Weltman's Top 8 News and Insights: A Look Back at 2023

What a year! In 2023, Weltman had two office moves - in Philadelphia and Pittsburgh. We've published over 85 informative blogs, hosted 12 interactive webinars, and posted regularly on our LinkedIn, Facebook, and Twitter so you can stay up-to-date on the world of collections. Now, we're sharing the top 8 blogs of 2023!

Ohio Revised Code Section 2117.06 governs the presentment of creditors’ claims in Ohio estates. A recent amendment to 2117.06 will be incredibly helpful to creditors and their attorneys in presenting claims to an Ohio estate, which will result in more claims being paid.
 

What can executives working in collections and recovery expect in 2023? 

Over the past few years, consumer collections has experienced its ups and downs and transformed in many ways, especially with the implementation of Regulation F. Undoubtedly, this new rule has changed the world of debt collection.
 

Attorney Stefanie Kempfer Collier and national manager of credit unions Dawn Pagon recently attended and exhibited at the National Credit Union Collections Alliance (NCUCA) 2023 Annual Conference in Las Vegas, NV. This conference gave attendees the opportunity to learn from credit union experts regarding various industry topics while networking with peers.
 

The first episode in Weltman’s newest webinar series, What’s on Tap?, is a little fun and a lot of information. It blends two of our favorite topics: local beer and recovering your vehicles. If you’re a vehicle lender, then these answers are for you. The panel for this episode included shareholder and Philadelphia office managing attorney Mike Dougherty and attorneys Scott Best and Cameron Deane. 
 

Shareholder, Commercial Collections Group chair, and Commercial Law League of America (CLLA) immediate past president Jim Kozelek and shareholder Jamie Hart recently attended the CLLA 129^th Annual Convention in Chicago, IL. Now, Jamie is sharing his top three takeaways!
 

After countless calls and past due notices throughout delinquency, the consumer still has not made a payment or brought the file current, the collateral may have been repossessed and sold leaving a deficiency balance. The file is now charged off… So now what? What is the next logical step to recover the money owed?
 

As bankruptcy filings have increased month-to-month over the first quarter of 2023, there has never been a better time and place to make sure that practices are in place to maximize your recovery in the bankruptcy sphere. One of the chief items to pay attention to, as soon as you receive the notification that a consumer of yours has filed for bankruptcy, is the deadline by which you would need to file a timely objection to the bankruptcy plan of reorganization. Failure to closely monitor the deadlines and filings can have detrimental effects on your accounts and recovery as the bankruptcy case ensues.
 

Data security is one topic that is top of mind in today’s business environment, as there are daily news stories about cyberattacks which result in the exposure of personally identifying information, such as Social Security Numbers, birthdays, and addresses. Further exposure occurs when sending information via email, which, while convenient and fast, is not always secure. 
 
In an attempt to ensure that confidential and sensitive personal and financial information is maintained and secured, the Federal Trade Commission (FTC) has established many standards, and corresponding requirements, for various industries, most specifically financial institutions.
 

For continued news, alerts, and insights, visit our website here. We also encourage you to subscribe to our email list to receive the latest information in the creditors’ rights world to your email inbox.

These blogs are not a solicitation for business and it are not intended to constitute legal advice on specific matters, create an attorney-client relationship or be legally binding in any way.