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 Bonding

Although extremely rare, it is possible that at some point you will find yourself dealing with an agency or attorney who for reasons within or outside of their control, committed an act of embezzlement, larceny or theft. It’s very disconcerting when this kind of situation occurs because it not only affects our sense of trust with others in our industry, who should understand the gravity of these acts more acutely, but it also can result in a highly negative situation with a client who entrusts us with their claims believing they will be handled with extreme care and consideration.

If an attorney fraudulently does not remit funds related to the claim that was forwarded to them, the ALQ’s bonding program can at least be a part of the financial and moral safety net, provided that you have taken the steps required to bond the claim with ALQ.

The American Lawyers Company provides a total of $3,500,000 in bonding insurance coverage through our bonding insurance company, Chubb Insurance Group. This bond can protect all the parties related to the payment of a claim in which listees have not properly remitted or accounted for the monies collected. Please visit our website to learn more about this highly effective and completely free bonding program.

It’s all about peace of mind.

Thomas W. Hamilton


 Industry News


Webinar announcement: 6 Steps for Building Executive Presence
ALQ
Six Steps for Building Executive Presence

We are always impressed when we observe a person who has a certain magnetism about him or herself. When they walk into a room they have a presence and communication flair that makes people around them want to sit up and listen. American Lawyers Company is delighted to have a very well known Chicago native, Josette Goldberg Klopfer, share her long term experience helping hundreds of executives learn how to present a positive, persuasive, and effective presence with clients, business associates, and future prospects. This is a must attend webinar for those who would like to become a person with that "special gravitas."

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6 things debt collectors wish you knew
Credit.com via Yahoo Finance
The author is a debt collector whose job it is to work on behalf of creditor clients to recover rightfully owed debts from consumers. The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate consumers.
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IACC and CLLA announce new strategic alliance
IACC
The International Association of Commercial Collectors, Inc. (IACC) and the Commercial Law League of America (CLLA) announced recently that the two associations have reached an agreement on a strategic alliance between them. The alliance focuses on the production of a single, premiere certification program for commercial collection agencies that elevates professional standards while limiting duplicative efforts.
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Over 50 percent of very late payments went uncollected by businesses in the Americas
PRNewswire via Yahoo Finance
Over half of the value of B2B receivables more than 90 days overdue were written off as uncollectable by businesses in Brazil, Canada, Mexico and the U.S. The September 2014 edition of the Atradius Payment Practices Barometer, a survey of B2B suppliers in Brazil, Canada, Mexico and the U.S., found that, on average, 38.4 percent of the total value of survey respondents' B2B receivables were unpaid by the due date.
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Quick run down on how to hedge against foreign exchange risks
CreditBytes
Foreign exchange is a risk that is often overlooked by small and medium-sized enterprises (SMEs) that wish to enter, grow and succeed in the global market­ place. Although most U.S. SME exporters prefer to sell in U.S. dollars, foreign buyers who are creditworthy are increasingly demanding to pay in their local currencies.
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Is there a future for technology in the collection industry?
American Banker
In an American Banker article, ACA members explain the challenges debt collectors face when the laws regulating the credit and collection industry fail to keep up with the technology available for communicating with consumers.
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What our clients have to say:
Being listed with ALQ for almost two decades, as international listee in France, I believe I have some hindsight on the level of professional services provided by ALQ. ALQ is clearly THE reference in the debt collection industry and THE list to go to when selecting an attorney. It is also a great resource for my daily practice in terms of referrals, which have always increased over the years through my listing with ALQ, as well as a wonderful resource for professional networking in the industry. I can only but recommend ALQ.

— Paul de Drée, Avocat, Paris, France

ALQ has no competitors in the law list industry. We have utilized their services exclusively since 1976. The ALQ track record of excellence began in 1899. 115 years of service speaks volumes. Easily the best of brand.

— Sid Burnstein, Managing Director, Abraham, Burnstein & Cohen Inc., Indian Rocks Beach, Florida


Upcoming Events

Oct. 22-25, 2014
National Association of Retail Collection Attorneys Fall Collection Conference
The Wynn - Las Vegas, Nevada

Nov. 6-8, 2014
CLLA Eastern District Fall Meeting
Sheraton Times Square - New York, New York

Nov. 8-11, 2014
National Association of Subrogation Professionals Annual Conference
Rosen Shingle Creek - Orlando, Florida

Complete schedule of events


 

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Thomas W. Hamilton, Executive Vice President, ALQ
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