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Are foreign statutes of limitations — "non-U.S." statutes — important to you? You'll find them on our website any time you need them.

Just click here, choose your country and view the information in four categories: Open Account Years, Promissory Notes, Written Contracts and Oral Agreements. This online reference was created and updated with help from our local listees in each country and other international organizations. TIP: If you visit the page above, please bookmark it for even quicker access to this unique summary of international statutes of limitations laws.

Thomas W. Hamilton

 Industry News

Fair Debt Collection Practices Act: CFPB Annual Report 2013
Consumer Financial Protection Bureau
On July 21, 2011, the Consumer Financial Protection Bureau was launched as the first government agency solely dedicated to consumer financial protection. This annual report describes efforts taken in the past year to administer the Fair Debt Collection Practices Act. Currently, about 30 million consumers, nearly one out of every 10 Americans, are subject to debt collection activities, for amounts that average about $1,500 apiece.
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Banking crisis in Cyprus
by Irena Joaman
There has been a tremendous amount of discussion about the banking crisis in Cyprus and how it is affecting the world markets including the U.S. stock market. Have you wondered exactly what are the details of the crisis? The Ministry of Finance of the Republic of Cyprus has issued the first order pursuant to the provision of the Law providing imposition of restriction on capital movement of transactions in cases of emergency. Our listee in Cyprus outlines the specifics.
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A dwelling may be sold in California to satisfy a judgment even though subject to a homestead exemption
by Howard Goodman
In California, a judgment creditor can sell a dwelling to satisfy a judgment even though the dwelling is the debtor's principal residence and is subject to a homestead exemption. If the residence is a rental or a second property there is no right to a homestead exemption. Notwithstanding the decline in the value of real estate in California during the last several years, enforcement of a judgment against the debtor's home is still an excellent remedy to satisfy an otherwise uncollectible judgment.
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Developing and nurturing commercial client relationships
Many of WWR's commercial clients are not banks lending money to individuals but are companies that sell, lease or rent goods or provide services on a local, regional or national level to other businesses. Developing and nurturing commercial client relationships revolves around two central questions: What does your client do? And how do they do it?
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The Fair Debt Collection Practices Act — Hope on the horizon for debt collectors?
JD Supra Law News
Debt collection is big business — easily a multibillion-dollar industry. In 2012, approximately 30 million individuals, or 14 percent of American adults, had debt (averaging about $1,500) that was or had been subject to the collections process, according to a March 20, 2013, report issued by the Consumer Financial Protection Bureau.
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The ABCs of telephone collections
by Bob Tharnish
Effective telephone techniques can make the difference between a failed attempt and a successful collection. An experienced collection professional makes the rules of the game as simple as A-B-C, highlighting techniques of the trade which will provide a useful primer for new collectors, as well as a helpful reminder for those more experienced.
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— N. Calvin Sauté, Vice President, Butterfield & Associates, Inc. (formerly served 25 years as Manager of the Collection and Adjustment Department. Jewelers Board of Trade, Warwick, R.I.)

Upcoming Events

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

July 14-16, 2013
ACA International Annual Convention & Expo
Manchester Grand Hyatt — San Diego

Complete schedule of events

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

    Management of an international commercial collection claim (by Rebecca Robitaille)
'Busting' the trust (by Richard A. Klass)
Collections 101 for campaign professionals (by Richard S. Sternberg)
How Chapter 11 saved the US economy (Forbes)
US commercial bankruptcies lower than a year ago (Reuters)

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


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