Debtor Daddy

DECEMBER 11, 2019

Make 2020 the year of avoiding the pains (and costs) of mishandled accounts receivable (AR). Establishing an effective AR process is a crucial part of running a successful business (and our accounts receivable software makes it easy!). It can also bring a whole raft of benefits to the table – it positively impacts marketing, sales, customer service, and overall operations.

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Debtor 93

BN Lawyers

DECEMBER 10, 2019

The United States Supreme Court has affirmed the Third Circuit Court of Appeals’ decision in Rotkiske v. Klemm , holding that Section 1692k(d) of the FDCPA “unambiguously sets the date of the violation as the event that starts the one-year limitations period.” The decision overrules cases from multiple circuits that have allowed application of the “discovery rule” in FDCPA cases.

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Luftman, Heck & Associates.

DECEMBER 9, 2019

When there is consistently more month than money and your financial situation continues to deteriorate due to job loss, medical bills, or consumer debt, it may be time to consider your legal alternatives. Among the options available is bankruptcy for married couples. Besides determining if you qualify for filing Chapter 7, where your debts are discharged, or qualify for filing Chapter 13, in which you have a repayment plan, you Read More.

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Bankruptcy 52

Katabat

DECEMBER 9, 2019

In November, Kyle Christensen and I had a lot of fun leading two TECHtalk roundtable discussions at CollectTech 2019 where attendees joined us in lively conversations about key opportunities facing the industry. One group spoke about ways to leverage the proposed CFPB rule changes to their advantage, while the second tackled the role played by the likes of Snapchat, Instagram and Venmo in driving the digital payment revolution.

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Collections Lender Debt collector Financial services 52

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.

NCBA Law Practice Management Blog

DECEMBER 7, 2019

Lawyers are trained to be risk-averse, and to cling to the status quo.? Because lawyers manage law firms, change within those law firms happens at a glacial pace.? Yet, while law firms cling to the status quo, upstarts in other industries redefine life and culture.? Not that law firm managers need to be out to change the world, writ large.? They just need to change their own worlds, just a little bit.

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Law Firms Lawyers Creditors 52

Hudson Weir

DECEMBER 12, 2019

When it comes to insolvency practitioner fees, there’s no one-size-fits-all approach. . Fees for a licensed insolvency practitioner (IP) usually fall into one of two categories: pre-appointment fees or post-appointment fees. An IP must be transparent when disclosing the details of fees for work undertaken. For further information, please review the relevant Statement of Insolvency Practice. .

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Creditors Trade Collections 40

Consumer Finance Watch

DECEMBER 12, 2019

Wayne Streibich , Diana M. Eng , Jonathan M. Robbin, Scott E. Wortman , and William L. Purtell. The Supreme Court of the United States (“Supreme Court”) recently affirmed the Third Circuit’s decision holding Fair Debt Collection Practices Act (“FDCPA”) claims are subject to a one-year statute of limitations from the date of an alleged violation and rejecting the Fourth and Ninth Circuit’s adoption of a broad “discovery rule.

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Fair Debt Collection Credit Card Debt Judgment Debt collector 40

Taurus Collect

DECEMBER 9, 2019

According to a recent trade credit report from Credit Insurer Atradius, UK companies saw an increase in invoice collection last year (61%), up from 54% in 2018. Despite the apparent improvement in invoice collection, it still remained that 35% of invoices produced by UK businesses were outstanding beyond payment terms. And the outlook appears to be that it is only going to get worse.

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Debt RR

DECEMBER 13, 2019

U.S. businesses have a mounting debt. Forbes estimates large companies with nonfinancial corporate debt account for 48% of the country’s GDP at $10 trillion. Small- to medium-sized businesses account for another $5.5 trillion, bringing the total to 74% of the U.S. GDP. Adding to the problem is a weak economy heading into 2020. This leaves businesses struggling to maintain revenue while debt continues to pile up.

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Debt collector Debtor Bankruptcy Creditors 41

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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