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The 2013-2014 print edition of American Lawyers Quarterly:
An International Directory of Collection and Bankruptcy Law Firms

It'll arrive in early July — just as it has for 114 years. Through wars, recessions, depressions, you name it the book has maintained its relevance and stature as the premier law list of its kind. True, there are many people who now prefer to manage their collections business online. But a surprising number still enjoy this quick, easy-to-handle desktop reference. If you like the book please let me know. I also welcome your suggestions on how to make it better. Send your thoughts to Thanks.

Thomas W. Hamilton

 Industry News

Keys to a successful foreclosure mediation
by Benjamin N. Hoen, Esq.
Foreclosure mediation programs have been instituted in many states hardest hit by the foreclosure crisis. Although each state may establish different rules and processes for foreclosure mediation, the primary goal of foreclosure mediation nationwide, is to help bring the lenders and borrowers together to engage in a dialog and exchange of information needed to determine whether the borrower may qualify for available rescue funds and programs, with a goal of keeping the borrower in the home and avoiding foreclosure.
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Statutory interest rates for late payment in European countries
by Paul de Dree
Most European Union member countries have transposed in their national legal system the main provisions of Directive 2011/7/EU of the European Parliament and of the Council of Feb. 16, 2011, on combating late payment in commercial transactions. This directive had to be transposed in member states at the latest by March 16, 2013. It applies to business-to-business transactions and also to business-to-public authorities transactions.
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Update from Credit & Collection Education Forum
by Jay Winston
On June 6, The Federal Trade Commission and Consumer Financial Protection Bureau co-hosted a roundtable for seven hours in Washington D.C. Industry representatives voiced their concerns. A different perception exists between reality and practice for several reasons: self-Interest, politics and practical reality. The parties who attacked the current system only see a small percentage of the total cases. However, their perception is that these problem cases are representative of a much larger problem. Until this perception is changed, expect more regulation.
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Which social media tool is best for my small business?
Social media marketing is a vast landscape. When you decide it's time you started making better use of social media to promote your small business, it's easy to get distracted for hours looking at all the different social networks and wondering: "Which of these should I be using?" Let's break this down and look at the big networks one at a time.
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Bankruptcy lawyers face fee overhaul to curb high legal costs
Bankruptcy lawyers will soon have to make new disclosures on how they bill clients under guidelines finalized by the U.S. Department of Justice recently, the first overhaul of bankruptcy billing in 17 years.
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62 percent of Australian small-business debt is now overdue
Small businesses in Australia are now overdue on around 62 percent of their combined $10.4 billion debts but the liability is not equal between states, reports the News Limited Network. The average small business now owes around $18,624 according to the findings of new research by the Commonwealth Bank.
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Encore Capital closes Asset Acceptance acquisition; provides more detail on operations
Debt buyer Encore Capital Group Inc. announced recently that it has closed its acquisition of rival Asset Acceptance Capital Corp. The company said that all operating subsidiaries of Asset Acceptance are now part of Encore Capital Group. Asset Acceptance's stock, NASDAQ ticker symbol AACC, will now be delisted.
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What our clients have to say:
For over 25 years, MSCCM has trusted the quality and professionalism of ALQ listees. We can always rely on American Lawyers Quarterly to protect our firm and our client's interest. They add a level of confidence to the services we provide for the creditors we represent. I do recommend ALQ to any forwarder looking to extend their professional reach.

— Tom Claybaugh, President, Mountain States Commercial Credit Management, Englewood, Colo.

The staff at ALQ has always been friendly, professional and supportive of our efforts to provide legal services to credit grantors. The staff understands the legal services process and has been helpful in facilitating introductions and communications. It is a pleasure to work with them.

— Christopher P. Jameson, Attorney, Jameson & Dunagan, P.C., Dallas, Texas

Upcoming Events

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

Aug. 8-11, 2013
National Association of Bankruptcy Trustees
The Greenbrier — White Sulphur Springs, W.Va.

Complete schedule of events

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

    Businesses can collect on their own debts without being subject to Fair Debt Collections Practices Act (The National Law Review)
The mistaken belief that debtors' prisons are back (by Steven J. Greeley, Jr.)
New regime affecting legal fees and litigation in England (by Steven Frieze)
Consumer Financial Protection Bureau complaint data now searchable by state (Consumer Financial Protection Bureau)
Regulators probing banks' debt collection practices (The Washington Post)

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


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