Insights

So, you have a loan that recently went into default. Now what? The next steps aren't always clear, especially if your contract requires pre-suit notices or you don't have valid contact information for the debtor.

Subrogation permits a company to temporarily possess the rights and duties of another by operation of law or contract and recover a debt against another. Vehicle accidents, product manufacturer negligence, and construction claims are all common forms of subrogation.

Attorney Stefanie Kempfer Collier and national manager for credit unions Dawn Pagon recently attended and exhibited at the National Credit Union Collections Alliance (NCUCA) 2023 Annual Conference in Las Vegas, NV. Now, Stefanie is sharing her top three takeaways from this informative event!

Shareholder Milos Gvozdenovic recently attended the Ohio Credit Union League (OCUL) InVest48 Conference with national manager of credit unions Dawn Pagon, and shareholders Scott Fink and Al Reis. Now, Milos is sharing his top three takeaways from this interactive event!

As bankruptcy filings have increased month-to-month over the first quarter of 2023, there has never been a better time and place to make sure that practices are in place to maximize your recovery in the bankruptcy sphere.

Shareholders Sara Costanzo and Amanda Yurechko recently attended the Monticello 2023 Utilities Credit & Collection Symposium. This conference provides an educational conference that benefits utility company attendees, industry solution providers, and sponsors.

As a general rule, debt collectors in Pennsylvania have been required to advise a consumer if their debt has passed the relevant statute of limitations and therefore cannot be successfully sued when attempting to collect on that debt.

Shareholders Sara Costanzo and Andy Voorhees recently attended the National Equipment Finance Association's (NEFA) 2023 Finance Summit in San Diego, CA. This conference serves as a meeting place for those in the equipment finance industry and offers timely industry education and in-person networking opportunities.

On February 1, 2023, The Ohio Legislature released its final analysis of the newly-passed House Bill 567 (HB 567). This Bill offered changes and additions to several areas of the law, with perhaps the most interesting change coming to Common Pleas Court dockets.

What can executives working in collections and recovery expect in 2023? Over the past few years, consumer collections has experienced its ups and downs and transformed in many ways, especially with the implementation of Regulation F. Undoubtedly, this new rule has changed the world of debt collection.