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 Confidence

ALQ is proud of the quality of its listees. Let me take you behind the scenes at www.alqlist.com and reveal our successful process for finding and qualifying the premier law firms in collection and bankruptcy.

Step one is finding good candidates. Sometimes they find us. It might be a referral. Or through personal encounters at association events and conferences around the world.

Then there's the application. Ours is quite comprehensive, yet easy to complete using editable PDFs. How much collection experience does the firm have? Does it honor CLLA operative guides and/or NARCA code of conduct? Are they CLLA, IACC and/or NARCA members? Will the firm work on a contingent basis? Are they great lawyers, good people and skilled at running their practices?

We then determine if the applicant is a good fit, financially sound, in good standing with the bar association and more. Professional references — judges, lawyers, bankers — are contacted.

Finally, we continuously monitor and evaluate our listees because situations change. Forwarders help by providing confidential feedback about their experiences with our listees.

This is just a summary. Please reach for me if you'd like a more complete view.

Thomas W. Hamilton




 Industry News


'Busting' the trust
by Richard A. Klass
Generally, a trust can be made invincible — no one can gain access to the moneys or property contained in it, not even the beneficiary. The "settlor" (the one who sets up the trust and funds it) appoints a trustee who will carry out his/her wishes and follows the directions contained in the trust document. While recognizing that the general purpose of a discretionary trust is to protect the trustee from unreasonable demands of a beneficiary or from creditors' claims, it does not insulate or protect the trustee from responsibility to and reasonable directions from a court. The issue of "busting" a trust set up by a grandparent for the benefit of a grandchild was brought up in a case over 40 years ago, in a case of first impression, before the beneficent Surrogate of Kings County, Judge Nathan Sobel.
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Collections 101 for campaign professionals
by Richard S. Sternberg
The elections are over. You won some. Maybe, you lost some. Many campaign professionals are satisfied by their clients' successes, but they get stiffed after the campaign is over. They are the clear losers in the process. Sometimes, the hometown staff convinces the candidate that the campaign professional's services were insignificant. Often, there was a disagreement during the heat of the election campaign. But, if you are going to remain a campaign professional, you need to treat your work as a business and treat the politicians as business customers. Now that the campaign is over and you haven't been paid, you can evaluate your unpaid campaign contracts for enforceability.
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Management of an international commercial collection claim
by Rebecca Robitaille
In this era of glabalization, it's imperative that one has a good understanding of the fundamentals of international collection work in order to protect their interests worldwide. Along with some patience, efficient file management can really open up the potential for success. What is needed to commence an international collection claim? What are some of the challenges experienced in international collection work, and how can they be met?
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How Chapter 11 saved the US economy
Forbes
It's no surprise that Harvard Business School professor Stuart C. Gilson gave an enthusiastic thumbs-up to the recently announced $11 billion US Airways/American Airlines merger. The deal, which came after American's parent company, AMR Corporation, declared bankruptcy in November 2011, will allow the airline to work with the court to restructure and unload a significant amount of its debt, giving an iconic company "a second bite of the apple," says Gilson.
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Small business bankruptcies falling, incomes rising
Blue Maumau
The Small Business Administration says that small businesses continue to show signs of economic recovery. The Administration's Office of Advocacy says that the most promising indicators are the declining number of small business bankruptcies and the growing income (operating profit) of their proprietors.
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US commercial bankruptcies lower than a year ago
Reuters
U.S. commercial bankruptcies continued to fall in February from the pace in 2012, although the number of filings ticked up from January. Commercial Chapter 11 bankruptcies fell 21 percent to 609 in February from a year earlier, the American Bankruptcy Institute said in a report based on data from Epiq Systems Inc.
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What our clients have to say:
We have enjoyed a strong business relationship with ALQ for 65 years. We rely on them to recommend quality collection attorneys throughout the United States. ALQ provides a wealth of useful information on its listees which assists us in making intelligent decisions on whom to forward work. We find their listees to be knowledgeable, responsive and high performers.

— Charles G. Pona, Managing Partner, Consumer Collections, Weltman, Weinberg & Reis Co., L.P.A., Cleveland, Ohio

It is a great pleasure to be listed at the American Lawyers Quarterly. We understand that the ALQ is a top quality list and that the best national and international professionals are named in this prestigious roster. Whenever we need to search a reliable professional in different countries, ALQ is one of the best engines to get the connection. ALQ has also conducted a great deal of attention into the international environments as Nancy and Tom have been attending several overseas meetings every year such as FENCA, LIC, GCS, etc. Finally, we would say that if you are not listed on this top qualified roster, you're not just losing opportunities, but you are not integrated into the worldwide best professional's market.

— Octavio Aronis, Attorney, Aronis Advogados, Sao Paolo, Brazil


Upcoming Events

April 11-14, 2013
Commercial Law League of America 83rd Chicago/Spring Meeting & 119th National Convention
Westin Michigan Avenue Hotel — Chicago

May 8-11, 2013
National Association of Retail Collection Attorneys Spring Collection Conference
Caesar's Palace — Las Vegas

July 13-14, 2013
IACC Midyear Conference
Manchester Grand Hyatt – San Diego

Complete schedule of events


TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Supreme Court decision clears the air on recovering costs in successful FDCPA defense cases (WW&R Advisory)
State shuts down two debt collectors in Buffalo, N.Y. (The Buffalo News)
Big banks face investigation into whether they helped debt collectors pursue faulty judgments (Reuters via The Huffington Post)
A deal between debt collectors (The Motley Fool)
Credit and risk management through 2010 to 2013 (by Neil Wood, Chairman, GCS Risk)

Don't be left behind. Click here to see what else you missed.


 

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Thomas W. Hamilton, Executive Vice President, ALQ
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Colby Horton, Vice President of Publishing, 469.420.2601
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