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Barron & Newburger is proud to announce that Brit Suttell has been elected to the Board of Directors of the National Creditors Bar Association. Ms. Suttell works in the Pennsylvania office of Barron & Newburger, P.C. where she is a member of the firm’s Consumer Financial Services Law Practice Group. Ms. Suttell is experienced in the creation, implementation and administration of policies, procedures, and compliance management systems.
Most businesses will eventually need to borrow money or enter into a lease agreement. Whether it’s venture capital to get new technology off the ground or a lease for office equipment, financial transactions like these happen. There’s nothing wrong with this – it’s a standard course of business in many industries. In fact, some industries thrive on utilizing their debt efficiently to make the most of their cash flow.
A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. A payment is considered late 30 days after an invoice is sent or after goods get to the client. Subsequently, the consumer officially becomes a debtor.
As part of our ongoing commitment to add value to member businesses, each year we review the services offered to members in addition to the benefits they receive from their annual membership fee. As part of this review we assess our yearly events across a number of different criteria, and after careful consideration, from 2020 onwards, the Board of the Association has decided to replace our annual Members?
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?
The NEUCC is an organization run by volunteers from the northeastern U.S. utilities industry. Their Credit and Collection Conference is geared towards assisting members in addressing their revenue cycles with new strategies. Collections, credit, payment processing, field services, and customer service are all topics to be discussed at NEUCC. Representatives of electric, gas, and water… The post 2019 NE Utilities Credit & Collection Conference (NEUCC) appeared first on Optio.
Whether a business falls behind due to cash flow problems or unexpected legal trouble, debt can pile up quickly in tight situations. Dealing with debt collectors is stressful enough for most companies. Receiving a court summons from a debt collector is the last thing a business wants after dealing with their financial problems. A court summons can be frightening – most companies, especially small businesses and sole proprietors, don’t know what to do with one when they receive it.
Whether a business falls behind due to cash flow problems or unexpected legal trouble, debt can pile up quickly in tight situations. Dealing with debt collectors is stressful enough for most companies. Receiving a court summons from a debt collector is the last thing a business wants after dealing with their financial problems. A court summons can be frightening – most companies, especially small businesses and sole proprietors, don’t know what to do with one when they receive it.
Almost every state bar association ( including yours , by the way) has adopted a new comment (inspired by the American Bar Association Model rule) to Rule 1.1 respecting lawyer competence. In essence, the comment indicates that a lawyer’s competency is, in part, based on her familiarity and understanding of technology. This comment has recently been adopted, but it was probably long overdue.
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