17 December 2024
Weltman's Top 10 Articles of 2024...
What a year! In 2024, Weltman successfully had two office moves - in Cleveland and Columbus. Now that the dust has settled, and we look ahead to 2025, we want to share our top ten blogs of the year!
This year, we've published over 60 informative blogs, hosted 12 interactive webinars, and posted regularly on our LinkedIn, Facebook, and Twitter pages to help our followers stay up-to-date on the world of collections.
We're sending our best wishes for a happy and healthy holiday season and a joyous New Year. Know that in 2025 and beyond, Weltman is here for all of your creditors' rights needs.
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On or before October 15th of each year the Ohio Tax Commissioner is required, in accordance with Ohio Revised Code §5703.47, to determine the interest rate for certain taxes and other purposes. The rate is computed by taking the federal short-term interest rate as defined by 26 U.S.C. §1274, rounding it to the nearest whole number, and adding 3%. Pursuant to Ohio Revised Code §1343.03(A), this rate applies to all judgments granted by Ohio courts, unless said judgment arises from a written contract that provides for a different rate of interest.
Read the full blog from shareholder and Consumer Collections Group chair David Head here.
Is your automotive lending business experiencing an uptick in bankruptcy filings? If so, you’re not alone.
According to recent reports, U.S. bankruptcies grew by 18% in 2023 and continue to spike this year. More than ever, it’s important to understand the key bankruptcy terminology and processes, in addition to recovery pathways available to you.
During our latest episode of the popular Ask a Pro webinar series, shareholder Milos Gvozdenovic and shareholder Scott Fink discussed secured auto loans and how to protect your interests amid bankruptcy filings. The key topics discussed during the episode included reaffirmation agreements and lien perfection for vehicles.
Read the full blog and watch the recorded webinar here.
In the intricate realm of probate matters, creditors often find themselves in a delicate balancing act to ensure they receive their rightful dues. Timely and strategic actions play a pivotal role in navigating this process successfully. One of the key steps is promptly filing claims and establishing a solid foundation for creditors seeking to secure their position in the probate proceedings. This swift action not only ensures adherence to statutory deadlines but also places creditors at the forefront of consideration during the asset distribution process.
Read the full blog from attorney Matt Pomy here.
Subrogation recovery can be anything but straightforward, especially when cases involve MedPay and PIP. Given the complexities, our latest Ask a Pro webinar brought together a panel of subrogation experts who know the ins and outs of subrogation recovery, particularly in the states of Ohio, Pennsylvania, New Jersey, Indiana, Kentucky, and Michigan. Shareholder Tiffani Palmer and attorneys Michael Chapman and Thomas (Tom) Duquette discussed anti-subrogation laws, the key differences between PIP and MedPay, how to prove and settle injury subrogation claims and so much more. The panel was moderated by our firm’s Subrogation Group chairperson, Ted Traut.
Read the top takeaways and watch the recorded webinar here.
Weltman has recently learned that the Consumer Financial Protection Bureau (CFPB) has proposed new rules aimed at providing greater assistance to homeowners before initiating foreclosure proceedings.
The excerpts concerning the new rules are taken directly from the news release on the CPFB’s website.
Read the full blog and CFPB news release here.
Attorney Cameron Deane recently attended the National Association of Subrogation Professionals (NASP) 2024 Spring Conference, held at the luxurious Hotel Hershey in Hershey, Pennsylvania. He’s now sharing his takeaways below!
"This was my first NASP conference after joining the industry a couple years ago, and I was delighted to meet other members and share our experiences in the world of subrogation. The theme of this year’s conference was “Building for the Future” and after attending several sessions and speaking with other members, it seems the future is much closer than we think."
Read Cam's full blog here.
It is hard to believe that not long ago, when you were scheduled in a meeting, you likely grabbed your soda, your cell, and maybe a notepad and went to see your co-workers all seated around the conference room table. On occasion, you may have even altered a date for a meeting because the conference room was booked. That is certainly not the case in today’s work world. Remote, hybrid, Microsoft Teams, Zoom… all less familiar words at one point - and now not a day goes by where these words are not spoken in our day-to-day.
Read the full blog from director of real estate Allyson Fuller-More here.
In another episode of our popular #AskaPro webinar series, shareholder Milos Gvozdenovic and attorney Garry Masterson discuss the bookends of bankruptcy. They sat down to answer your burning questions on the life of a bankruptcy case, from receiving notice to wrapping it up. Following bankruptcy rules and procedures is critical for creditors to avoid legal problems and unnecessary costs.
Read their top takeaways from the webinar and watch the recording here.
What goes together better than talking bankruptcy law and sipping on your favorite brew?
Our third episode of the What’s on Tap? webinar series doves into the world of collateralization. Together, shareholder and Philadelphia office managing attorney Michael Dougherty and attorneys Cameron Deane and Andrew Condiles explored the impact of cross-collateralization and set-offs on collections accounts while also examining the use of motions for relief, chapter 7 reaffirmation agreements, and so much more.
Read their top takeaways, watch the recording, and find out their "beer of the day" here.
It's that time in the Bluegrass when the air is crisp, leaves begin to fall, horseracing is in full gear, the bourbon is poured, and basketball season is right around the corner. To celebrate the season, I figured I would give a little bourbon recommendation, horseracing history, and, of course, some legal knowledge.
First, there are a LOT of bourbons out there on the market, and they seem to be ever-populating. As a native Kentuckian born and raised in Lexington, many of my friends north of the Ohio River commonly ask me for my bourbon recommendations. While I am no expert, I pretend to be. There are, of course, bourbons from all areas of Kentucky (it ain't bourbon if it ain't from Kentucky) at all different price points.
Read the full blog from shareholder Jamie Hart here.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.
This year, we've published over 60 informative blogs, hosted 12 interactive webinars, and posted regularly on our LinkedIn, Facebook, and Twitter pages to help our followers stay up-to-date on the world of collections.
We're sending our best wishes for a happy and healthy holiday season and a joyous New Year. Know that in 2025 and beyond, Weltman is here for all of your creditors' rights needs.
On or before October 15th of each year the Ohio Tax Commissioner is required, in accordance with Ohio Revised Code §5703.47, to determine the interest rate for certain taxes and other purposes. The rate is computed by taking the federal short-term interest rate as defined by 26 U.S.C. §1274, rounding it to the nearest whole number, and adding 3%. Pursuant to Ohio Revised Code §1343.03(A), this rate applies to all judgments granted by Ohio courts, unless said judgment arises from a written contract that provides for a different rate of interest.
Read the full blog from shareholder and Consumer Collections Group chair David Head here.
Is your automotive lending business experiencing an uptick in bankruptcy filings? If so, you’re not alone.
According to recent reports, U.S. bankruptcies grew by 18% in 2023 and continue to spike this year. More than ever, it’s important to understand the key bankruptcy terminology and processes, in addition to recovery pathways available to you.
During our latest episode of the popular Ask a Pro webinar series, shareholder Milos Gvozdenovic and shareholder Scott Fink discussed secured auto loans and how to protect your interests amid bankruptcy filings. The key topics discussed during the episode included reaffirmation agreements and lien perfection for vehicles.
Read the full blog and watch the recorded webinar here.
In the intricate realm of probate matters, creditors often find themselves in a delicate balancing act to ensure they receive their rightful dues. Timely and strategic actions play a pivotal role in navigating this process successfully. One of the key steps is promptly filing claims and establishing a solid foundation for creditors seeking to secure their position in the probate proceedings. This swift action not only ensures adherence to statutory deadlines but also places creditors at the forefront of consideration during the asset distribution process.
Read the full blog from attorney Matt Pomy here.
Subrogation recovery can be anything but straightforward, especially when cases involve MedPay and PIP. Given the complexities, our latest Ask a Pro webinar brought together a panel of subrogation experts who know the ins and outs of subrogation recovery, particularly in the states of Ohio, Pennsylvania, New Jersey, Indiana, Kentucky, and Michigan. Shareholder Tiffani Palmer and attorneys Michael Chapman and Thomas (Tom) Duquette discussed anti-subrogation laws, the key differences between PIP and MedPay, how to prove and settle injury subrogation claims and so much more. The panel was moderated by our firm’s Subrogation Group chairperson, Ted Traut.
Read the top takeaways and watch the recorded webinar here.
Weltman has recently learned that the Consumer Financial Protection Bureau (CFPB) has proposed new rules aimed at providing greater assistance to homeowners before initiating foreclosure proceedings.
The excerpts concerning the new rules are taken directly from the news release on the CPFB’s website.
Read the full blog and CFPB news release here.
Attorney Cameron Deane recently attended the National Association of Subrogation Professionals (NASP) 2024 Spring Conference, held at the luxurious Hotel Hershey in Hershey, Pennsylvania. He’s now sharing his takeaways below!
"This was my first NASP conference after joining the industry a couple years ago, and I was delighted to meet other members and share our experiences in the world of subrogation. The theme of this year’s conference was “Building for the Future” and after attending several sessions and speaking with other members, it seems the future is much closer than we think."
Read Cam's full blog here.
It is hard to believe that not long ago, when you were scheduled in a meeting, you likely grabbed your soda, your cell, and maybe a notepad and went to see your co-workers all seated around the conference room table. On occasion, you may have even altered a date for a meeting because the conference room was booked. That is certainly not the case in today’s work world. Remote, hybrid, Microsoft Teams, Zoom… all less familiar words at one point - and now not a day goes by where these words are not spoken in our day-to-day.
Read the full blog from director of real estate Allyson Fuller-More here.
In another episode of our popular #AskaPro webinar series, shareholder Milos Gvozdenovic and attorney Garry Masterson discuss the bookends of bankruptcy. They sat down to answer your burning questions on the life of a bankruptcy case, from receiving notice to wrapping it up. Following bankruptcy rules and procedures is critical for creditors to avoid legal problems and unnecessary costs.
Read their top takeaways from the webinar and watch the recording here.
What goes together better than talking bankruptcy law and sipping on your favorite brew?
Our third episode of the What’s on Tap? webinar series doves into the world of collateralization. Together, shareholder and Philadelphia office managing attorney Michael Dougherty and attorneys Cameron Deane and Andrew Condiles explored the impact of cross-collateralization and set-offs on collections accounts while also examining the use of motions for relief, chapter 7 reaffirmation agreements, and so much more.
Read their top takeaways, watch the recording, and find out their "beer of the day" here.
It's that time in the Bluegrass when the air is crisp, leaves begin to fall, horseracing is in full gear, the bourbon is poured, and basketball season is right around the corner. To celebrate the season, I figured I would give a little bourbon recommendation, horseracing history, and, of course, some legal knowledge.
First, there are a LOT of bourbons out there on the market, and they seem to be ever-populating. As a native Kentuckian born and raised in Lexington, many of my friends north of the Ohio River commonly ask me for my bourbon recommendations. While I am no expert, I pretend to be. There are, of course, bourbons from all areas of Kentucky (it ain't bourbon if it ain't from Kentucky) at all different price points.
Read the full blog from shareholder Jamie Hart here.
These blogs are not a solicitation for business and are not intended to constitute legal advice on specific matters, create an attorney-client relationship, or be legally binding in any way.