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Alerts

Alerts / 24 February 2016

How IRS Form 982 Can Aid Financial Institutions with Debtor Settlements

For any financial institution seeking to negotiate with one of its debtors over a lump-sum settlement of the debtor's delinquent, unsecured debt,(1) one potential roadblock is IRS Form 1099-C. This form reports the amount of a debtor's debt that is forgiven or canceled, and although a debtor is unlikely to want any suc
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Insights

Insights / 5 July 2023

Do Not Fear Commercial Collection Clauses: A Guide for Creditors

In another episode of our wildly popular #AskaPro webinar series, shareholder, Commercial Collections Group chair, and Commercial Law League of America (CLLA) immediate past president Jim Kozelek moderates some pretty exciting panelists.
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Insights / 16 March 2022

The Latest FAQs in the World of Commercial Collections and Litigation

From e-filing to remote working and notarization, the litigation and recovery processes don't always look the way that they did two years ago. Adjusting to these changes can be challenging, so we are here to help.
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