Sat.Jun 22, 2024 - Fri.Jun 28, 2024

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Understanding Your Rights and Responsibilities in Debt Collection

JMA

Ever wondered what you can do if a debt collector calls you at odd hours? Knowing your rights and responsibilities in debt collection can be a game-changer. Whether you’re a small business owner trying to collect overdue payments or an individual dealing with persistent debt collectors, understanding the rules of engagement can help you navigate.

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Florida Appeals Court Overturns Dismissal of Debt Collection Lawsuit

Account Recovery

A Florida state Appeals Court has reversed a lower court’s dismissal of a collection lawsuit filed by a debt buyer against an individual, ruling the lower court applied the incorrect law when the plaintiff was unable to serve the defendant with a summons and complaint.

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What is the role of a bankruptcy trustee in a Chapter 13 case?

Roths Child Law

When facing financial hardship, filing for Chapter 13 bankruptcy can provide a path to recovery as it reorganizes debt. As part of the process, a bankruptcy trustee oversees the case. If you are considering filing for bankruptcy, how can understanding the trustee’s role be crucial in navigating your potential Chapter 13 case? Responsibilities of a bankruptcy trustee Appointed by the United States Trustee’s office, a bankruptcy trustee manages the case from start to finish, ensuring a fair proces

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Key Qualities and Skills for an Accounts Receivable Specialist

Enterprise Recovery

Certain qualifications and skills can make a difference in your business's financial success. Consider the following traits for your A/R specialist job description and hire someone who will ensure your financial records are solid and your clients pay on time. Here are some key qualities and skills to look for in an accounts receivable specialist.

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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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Director ordered to pay back £50m to pay Company Debts

UK debt collections

Ex-BHS director Dominic Chappell has been ordered to pay £50m to cover company debts and losses the firm incurred before its collapse. A High Court judge said Mr Chappell tried to “plunder the BHS Group whenever possible” after he bought the company for £1 from Sir Phillip Green in 2015. The ex-director was imprisoned for six years in 2020 over tax evasion.

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CFPB Extends Compliance Dates for Small Business Lending Rule

Consumer Finance

The CFPB issued an interim final rule to extend compliance deadlines for the Section 1071 small business lending rule.

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The Replicarolex.sr Ultimate Collection of the Best Replica Rolex Watches Available.

FFGN COLLECT NY

When it comes to luxury timepieces, Rolex stands at the pinnacle of perfection. Known for their impeccable craftsmanship, precision, and timeless elegance, Rolex watches have become a symbol of success and sophistication. However, not everyone can afford the hefty price tag that comes with owning an authentic Rolex. That’s where replica Rolex watches come into the picture. – In the world of luxury timepieces, Rolex stands as a symbol of prestige, craftsmanship, and timeless elegance.

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Small Business Late Payment a growing issue for 1 in 5 SMEs

UK debt collections

New research from Premium Credit has shown that late payment issues are easing for SMEs but still remain a concern. Its Insurance Index, which monitors insurance buying and how it is financed, found one in five (20%) of firms reporting a growing problem with late payment of bills with 5% warning the issue has become much worse. That is substantially down on the 28% of firms saying late payment problems had worsened in the past 12 months which included 7% saying it had become much worse when the

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District Court Judge Grants Motion to Compel Arbitration in FDCPA Case

Account Recovery

On remand from the Court of Appeals for the Third Circuit, a District Court judge in New Jersey has granted a defendant’s motion to compel arbitration after it was accused of violating the Fair Debt Collection Practices Act, The Background: The case arose from the defendant’s collection letters, which the plaintiff claimed were misleading and […]

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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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Mastering the Art of Payment Follow-Up: How to Turn Overdue Invoices into Timely Payments

JMA

Ever felt like you’re playing hide and seek with your payments, but the payments are always winning? For small business owners, unpaid invoices and late payments can feel like a game you didn’t sign up for. Chasing down overdue payments and outstanding invoices isn’t just frustrating; it can seriously mess with your cash flow and. Read more » The post Mastering the Art of Payment Follow-Up: How to Turn Overdue Invoices into Timely Payments appeared first on JMA Credit Control.

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Away Game: Law Firms Need Policies for Remote Workers

NCBA Law Practice Management Blog

Working from home ain’t the same as working in the office. I mean, you can’t do your laundry at the office – unless you have a really nice office setup. Now, the thing that’s interesting is that most law firms – most employers, I would go so far as to say – treat in-office and virtual employees the same way. That’s a combination of inertia, and a failure of imagination.

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HMRC ‘sorry’ for Terminally ill Pensioner’s Debt Collectors threat

UK debt collections

A pensioner who is terminally ill has been threatened with debt collectors by HMRC , after he didn’t receive confirmation that he had paid the correct tax bill. HMRC has been accused of threatening a terminally ill 92 year old man with debt collectors. A reader of The Guardian newspaper wrote in to share that “he is 92 and doesn’t actually owe the money , but there is nothing he can do to stop the tax demands coming” The reader, identified as JP, explained: “HMRC ha

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Daily Digest – June 28. Collector Facing FDCPA Suit Over Text Messages; District Court Judge Grants Motion to Compel Arbitration in FDCPA Case

Account Recovery

Collector Facing FDCPA Suit Over Text Messages District Court Judge Grants Motion to Compel Arbitration in FDCPA Case Job Switching Remains Popular, But Switchers Getting Smaller Raises Than During ‘Great Resignation’ Staffing, Turnover, Denials are Big Issues for Healthcare Providers: Panel WORTH NOTING: If your house is like our house, reliable WiFi is an issue.

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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.

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know about fake watches

FFGN COLLECT NY

Here are ten things you need to know about fake watches on replicamades.is The post know about fake watches appeared first on Frank, Frank, Goldstein & Nager.

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Rite Aid bankruptcy plan approved, cutting $2 billion in debt

Collection Industry News

A U.S. bankruptcy judge on Friday approved Rite Aid’s restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders. U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid’s bankruptcy plan at a court hearing in Trenton, New Jersey, saying that the restructuring had saved the company from having to shut down and liquidate operations.

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Law Firm Manager stole £176k from Clients Account

UK debt collections

A former Law Firm manager who transferred thousands of pounds from client accounts has said she was trying to stop the business from failing. Jacque Aitken, an Office Manager employed by Hampshire law firm Simpkins & Co Solicitors for eight years, admitted transferring money from the client account to the office accounts on two matters without the client’s knowledge or consent, according to a Solicitors Regulation Authority (SRA) decision notice.

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Daily Digest – June 27. Getting to Know Linda Woodward of Content Critical Solutions; Judge Dismisses FDCPA Unpaid Rent Suit for Lack of Standing

Account Recovery

Getting to Know Linda Woodward of Content Critical Solutions Judge Dismisses FDCPA Unpaid Rent Suit for Lack of Standing Florida Appeals Court Overturns Dismissal of Debt Collection Lawsuit CRM Platform Creatio Raises $200M at $1.

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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.

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which were sold online.

FFGN COLLECT NY

replicamades.is At uk best Replica Watches which were sold online. The post which were sold online. appeared first on Frank, Frank, Goldstein & Nager.

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Barron & Newburger’s Latest Risk Management Guidance

BN Lawyers

Here’s the latest risk management guidance, published in May 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – Be Wary Scams and Frauds-Continue to Dupe Lawyers Out of Client Money – May 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.

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British Gas Apologises for Debt Collection Agency Error

UK debt collections

British Gas has apologised after it told a customer it was sending his details to a debt collection agency for a £2,500 bill which the energy supplier had charged in error. John Spink received a letter in April saying he owed the large sum following months of seeing his gas and electricity bills spiral after he had a smart meter installed in his home.

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Provana Strategically Expands Revenue Cycle Management Solutions

Account Recovery

Provana, a highly specialized knowledge process management provider, announced today that it is expanding its footprint in tech-enabled end-to-end revenue cycle management solutions through a strategic growth strategy. With the recent acquisitions of five specialized revenue cycle companies, Provana further adds to its depth and expertise, positioning it as a revenue cycle leader serving the specialty practice arena.

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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?

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BIS sends government debt warning before important elections

Collection Industry News

LONDON, June 30 (Reuters) – The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets. Dubbed the central bankers’ central bank, the BIS said the world economy was on course for the “smooth landing” that many economists doubted when interest rates shot up, but said policymakers, especially politicians, needed to be careful.

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TRAKAmerica Acquires KnovaOne

Account Recovery

Global expansion to bring innovative, efficient, and compliant solutions to clients and service providers facing cost challenges and capacity constraints. BONITA SPRINGS, Fla., June 25, 2024 — TRAKAmerica (Data Search NY Inc.) is pleased to announce the acquisition of KnovaOne, a fast-growing business process outsourcing company with demonstrated legal and accounts receivable management industry experience.

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State Appeals Court Overturns Dismissal of FDCPA Class-Action Involving 11k Class Members

Account Recovery

The Superior Court of New Jersey Appellate Division has reversed a previous dismissal of a class-action Fair Debt Collections Practices Act claim that accused the defendant used misleading debt-collection form letters, which threatened negative credit reporting despite the debts already being reported.

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Daily Digest – June 25. Collector Accused of Denying Plaintiff Opportunity to Communicate via Email in Email; State Appeals Court Overturns Dismissal of FDCPA Class-Action

Account Recovery

Complaint Accuses Collector of Denying Plaintiff Opportunity to Communicate via Email in Email State Appeals Court Overturns Dismissal of FDCPA Class-Action Involving 11k Class Members Judges Block Latest Student Loan Debt Relief Plan from Going into Effect More Consumers Living Paycheck-to-Paycheck WORTH NOTING: Experts share tips on how to improve your memory so you never […]

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?