Birmingham Latest News (Michigan, United States)

Do you know the difference between voluntary and involuntary bankruptcy? Some bankruptcies are filed by creditors who gang up on the debtor when payments to those creditors are substantially delinquent.

Agreement with Edmonds School District gives districts in 16 states a streamlined privacy path for translating multilingual school communications and documents

Do you know what truly makes a contract enforceable? At its core, a valid contract is built on five key elements: offer, acceptance, consideration, mutual assent, and legality. Let's break down what each of these means—and why they matter. 1.

Have you decided to a file a lawsuit against your debtor? Do you know who counts as a defendant in your case? When you file a lawsuit, include as defendants all people who may be responsible for paying a debt.

Worried about old, overdue balances on the books? Old overdue accounts should be turned over to Michigan collection services as soon as possible to avoid having your account eliminated by the statute of limitations.

Feeling anxious about calling your debtor? Before "dialing for dollars," spend a few moments to consider what you'll be discussing with the debtor, the debtor's likely responses, and even the outcome.

Did you know that there's more than one way to resolve your collections case? Alternative dispute resolution may be an option for you! In this article, we'll give you a rundown of what alternative dispute resolution means and when it's a good idea to...

Are you having trouble dealing with your debtor's personality? Is your debtor making business exceptionally difficult to conduct? You should know the best way to respond to the most common unpleasant personalities in order to get the best outcome out of..

Have you set up a payment plan with a debtor? How can you make sure they don't fall behind? When your debtor is short of cash and can't pay off the entire debt at once, setting up a payment plan makes a lot of sense.

Why is it important to keep all your customer's records? What are the most important things to keep track of with your customers? Here's a detailed breakdown of all the customer documentation that you should keep on file: 1.

Pairaphrase, a leader in secure translation technology, today announced the addition of DeepL to its suite of integrated translation engines.

Did you know that when you work with a collector, your business takes responsibility for their behavior? Is it hard to find an ethical debt collector? When you hire collection professionals and include them on your collection team, you assume...

What kinds of things do you need to agree on with a collections professional? You want to make sure you have written contracts with your collections professionals.

What things should you avoid saying to a debtor? What steps can you take to avoid a lawsuit? When you work with consumer debtors, you should assume that the debtors are fully aware of their rights and are secretly looking for a way to sue you for...

Do you know when to stop sending statements to customers? How do you know if sending a statement is violating bankruptcy law? Sometimes it makes sense to suspend sending statements to customers.

What counts as a legal entity when lending money? When it comes to credit lending, there are five common legal entities: • Sole Proprietorship: A business owned and operated by an individual, without limited liability or any of the other features of a...

What does your credit lending process look like? Why is it important to know your customer in detail? When you extend credit, the type of legal entity you're extending credit to is key to determining how much credit to grant.