This message contains images. If you don't see images, click here to view.
Advertise in this news brief.




Text Version    RSS    Subscribe    Unsubscribe    Archive    Media Kit Jan. 8, 2014

Home   About Us   Search The List   For Forwarders   For Listees   Bonding Program   Industry Resources  

 



 Quickly

Law firms and collection agencies encourage their clients to turn over collections accounts as quickly as possible. And for good reason: Obviously, the older a claim becomes the less collectable it becomes. Accounts that are 90 days old are more collectable than accounts that are six months old.

So, in the process of collection, don’t sit on those receivables, but turn them over to your law firm sooner rather than later. And here are seven reasons why:

1. Slippery debtors. Businesses, bank accounts, people, jobs, etc. can change quickly -- and without notice.
2. Lost evidence. As time passes, you may discover data, documents, witnesses, employees, transaction details, and other things fading or disappearing.
3. Statutes of limitations. Your claim may become noncollectable sooner than you thought.
4. Bankruptcy. It doesn’t take much for a debtor to discharge your claim via bankruptcy.
5. Unexpected events. A surprise can derail a claim, preventing you from collecting.
6. Shorter collection times. Know which industries require them.
7. Other creditors. Move too slowly and you may lose out to more aggressive creditors.

Do you have other good reasons? Please share them with me at tom@alqlist.com. Thanks.

Thomas W. Hamilton




 Industry News


What's terrible about the TCPA? Almost everything
Corporate Counsel
There are laws worse than the Telephone Consumer Privacy Act. Yet, if you are a U.S. business, you will be hard pressed to identify one with more irrational remedies for worthy objectives.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Overcoming unexpected occurrences in the courtroom
The Legal Intelligencer
The courtroom is a foreign place for most individuals outside of the legal profession. In fact, most nonlawyers do everything in their power to avoid any interaction with the judiciary whatsoever, from jury duty to even more unpleasant court-mandated appearances.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Collection law...a little knowlege goes a long way
By Steve Harms
Often times a collector is on the phone trying to convince a delinquent debtor to pay up for goods which were sold and delivered, but not paid for. The debtor often uses a tactic of trying to throw the collector off track by claiming a "legal defense" to the claim.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


PRODUCT SHOWCASE
  Fully Integrated Billing & Payments

Accept all payment types through your accounts receivable software. Our customers know the power of integration. Saving you time and money is how we judge success.
• Accept Check and Credit Card Payments
• Eliminate double entry and posting challenges
• Achieve PCI Compliance
• Securely Store Data and Receive Funds Quickly

 


Commercial debt collection placements increase in Q3, but still down in 2013
By Annette Waggoner
Annette Waggoner, executive director of the Commercial Collection Agency Association of the Commercial Law League of America, reports that in the third quarter 2013, the number of commercial accounts placed with CCAA members increased by 14.49 percent when compared to the second quarter 2013.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


CFPB questions corporate 'payroll' cards
Corporate Counsel
Mastercard Inc. heeds the Consumer Financial Protection Bureau's warning to install consumer protection measures for workers using "payroll" cards to receive wages.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


Worrisome spike in student loan write-offs
American Banker
The dramatic rise in student loan volume is a worrisome trend for policymakers. The surge in write-offs comes as more banks shut down their student loans operations.
Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
READ MORE


What our clients have to say:
ALQ has provided exceptional service to our agency since we shifted our focus towards the legal collection market. They are in touch with the firms and agencies needs and do a thorough evaluation before any recommendation. The screening process ALQ employs cuts down on the interview process and ensures the agency is provided with a list of potential firms that fits their needs. ALQ provides excellent customer service and experience… the staff is always accessible and welcoming. You can always trust the folks at ALQ will treat the relationship with the utmost importance and care.

— Noubar Assadourian, JD Vice President - Operations, American Recovery Service Incorporated, Thousand Oaks, Calif.

American Lawyers Quarterly is an important strategic partner for our firm. ALQ's staff is knowledgeable and clearly conveys potential solutions and alternatives to their clients in need of legal services. ALQ has proven to be innovative, thorough, and professional with all aspects of their services and communications. We look forward to continuing our long relationship with American Lawyers Quarterly, and it is our pleasure to recommend them whenever we have the opportunity.

— Daniel C. Kerrick, Esquire, Ciconte, Wasserman, Scerba & Kerrick, LLC, Wilmington, Del.


Upcoming Events

Jan. 15-17, 2014
IACC 43RD Annual Conference
Miami Beach, Fla.

Jan. 19-20, 2014
NARCA Attorney Workshop

Hotel Monteleone — New Orleans

Feb. 22-25, 2014
CLLA Legislative Day
Washington, D.C.


Complete schedule of events


 

American Lawyers Quarterly eNews
Quality list, Quality service, Quality people

Thomas W. Hamilton, Executive Vice President, ALQ
Contribute news

Colby Horton, Vice President of Publishing, 469.420.2601
Download media kit

Lee Escobedo, Content Editor, 469.420.2663   
Contribute news

This edition of the American Lawyers Quarterly eNews was sent to ##Email##. To unsubscribe, click here. Did someone forward this edition to you? Subscribe here -- it's free!
Recent issues
Jan. 8, 2014
Dec. 1, 2014
Dec. 25, 2013
Dec. 11, 2013



7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063