 emergency. Here’s how they describe it: A leading resource for over 25 years, this fully updated, 50th NCLC Anniversary commemorative edition of Surviving Debt provides precise, practical, and hard-hitting advice from the nation’s consumer law experts on how to deal with crushing debt affecting millions of Americ

More Trending

article thumbnail

INDIANA REPOSSESSIONS DURING COVID-19 PANDEMIC

Indiana Consumer Law Group

It is my hope in these trying times that creditors exercise restraint and avoid repossessions altogether. It seems like the right thing to do. Unfortunately, I am afraid that repossessions are still going to occur during the Coronavirus Covid-19 pandemic. If you are reading this, you are probably either concerned about your car being repossessed or it already has.

article thumbnail

NH Pretermitted Heir Appeal

McLane

Big thanks to Attorney Lisa Bellanti for calling to our attention the appeal she and Nadine Catalfimo have before the NH Supreme Court of the Probate Court’s Order in Estate of Marie G. Dow in which the Court held that a will’s choice of MA law requires that MA law governs a child’s pretermitted heir claim. From the will provision quoted by the court (it did not decide the issue), the claimant appears to have a meritorious claim under NH law.

article thumbnail

Managing Account Receivables during Coronavirus

C2C

These are obviously difficult times for many and we at C2C Resources would like to extend our deepest sympathies to those have been affected by the coronavirus pandemic. We encourage every business and person to adhere to state, federal, and. Read More » The post Managing Account Receivables during Coronavirus appeared first on C2C Resources Commercial Debt Collection Agency.

article thumbnail

Eight Most Commonly Overlooked Budget Categories

Debt Guru

Have you put the time and effort into creating a written monthly budget, and yet still find yourself constantly going over? Do you often find yourself pulling money from one budget item to cover unexpected expenses in another area? A well thought-out budget is a basic tool everyone should have in their financial toolbox, but if you’ve neglected to include some of the most often overlooked categories, you could be setting yourself up for failure. .

article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

article thumbnail

SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

BN Lawyers

By: R. J. Shannon, Esq. [1]. The service industry is precarious even in the best of times. Remaining profitable always requires innovation and consistent excellence to remain profitable, especially in a place with tight competition and margins like Austin. These are far from the best of times. Public health authorities have canceled major events like SXSW and closed the dining areas of bars and restaurants.

article thumbnail

Arbeit Software becomes “Arbeit,” Celebrating New Brand and Direction

Arbeit Software

Introducing the updated face, new name and exciting future of Arbeit!

111
111
article thumbnail

Three Debt Recovery Strategies That Are Proven To Be Effective

JMA

If you are a business that struggles to collect unpaid invoices from clients, you have most likely been in touch with a reputable debt collection agency to help sort this out. Debt recovery is never easy and can sometimes take more time than it really should. Many of these agencies have their own internal processes. Read more » The post Three Debt Recovery Strategies That Are Proven To Be Effective appeared first on JMA Credit Control.

article thumbnail

Tips for Managing Properties Remotely During a Pandemic

Click Notices

The Coronavirus (COVID-19) pandemic is having a significant effect on industries across the globe. One such sector is Property Management. With Public Health officials putting heavy importance on social distancing, Property Managers must now adjust how they conduct their day-to-day duties in order to align with guidance from Federal, State, and Local governments.

article thumbnail

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

article thumbnail

ANNOUNCING NEW SERVICE!

McLane

We are delighted to announce our NH Estate & Trust Deadlines page, which counsel will want to bookmark. The fear of missing deadlines is among the most anxiety provoking aspects of this job and this should be a big help in alleviating that stress. We have culled NH statutes and Probate Rules to highlight the deadlines, statutes of limitations, and other time periods that govern probate estates, trusts, and general Probate Court litigation.

article thumbnail

New Debt Bill Could Impact Collection in California

Direct Recovery

Earlier this year, California State Senator Bob Wieckowski introduced a bill that would require all California debt collectors to obtain a license from the state’s Department of Business Oversight. Understandably, this news sent shock waves through the debt collection community, and it was met with a very strong positive reaction from Senator Wieckowski’s constituents.

article thumbnail

Cash Flow during COVID

Debt Recoveries

The COVID-19 has taken the world by surprise and we here at Debt Recoveries Australia wanted to share some tips for maintaining cash flow within your organisation in the current economic climate. Cash flow is having the right amount of cash in the right places at the right time, every time. This cash can be sourced from a few areas, such as capital investment, borrowings and the like, but the main way you want to generate cash is from profits.

article thumbnail

How Your Collection Agency Can Use Video to Build Consumer Trust

Arbeit Software

The statistics don’t lie. According to a HubSpot research study done in 2020, 72% of consumers prefer video over text for receiving branded marketing information.

article thumbnail

10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

article thumbnail

Brit Suttell recognized by Celebrating Women in Financial Services

BN Lawyers

Britt Suttell, an associate in Barron & Newburger’s Pennsylvania office, was featured in an article about women in the financial services field. She was interviewed at insideARM’s Women in Consumer and Commercial Finance Conference. You can read the interview here. . Share List.

article thumbnail

COVID-19 Update

Brown and Joseph

As we collectively deal with the current pandemic, your team at Brown & Joseph wishes you, your family, and your colleagues good health and safety.… The post COVID-19 Update appeared first on Brown & Joseph, LLC.

article thumbnail

Pretty Paper: Modern Lawyers Can Still Use Pen and Paper

NCBA Law Practice Management Blog

Just because you want to be a modern lawyer, that doesn’t mean that you have to give up all of your paper. For lawyers, the love of paper persists; it often hearkens back to a prior age of law practice. In practice, it’s a tactile sensation. Many lawyers just like to write on paper, to hold it. A lot of attorneys still print files to review. So, if going full electric make you uncomfortable, there is a middle ground.

Lawyers 52
article thumbnail

Winning in the Next Era of Collections- White Paper

Katabat

As we feel the e ffects of Covid-19 on our communities, our goal is to ensure business continuity for our clients. Now is a great time to fortify and personalize your collections strategy to prepare for the immediate and longer-term impacts. We are pleased to share the following economic insights from our partners at BCG and 2nd Order Solutions; Winning in the Next Era of Collections.

article thumbnail

Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

article thumbnail

Six Benefits of Teaching Personal Finance in High School

Direct Recovery

The concept of teaching personal finance in high school classes has picked up steam over the past few years, but it is still a long way from being a requirement across the country. Many states are open to the possibility, but personal finance classes are only required in 21 states today, and five states (including California) still refuse to even address the issue.

article thumbnail

5 Digital Payment Channels for Better Accounts Receivable Management

Arbeit Software

The current pandemic is turning many industries on their heads, and Accounts Receivable is no exception.

article thumbnail

COVID-19: Bankruptcy Court Closures in Cleveland

Luftman, Heck & Associates.

COVID-19 has impacted the lives of many in Cleveland. As the situation continues to evolve, Luftman, Heck & Associates and our Cleveland Bankruptcy attorneys want to reassure our clients and the communities we serve that are taking this situation seriously, and putting safety measures in place that prioritize the health and well-being of our clients and staff.

article thumbnail

Phone and Video Consultations Available

Debt Free Colorado

The Law Office of Clark Daniel Dray uses tools that can allow you to do many of the activities related to your legal case remotely, including phone and video consultations, electronic document submission, remote signing of documents, etc. There’s no reason that engaging in social distancing should prevent you from receiving legal assistance. The post Phone and Video Consultations Available appeared first on Denver Lawyer Clark Daniel Dray.

Lawyers 52
article thumbnail

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

A well-defined change management process is critical to minimizing the impact that change has on your organization. Leveraging the data that your ERM program already contains is an effective way to help create and manage the overall change management process within your organization. Your ERM program generally assesses and maintains detailed information related to strategy, operations, and the remediation plans needed to mitigate the impact on the organization.