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15 December 2021

Weltman's Top 7 News and Insights: A Look Back at 2021


In 2021, Weltman published over 60 informative blogs, shared 12 interactive webinars, and posted daily on our LinkedIn, Facebook, and Twitter pages to help our followers stay up-to-date on the world of collections. Now, we want to share our top seven blogs of the year!


In anticipation of the launch of the Consumer Financial Protection Bureau (CFPB)’s Regulation F, our team of professionals shared insights on how this new Rule will change the world of debt collection.

Read the full blog here



On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (Act), which has since been signed by the President. Under the terms of the Act, individual taxpayers receive a second round of stimulus funds. The majority of these funds were electronically deposited into the customer’s account. Shareholder Daniel Best breaks down what this means for the world of collections.

Read the full blog here.



This year, Weltman announced the relocation of its Columbus, Ohio office from Grove City to Dublin. The newly renovated office space is located at 5000 Bradenton Avenue, Suite 100, Dublin, OH 43017. 

“This move comes at an exciting time for our firm,” said Chuck Pona, managing partner for Weltman. “The new office is in a prime location that’s easily accessible to restaurants, hotels, and retail shops for our valued employees and clients. Our team is eager to serve our clients in this beautiful space.”

Read the full announcement here.



As the effects of the COVID-19 pandemic continue to drive the U.S. economy, chapter 7 and 13 bankruptcy filings are bound to accrue across the nation’s courtrooms. While 2020 experienced an all-time low for bankruptcy filings (the lowest number since 1985), this trend will likely take a drastic turn as government relief expires, and individual consumers and businesses can no longer delay.

Read the full blog here.



An IRS Regulation generally requires banks, credit unions, and some other entities to file a Form 1099-C to report a discharge of indebtedness whether or not an actual discharge of indebtedness has occurred. What is the difference between a discharge and an actual discharge? 

Read the full blog here.



The Supreme Court of Ohio delivered some good news to commercial creditors that utilize cognovits promissory notes to help secure performance of repayment obligations. In Sutton Bank v. Progressive Polymers, LLC et al., 2020 Ohio 5101, the court reversed a decision from the Eleventh District Court of Appeals and held that a cognovits note provision was not defective when the creditor used the required statutory warning language which displayed the clear intent of the parties.

Read the full blog here



Probate recovery is a technical and time-sensitive procedure. As a creditor, it’s important to create a solid strategy for your collection process to stay prepared, maximize your recovery, and protect your brand image. Our probate recovery team has created a step-by-step guide to help your organization in the recovery process.

Read the full blog here.


For continued news, alerts, and insights, visit our website here. We also encourage you to subscribe to our email list to receive the latest information in the creditors’ rights world to your email inbox.

These blogs are not a solicitation for business and it are not intended to constitute legal advice on specific matters, create an attorney-client relationship or be legally binding in any way.
 
 
 

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