Sat.May 09, 2020 - Fri.May 15, 2020

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State by State Reopening Update

Receivables Control

During the last couple of weeks, states across the United States began to relax restrictions that were implemented to curb the spread of Covid-19. Below is a snapshot of what the various states are doing to reopen. This list was created on May 11, 2020 and it is subject to change quickly as the health, economic, and political landscapes continue to change rapidly.

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How to Make Sure Your Business Survives a Financial Crisis

Direct Recovery

Planning for a financial crisis isn’t one of the first things that come to mind when someone starts their own business, but at various times over the past few years, it has been something that millions of business owners wish they had spent more time thinking about. Most people who struggle through a financial crisis will tell you that they never saw it coming, so with that in mind, the best way to be sure that you are preparing your business to survive the next one is to always be ready for the

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What to Look for in a Free Financial Management App

Debt Guru

Keeping on top of your personal finances requires a lot of energy. But today, your financial organization can be at your fingertips … literally. As close, in fact, as your cellphone. With mobile banking on the rise, a wave of financial apps has emerged as the convenient way to monitor and track your finances. Use these tools in virtually every aspect of your personal finances.

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Seven Staff confirmed with Covid-19 at Debt Collection firm

UK debt collections

Seven staff at a Debt Collection Call Centre in Lancashire have tested positive for Covid-19 after employees were ordered to return to work. Preston based Debt Collection firm Akinika had originally closed its doors on the 11th May after a member of staff had tested positive on Saturday the 9th with the Coronavirus. The closure was for a “deep clean” of the Premises after telling staff that a fellow employee had tested positive.

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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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Chapter 13 Bankruptcy: Can You Buy Or Sell A House ?

Luftman, Heck & Associates.

After filing for Chapter 13 bankruptcy, you give up a lot of financial control to your bankruptcy trustee. Even though you keep possession of your property, like a home, it becomes part of your Chapter 13 bankruptcy estate. The trustee manages this estate and makes major financial decisions that affect your property. This includes buying or selling a home.

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Property Managers! Accept the role of collections daily to reduce delinquency.

Click Notices

The everyday activities of handling multi-family property management combine for one primary purpose: obtaining rent. Collecting rent can be challenging and frustrating for property managers at any time, but it is notably more challenging at this time, due to the recent increase in unemployment rates and uncertainty as to eviction moratorium policies.

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Details released of Emergency Covid-19 Insolvency and Debt Recovery reforms

UK debt collections

The Business Secretary Alok Sharma will be given new powers to help company directors during the current pandemic. This will enable him to extend deadlines for company filings amongst other new measures. The majority of the new measures are aimed at providing Limited Companies maximum survival chances. It is said it will help protect jobs and aid the Country’s economical recovery post Coronavirus.

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Background Screening Benefit from New Technology

Micro Bilt

Businesses that are hiring during these trying economic times are now facing massive floods of applicants for available positions.

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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

Key Takeaways. The FICO XD credit scoring model is a new credit scoring model that utilizes alternative credit data. The FICO XD scoring model now provides millions of consumers access to a credit score, that were once overlooked, mostly from a lack of data. Fico XD helps young adults, immigrants, and those with past credit challenges that resulted in closing all credit accounts.

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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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Employee Spotlight: LaTonya Coleman

Click Notices

LaTonya is an Account Manager at ClickNotices. As an account manager, LaTonya deals with all facets of the company. Whether it is training a new client on how to utilize the platform, troubleshooting errors, tracking judgments, or checking in on her clients, you can be sure LaTonya is using her superior customer service, and problem-solving skills garnered from 20 plus years of customer service working for government agencies such as FEMA and USPS and- 10 of those years being in Property Managem

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Boilerplate Special: Modern Fee Agreements Should Contain Technology Provisions

NCBA Law Practice Management Blog

When it comes to engagement agreements, law firms often practice a ‘less is more’ philosophy. Doing what is ethically required in terms of identifying rates and scope of representation covers what you need to tell your clients; but, it may not be all that you want to tell your clients. M odern law firms, as well as modern legal consumers, can also focus on important additional clauses.

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Controversy Over SBRA’s Retroactivity

PBWT

Our February 26 post entitled “SBRA Springs to Life” [1] reported on the first case known to me that dealt with the issue whether a debtor in a pending Chapter 11 case should be permitted to amend its petition to designate it as a case under Subchapter V, [2] the new subchapter of Chapter 11 adopted by the Small Business Reorganization Act of 2019 (“SBRA”), which became effective on February 19, 2020. [3] Since then, three more cases have considered the issue, and two of

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Managing Credit Through The Recovery – by Sue Chapple FCICM

CICM

13 May 2020. I took part last week in a forum of senior credit professionals as part of our new Managing Credit Through the Recovery programme. With the immediate crisis coming to an end, in many ways the difficult work starts from now as reduced sales and declining productivity through Q2 start to hit and collecting the cash becomes increasingly difficult.

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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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Business continuity in times of COVID -19

Debt Recoveries

Sooner or later our economy will need to return even if not 100%. There will be businesses that will be suffer but there will also be new businesses that will born. In this time of quarantine let us discuss opportunities you can do for your business continuity. Safety first. Start with monitoring your current organization, make sure all the team members are safe and okay.