Regulating Commercial Debt Collection

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.

Foreclosure Defense

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.

Providing children’s basic needs as a single parent

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.

Hazards linked to swimming pools aboard cruise ships

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.

Treating vaginal prolapse using mesh implants

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, 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.