Collecting debt can be a real challenge for most businesses. The problem with this aspect of business is that it is not highly regulated and there is less oversight when it comes to debt collection. Even though the Fair Debt Collection Practices Act of 1977 is in place, only those debts accumulated through personal, family, or household transactions are covered by the law. Debts that need to be collected by businesses or individuals for commercial purposes are not covered by the Act.
According to the website of Slater Pugh, Ltd LLP, most businesses rely on collection agencies in order to collect unpaid debts. There are no US Federal laws that regulate third-party collection agencies. In most states, these firms are required to be bonded. Likewise, a license is required in order for collection agencies to collect debts of creditors. To be a licensed collector, you need to submit an application for license as well as financial documents and information about them. They are also required to purchase a bond for the protection of the creditors and pay a licensing fee ranging from $50 to $1,000.
Aside from state laws, it is also possible to collect debt through the Commercial Law League of America and the Commercial Collection Agency Association. These two organizations have assumed responsibility for looking after the needs and rights of creditors and their customers in the aspect of business collection.
When choosing a collection agency, it is important to practice due diligence. There are many collection agencies who collects many in an illegal manner or go to the extent of harassing debtors which can have a huge impact on the reputation of your business. It is best to work with members of the Commercial Collection Agency Association which are also certified by the Commercial Law League of America. They can help you find a licensed collection agency.
Interest rates are expected to increase for the first time since the recession of 2008 as the American economy has finally regained its footing. This is a good sign for the overall economy, but may leave many future home buyers anxious to receive their rates on borrowing. Although foreclosure rates are down 3 percent in 2015, foreclosure is still something that haunts less wealthy home owners nightly. A home is the most valuable asset that a family can own, especially if there are kids being raised in it. No one wishes to default on their mortgage payments and see their home and livelihood be taken away, however, there are currently many financial maneuvers one can make to avoid this.
Every foreclosure case is different and unique, but through basic protection methods many homeowners can seek the protection they need. According to Bradford Law Offices, PLLC, the typical options for defending against foreclosure include, mortgage modification, negotiating with lenders, and if all else fail pursuing bankruptcy protection. Mortgage modification and negotiating with lenders entails homeowners working with lenders to reorganize the current payment plan to something that the homeowner can afford. Financial institutions and creditors are welcoming to this option as they rather see some form of payment than nothing at all. Pursuing bankruptcy protection contains with it a stigma of failure, but when times become desperate it is a perfectly viable way to protect your home. Under chapter 13 bankruptcy, an individual is able to immediately halt any foreclosure proceedings upon filing the bankruptcy petition. Furthermore, it creates an automatic stay from harassing creditors and is perfect for debtors with more financial resources such as homeowners. Owning a home is the most valuable asset a person will likely have in their entire lives, and it is vastly important for homeowners to understand the methods they can utilize to protect it.
Aside from love and affection, parents should provide the basic needs of their children to have a normal life. Such basic needs like education, medical, food, shelter, and other expenses should still be provided to children even their parents are already divorced.
Unfortunately, a single parent who had been given legal custody of his or her children, experience hardships in providing the everyday expenses needed to raise their children. Factors like low income, loss of employment, and economic changes may affect the capability of a parent to provide the basic needs of children. In some situations single parents greatly suffer from financial loss if the child they are raising has a serious medical condition.
Every child should be nourished with a balanced diet for them to grow up strong and healthy. A child may grow up with personal insecurities if they are deprived of healthy foods. Parents should also make sure that their children are getting regular medical checkups to possibly detect illnesses or any medical conditions.
In California, individuals who have been given custody of their children may seek child support to their former partners. According to the Law Offices of Baden V. Mansfield, child support is an arrangement intended to make sure that financial needs of children are being provided by custodial or non-custodial parents based on their earning capacity.
The law requires parents to provide financial support to cover medical and other living expenses of their children. After a divorce or legal separation papers are filed, any of the two parties may request the judge to get child support from their former partners. It is important to note that parents seeking child support should first have an ongoing case related to family law or with their “local child support agency” (LCSA) for them to obtain order from the court.
Though it might be easy to think that serious injuries may only happen in cruise ships when it capsize, many areas inside the large water vessel like swimming pools can also cause serious injuries mostly to younger passengers.
Many people together with their family choose to travel different parts of the world aboard a cruise ship. As passengers aboard are overwhelmed by the excursion experience, child passengers often find themselves having fun exploring the vastness of the ship. However, children are at risk of suffering water-related injuries like drowning in swimming pools when the cruise ship management and its crews become negligent. Swimming pools can be dangerous if it did not have sufficient lifeguards, proper safety devices, and railings around the pool area, according to The Vucci Law Group, P.A. Swimming pools inside cruise ships are also dangerous if the environment is distracting or the pool itself has design flaws.
A recent news revealed that a 4-year-old boy who was aboard Royal Caribbean’s Oasis of the Seas with his family, nearly died of drowning after being “swept away” to the wave pool. The accident reportedly happened after the child roam away from his mother. The boy who was submerged in the pool for nearly six minutes was pulled out from the water and was given immediate medical attention. The cruise ship docked on the same day and brought the child to the hospital in Fort Lauderdale due to critical condition. Though the pool has signage, a cruise ship spokeswoman admitted that there were no lifeguards stationed in their pools like those in hotels.
According to the U.S. Centers for Disease Control and Prevention (CDC) drowning is considered to be the fifth cause of unintentional injury that can be fatal and a data from 2005 to 2009 revealed that an estimated 3,533 persons died of drowning.
A woman may be suffering from a vaginal prolapse if the organs inside her pelvic region like the bladder, uterus, rectum, or urethra are unusually moving forward or downwards from its original place. The condition usually happens after giving birth or caused by other medical problems. Though there are various treatments available to move back pelvic organs in their normal positions, according to the website www.williamskherkher.com/practice-areas/defective-pharmaceuticals/vaginal-mesh-lawsuit/, some doctors use transvaginal mesh to treat their patients.
Transvaginal mesh is a medical device that looks like a net that according to some doctors it is much better to use in supporting descending organs compared to the vagina’s natural tissue. The mesh is implanted between the vaginal wall and the fascial layer to support the bladder. Success rate of the treatment depends on the severity of the vaginal prolapse. However, vaginal mesh lawsuits become rampant in previous years after patients who underwent such treatments experience side effects like infections, urinating discomforts, pain during sexual intercourse, prolapsing organs, and mesh exposures. Complications like serious bleeding, surgical site infection, pelvic organ injuries, buttock pains and groin pains may likely happen to women who underwent surgical mesh implant.
Since the 1970s gynecologists have started using surgical mesh to treat pelvic organ prolapse (POP), and after being approved for a Class II classification the FDA received increasing incidents of women suffering medical conditions that are linked to the use of surgical mesh. Federal authorities has since then suggested a thorough study about surgical mesh. Though some medical literatures suggest transvaginal mesh is more effective than conventional treatment procedures, it is not yet tested if the results are still the same after two years or longer. Just recently the U.S. Food and Drug Administration (FDA) require manufacturers of surgical mesh to apply for a premarket approval (PMA) and to reclassify it from Class II to Class III.
Vehicle drivers and motorcycle riders are at high risk of sustaining serious or fatal injuries when they got involved in accidents. However, drivers likely are at higher risk of sustaining injuries when they are struck by huge vehicles like semi-trucks operated by intoxicated drivers.
Due to its large size, semi-trucks are very hard to maneuver on the road and other motorists are at risk when semi-truck drivers are under the influence. It is important for vehicle drivers to know that they have the right to file a claim if they believe that they have been injured by semi-truck drivers who are under the influence of intoxicants. According to Houston lawyer, Ali Mokaram, motorcycle riders often find it impossible to recover from financial problems after being involved in DUI/DWI-related accidents. Additionally, aside from income loss, damages including rehabilitation costs, expensive medical costs, and reduced capability of having a job are often associated to drunk driving accidents, an Atlanta semi-truck lawyer said.
Victims of semi-truck drunken driving accidents who have decided to file a claim should take note that they need to prove to the court that the person or parties they are suing have committed negligence. They also need to prove that the act of negligence resulted to injuries, financial, and other losses. Oftentimes semi-truck drivers are incapable of settling drunken driving accident compensations; however, accident victims may pursue damage claims if the truck involved in accident is owned by a company. In some situations other business establishments that provide alcoholic beverages can also be held liable given they are responsible for the intoxication of the semi-truck driver involved in an accident. Restaurants serving alcoholic drinks and bars that serve too much alcohol drink to a driver can be penalized in many states under the dram shop law.
A data of the National Highway Traffic Safety Administration (NHTSA) reveal that there are over 10,000 persons were killed in drunken driving accidents in 2012.
Tax fraud is a type of a white-collar crime where a person is being sought by the Internal Revenue Service (IRS) due to allegations that he or she is not honest in reporting their tax dues. A lot of families in the U.S. have to deal with hefty financial loss when their loved ones got in trouble with the federal government.
Kohler Hart Powell, SC defines tax fraud as a means of paying lesser tax to the government by intentionally falsify their finances. The mere thought of being sought by the IRS after being suspected of failing to report all your taxes can be stressful and frightening. A thorough investigation is usually done by the IRS when they believe that a certain individual or a business outfit is dishonest with their taxes. The IRS often tracks down suspected tax cheaters with the help of the Federal Bureau of Investigations (FBI) and with the U.S. Secret Service. Acts of falsifying accounting entries, getting tax deductions that are not yours and failure to report income are considered samples of tax fraud according to the Cazayoux Ewing Law Firm.
Any person found guilty of tax fraud may be order to pay fine of nearly $250,000 by the IRS and an imprisonment not longer than five (5) years. On the other hand, bigger companies or corporations may face a tougher fine of up to $500,000. The IRS imposes tougher penalties when they found out that tax cheaters operate as a group. In the fiscal year 2015, a lot of people nationwide have been sentenced of tax fraud. In Madison alone, a woman was sentenced to 1 year of imprisonment in June after pleading guilty to tax fraud. Also in June, a company owner in Baton Rouge was ordered to pay fine worth $1,217,657 and was sentenced to 135 months of imprisonment for duping another company.
Individuals who have been injured in car accidents often find themselves coping with great financial loss mainly because of the expensive hospitalizations or follow up treatments they needed for recovery.
While injuries are almost often evident after a car accident, there are some cases where injuries only become apparent after weeks or even months after the mishap. A person who had been involved in such unfortunate event should write everything he or she remembers after the accident including every pain they feel in different parts of their body. Though some persons may not immediately write down accident details due to medical conditions, they should take note every detail they remember after the crash. According to some personal injury attorney websites, injuries like whiplash, concussions, head injuries, and burns have devastating consequences for car accident victims and their families. Individuals who have sustained such injuries are often left permanently disabled and they find themselves having difficulty in getting a job.
A person’s accident documentation should include time, date, names of other persons, or any conversations they have. A person may want to revisit the accident scene and take pictures or gather additional information from other people who might have seen your accident. Such action is important mostly if road defects are suspected in the accident. Road problems including potholes, insufficient signage, shoulder drop-off, uneven pavement, insufficient guardrails, road debris, can cause injuries to motorists according to the Pohl Berk Attorneys website.
Documenting a car accident through writing is crucial mostly if an injured person is considering filing a personal injury claim upon believing that negligent parties are liable. However, aside from writing down notes, car accident victims may consider working with lawyers for them to possibly get financial assistance they need for recovery. Personal injury claims from car accidents often are complicated and a lawyer may help you further investigate to held negligent parties liable to your injuries.
Medical professionals like doctors should understand that they should provide the necessary documents needed for them to be paid by the insurance carriers of the patients they have treated.
A small error in the claiming process after a professional service is rendered to a patient may result to Health Maintenance Organizations (HMO) or Preferred Provider Organizations (PPO) either delaying or denying health providers of their deserved compensations. Aside from filing in a timely fashion, doctors should make sure that all receivable documentations needed by insurance carriers are provided. Information like names, addresses and other information should be error-free for health providers to also timely get their compensations.
While the Texas prompt pay lawyers at Williams Kherkher state that health providers are protected by the Texas Prompt Pay Act of 2003, they also note that many HMO and PPO companies wrongfully deny or delay the compensations deserved by hardworking healthcare providers. Health providers may experience delay from insurance carriers that are very critical in details. At some point carriers may request additional details to healthcare providers who have already filed a clean claim if they are suspecting fraud.
To possibly avoid such frustrating hassles, tips like documenting status claims including mails, regular updating of account receivables and recording phone calls with insurance carriers regarding claims can be done. Such documentation is highly crucial for healthcare providers who have decided to file a complaint to the Texas Department of Insurance (TDI). Copies of health insurance cards of patients and all the printed and digital transactions between a healthcare provider and carriers can be used as evidence when filing a complaint to the TDI.
Healthcare providers who believe that their compensations are either delayed or denied by carriers should also know that there are lawyers who provide legal assistance for claims regarding the prompt pay act.