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With a new decade commencing, there is no shortage of retrospectives. I believe 2019 will be remembered as a critical transformational year for the debt collection industry. Long-percolating patterns and pressures firmly coalesced around permanent shifts in digital consumer behavior (hello, TikTok!), late-cycle upticks in consumer credit default (the trough was actually WAY back in 2015), dramatic changes in technology for the industry, and meaningful new regulatory guidance.
Every December, your law firm shuts down, so that you can send out holiday card s. It’s not just about getting the contact l i st together. It’s about selecting the cards. And, getting the message right. And putting them in envelopes. And stamping them. And mailing them. And, the n. Your card gets throw n o n a pile with thousands of others, without even being looked at, before it’s recycled.
Introduction Businesses must first have financing in order to undergo a successful turnaround. The key to planning a successful turnaround is finding the right financing… The post Financing a Corporate Turnaround appeared first on Brown & Joseph, LLC.
By: Morgan C. Liptak. St. John’s University School of Law. American Bankruptcy Institute Law Review, Staff Member. Under section 1123(a)(4) of title 11 of the United States Code (the “Bankruptcy Code”), a reorganization plan should provide equal treatment for each claim of a particular class, unless the claim holder specifically agrees to less favorable treatment. [1] In In re Peabody Energy Corporation , the United States Court of Appeals for the Eighth Circuit held that “consideration for valu
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
A party who believes that a bankruptcy court erred in either granting or denying relief from the automatic stay needs to act fast to appeal such a decision. In the recently decided case of Ritzen Group, Inc. v. Jackson Masonry, LLC , the U.S. Supreme Court held that: “[A]djudication of a motion for relief from the automatic stay forms a discrete procedural unit within the embracive bankruptcy case” which “yields a final, appealable order when the bankruptcy court unreservedly g
Collecting on your bad debt isn’t always an easy process and can be dragged out if you are not taking the most aggressive and relentless methods when dealing with your debtor. This is something that Lawre Casler of Mass-Con Equipment, Inc. learned the hard way before turning to the Law Offices of Alan M. Cohen LLC for help with bad debt collection. What he discovered when partnering with us is that our post-judgment collections tactics are both ethical and aggressive enough to yield results that
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Collecting on your bad debt isn’t always an easy process and can be dragged out if you are not taking the most aggressive and relentless methods when dealing with your debtor. This is something that Lawre Casler of Mass-Con Equipment, Inc. learned the hard way before turning to the Law Offices of Alan M. Cohen LLC for help with bad debt collection. What he discovered when partnering with us is that our post-judgment collections tactics are both ethical and aggressive enough to yield results that
More Americans than ever now own phones, tablets, and computers, and they expect these devices to play an important role in the delivery of their healthcare. That's just one reason telehealth services grew 643% between 2011 and 2016. It's also why fewer people retain a primary care doctor. In 2020, healthcare providers can expect these convenience care trends to continue, and this may be bad news for many of them.
By: Ross Weiner. St. John’s University School of Law. American Bankruptcy Institute Law Review , Staff Member. Under section 363 of title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor-in-possession may sell the debtor’s assets. A trustee may avoid such a sale or recover damages if the sale process is controlled by collusion.
When you first send out an invoice to a customer, the last thing on your mind is debt recovery and what you will do to collect it. In fact, as a small business, debt recovery is probably the most important thing you should consider, and can often be the difference between a long and successful business, and a very short-lived, insolvent one. The key to debt recovery for small business is really to have a very simple system in place for when things go bad.
By: Justin Henderson. St John’s University School of Law. American Bankruptcy Institute Law Review Staff Member. The United States Court of Appeals for the Fifth Circuit, in SEC v. Stanford International Bank, Ltd. , held that the United States District Court for the Northern District of Texas abused its discretion when it approved a settlement that would preclude third-parties from bringing claims against the debtor’s insurers (the “Underwriters”). [1] As a result of a ponzi scheme
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
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