February, 2019

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Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2019

In the Red

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 increased about 6.2% this time for new cases filed on or after April 1, 2019. Follow this link for the Federal Register page with a chart listing all of the updated dollar amounts. Among the most meaningful increases for Chapter 11 and other business bankruptcy cases: The employee compensation and employee benefit plan contribution prior

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In-House vs. Outsource - What Makes Sense for Your Collection Operation?

Credit Management Company

Successfully collecting past-due accounts is a large source of revenue for organizations. For healthcare companies in particular, collecting from patients accounts for 88% more revenue than it did in the past. Improving collections, however, can require a significant amount of effort, persistence, and resources. Companies ultimately have two choices: collect past-due accounts in house or hire an outsourcing service.

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Third Circuit Broadens Definition of “Debt Collector” under FDCPA to Include Entities That Acquire Debt but Outsource Collection of That Debt

Consumer Finance Watch

By: Jonathan M. Robbin, Diana M. Eng , and Maria K. Vigilante. In Barbato v. Greystone Alliance, LLC et al. , a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692(a), even where the entity does not collect the debt and a third party is retained to do so

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Keep the Change: The Worst Enemy of Law Firm Change Management is Inertia

NCBA Law Practice Management Blog

Law firms cite to a lot of things, like cases.? But, when it comes to modernizing business management tactics, law firms cite traditional barriers, like cost and effort.? Law firm culture is a static one, embracing of the status quo, at all costs.? If you’re a lawyer, you’re probably willing to remain on the Titanic, as it recedes below the water line, because jumping into a life boat seems like a significant and uncomfortable change.?

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Solve Your Firms Automation Complexities Once and For All

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.

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Business Debt Collection: An FAQ

Credits Inc

Business debt collection agencies tend to get a bad reputation. Too often, individuals who have negative experiences with debt collectors share their upsetting experiences, painting the whole industry with a broad brush in ugly paint. While it's true that there are some upsetting debt collection practices out there, many other collections agencies are different.

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Today’s Supreme Court Oral Argument In Tempnology Is Over And Here’s What We Learned

In the Red

The Supreme Court held oral argument earlier today in the Mission Products v. Tempnology case, on the issue of the effect of rejection by a licensor of a trademark license on the licensee’s rights. For the full background on the case and the arguments of the parties and amici, please read this post from last week. However, for quick reference, this is the question presented: Whether, under §365 of the Bankruptcy Code, a debtor-licensor’s “rejection” of a license agreement—which “constitute

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Comment on This Is How a 3-Second Pause Kills Live Contact and Invites a Lawsuit by Www.se7enbites.com

Arbeit Software

I constantly spent my half an hour to read this web site’s content daily along with a mug of coffee.

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Challenges for 2019: Europe's bid to cut NPLs

Qualco

Loans 40
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Code Red: Why Lawyers Don’t Need to Code

NCBA Law Practice Management Blog

I mean, don’t get me wrong, lawyers can code, if they want to; but, they don’t have to. There’s a prevailing argument in legal tech circles over whether lawyers should be coders. This argument is often misconstrued to mean that lawyers should be developing their own software. And, that’s an entirely different thing. It’s sort of like making the assumption that the guy who tinkers with an old Corvette on the weekend should launch an automotive corporation.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

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.

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4 Advantages of Working With Debt Collection Services

Credits Inc

In order to sustain as a profitable business, you need to focus on so many important aspects. You need to keep your customers and employees happy, you need to properly advertise your business, and you need to keep your products and services up-to-date. Most importantly, though, you need to handle your bills. A successful business needs to collect payments for products and services but that is much easier said than done.

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CFPB Issues First Complaint Snapshot Under Kraninger

Consumer Financial Services Law

For the first time in over a year, the CFPB has issued a Complaint Snapshot. A practice started by Cordray in 2015, the report is a high level snapshot of trends in consumer complaints and provides a summary of the volume of complaints by product category and by state. While the Complaint Snapshot issued by Kraninger’s office differs slightly in content from the reports issued under Cordray and does not promise to be a regular occurrence, it provides excellent content that will allow financial s

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Rejection Time: On February 20th The Supreme Court Hears Oral Argument On The Big Question In The Tempnology Case — Does A Trademark Licensee Lose Its Rights Upon Rejection?

In the Red

The Big Question. What is the effect of rejection of a trademark license by a debtor-licensor? Over the past few years, this blog has followed the Tempnology case out of New Hampshire raising just that issue. The case has gone from the bankruptcy court , to the Bankruptcy Appellate Panel , and then to the First Circuit. Last August, I wrote about how the case could be headed to the Supreme Court.

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Comment on This Is How a 3-Second Pause Kills Live Contact and Invites a Lawsuit by Www.se7enbites.com

Arbeit Software

I constantly spent my half an hour to read this web site’s content daily along with a mug of coffee.

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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.

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How will analytics contribute to 2019 NPL reduction efforts

Qualco

Loans 40
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Spread Offense: Diversification is Key to Law Firm Marketing Efforts

NCBA Law Practice Management Blog

When thinking about how to market a law firm effectively, the question of frequency is important, especially as it relates to content marketing : get as much of your stuff out there into the world, as often as you can, and people are bound to pay attention to you. It’s not quite that simple; but, that is the gist of it. I n addition to having a lot of marketing materials in your holster, though, it’s also important to consider the breadth of your marketing attack.

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Trends In FDCPA Litigation Filed Against HOA Attorneys

FDCPA Defense

Attorneys who regularly engage in collection work for community associations have increasingly become targets for lawsuits filed by professional consumer attorneys under the Fair Debt Collection Practices Act (“FDCPA” or “the Act”), 15 U.S.C. § 1692 et. seq., and analogous state laws. These suits can be costly, distracting, and can create significant tensions between HOA attorneys and the management companies and associations they serve.

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Collections and the customer-centric approach

Qualco

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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.

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Site Gags: 3 Things to Consider When Choosing a Website Designer

NCBA Law Practice Management Blog

For my money, unless you have actually been a real-life, honest-to-goodness website designer at some point in your career, and if you're a lawyer, it's never a good idea to design and maintain your own website.? It's kind of like performing open heart surgery on yourself, and it can have the same negative effects on your business that it would on your body -- including the potential for flat-lining.?