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 The ALQ Forum

It has been over three months since we started the ALQ Forum and with approximately 1000 members to date, we have enjoyed many interesting discussions, debates and conversations. Some of the most popular topics have included:
  • Are attorney demand letters an effective tool on commercial accounts or a waste of time and money?
  • How does one value their business and/or law firm?
  • Have forwardings to law firms and collection agencies (dried up) in the debt buying industry?
  • What is your most unusual collection experience?
  • Do women or men make better debt collectors?
  • Should agency owners have personal liability for actions of "rogue" collectors who use threats of foreclosure, jail, etc?
Participating in a LinkedIn discussion group has many benefits. Not only are you able to express your knowledge and expertise, but you will also gain a tremendous number of ideas and valuable information from the other participants.

Click here to join, and we're greatly looking forward to seeing you there.

Thomas W. Hamilton

 Industry News

Heartbleed adds to corporate cybersecurity heartache
Corporate Counsel
This past holiday season saw the Cyber Grinch make stops at Target Corp., Neiman Marcus and Michaels Stores Inc. in the form of massive, point-of-sale consumer data breaches resulting in dozens of lawsuits, bad press and logistical corporate nightmares. In the wake of the PoS breaches, countless articles were written warning of the very real and imminent threat of future cyberattacks and data breaches.
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Finding the right chief compliance officer
Corporate Counsel
A corporation's C-suite is no longer complete without a chief compliance officer. The CCO is the guardian of the company's reputation, who deftly navigates the thicket of international legal regulations that corporations face when conducting business both domestically and overseas. Finding the right CCO isn't a simple hiring decision; it's a decision that reflects on an organization's basic values, appetite for risk and relationship with the larger commercial community.
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Lessons I've learned while being a 1st-year associate
The Legal Intelligencer
According to the author Emily Ashe: I write this article having officially completed, or as I might call it, survived, my first year as an associate at a law firm. Needless to say, it has been a tough year, full of change, hard work, and most of all, learning.
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Should the IRS use private collection agencies to pursue tax debts?
The Washington Post
A federal worker union is fighting bipartisan plans that would require the Treasury Department to contract with private collection agencies to pursue tax debts the Internal Revenue Service is not addressing. The National Treasury Employees Union said in a statement that a similar effort between 2006 and 2009 caused the government to miss out on millions of dollars in potential revenue while paying $102 million to cover administrative and commission costs.
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5 signs a customer may default
Long Island Business News
In business, if you're not getting paid by a customer or client, chances are someone else is. Business owners should be on the lookout for warning signs that a client may default on payment, and take proactive steps to make sure they're at the top of the list when checks are cut. Before a customer stops paying altogether, these clues may portend a problem.
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Malaysia Airlines could opt for bankruptcy if multiple, costly lawsuits are filed in response to missing flight
Inside Counsel
There is recent speculation Malaysia Airlines could end up in bankruptcy as a result of likely lawsuits from the families of passengers who were on the still-missing Flight 370. But Charles Tabb — a national expert in U.S. bankruptcy law who is now a resident scholar at the American Bankruptcy Institute — suggested in a recent interview that there are many distinct factors that could make any potential bankruptcy proceeding in this situation unusual and complex.
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What our clients have to say:
Our experience with Tom Hamilton and his staff over the past 24 years has brought us consistent positive results. Always listing top notch law firms we can depend on. ALQ responds quickly to our inquires for assistance with a courteous professional manner. We feel fortunate knowing ALQ is in our corner for whatever situation should arise in our fast paced business of collections.

— Bill Nellos, Creditors Recovery Systems, Inc., Villa Park, Ill.

ALQ has long been a foundation for our firm's commercial business, and continues to be integral in maintaining old, and establishing new business relationships throughout the industry. We greatly value Tom, Nancy, and Jeremy's support throughout the years, and going forward. We truly view ALQ as our partners in the commercial collection industry.

— Neil Sarker, Esquire, Burton Neil & Associates, P.C., West Chester, Pa.

Upcoming Events

May 15-18, 2014
National Association of Retail Collection Attorneys Spring Collection Conference
Loew's Miami Beach Hotel - Miami Beach, Fla.

July 21-23, 2014
IACC Midyear Conference
Hilton Hotel - Chicago

Complete schedule of events


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