Insights

Fintech, a portmanteau of financial and technology, is a relatively new term for most people. At first, fintech was used to refer to the various systems used in the back end of established banks and other financial systems.

Educational-related debt has garnered national attention. In fact, U.S. student loan borrowers collectively owe nearly $1.75 trillion in private and federal student loan debt, according to the Federal Reserve Bank of St. Louis.

Collateral recovery is a complex process that involves various steps, multiple stakeholders, and potential roadblocks. Following the COVID-19 pandemic, many creditors must carefully navigate additional twists and turns related to the successful recovery of their assets.

Ohio's Adult Protective Services statutes have long been on the books, however few people are aware they are mandatory reporters, and as such are mandated to report.

During the most recent Ohio Health Care Association Convention and Expo, attorney Matt Pomy presented on the topic of powers of attorney and guardianships. He focused on comparing these legal relationships and how best to approach each based on their relative strengths and weaknesses.

With COVID-19 government relief running its course, consumers and companies alike are seeking debt relief via bankruptcy again. In fact, bankruptcy rates are creeping back up and all signs point toward a steady spike in filings.

In Mortimer v. McCool, the Pennsylvania Supreme Court held that the enterprise liability doctrine can be used to pierce the corporate veil. Under this doctrine, also referred to as single-entity or horizontal liability, a plaintiff may not only pursue the corporate debtor or tortfeasor but other affiliated companies.

With so many changes occurring throughout the last two years of the COVID-19 pandemic, it's always smart to refresh your knowledge of matters impacting your collection processes.

As a creditor, it is always smart to familiarize yourself with law firms and attorneys who can assist you with all types of recovery matters, regardless of complexity or volume.

The COVID-19 pandemic over the course of the past two years has had a tremendous impact and effect on our daily lives. One area in which the pandemic had a positive impact was that it forced court systems across in the country to modernize their practices and procedures.