Course Description:
Consumer debt collection is among the most regulated areas of business there is. In fact, the United States is known to be "debtor-friendly", meaning debtors typically have more rights and protections than creditors. The Federal law that regulates consumer debt collection is the Fair Debt Collection Practices Act. Companies that have full knowledge of this Act normally fare ok with debtors. Those that do not risk a civil lawsuit. The issue is that the Act itself is open to interpretation in many areas, and even veteran collectors get tripped up by it. Business-to-business (commercial) debt collection is governed by the Uniform Commercial Code, and the government tends to take a more "hands off" approach. This seminar will delve into both consumer and commercial debt collection regulations, and offer best practices to increase your company's rate of recovery while remaining within the bounds of the law. We will also cover how to handle being sued by a debtor for alleged violations of the law, and how to pursue aggressive collection techniques properly. Finally, the seminar will cover how to handle a debtor bankruptcy.
Learning Objective:
- Learn how to increase Accounts Receivable recovery without violating Federal law
- Learn how to use the credit bureaus as one of your biggest weapons against debtors
- Learn how to use more aggressive collection techniques like judgments and garnishments
- Learn how to minimize the impact of a lawsuit brought by a debtor for violation of Federal law
- Learn how to deal with people other than the debtor to obtain information you need to collect on delinquent accounts
- Learn how to deal with debtor bankruptcy and understand what you MUST do to protect your rights
Course Benefits:
- Full understanding of the Fair Debt Collection Practices Act
- Full understanding of the Bankruptcy Code and how to protect your rights
- Comprehensive analysis of the three major areas of the FDCPA that trip up even experienced collectors
- Comprehensive analysis of the civil lawsuit process and how to defend yourself in court if sued by a debtor
Areas Covered:
- Fair Debt Collection Practices Act
- Fair Credit Reporting Act
- U.S. Bankruptcy Code
- Medical Collections - HIPPA Guidelines
- Uniform Commercial Code - Personal Guarantees and Promissory Notes
- Choosing a Collection Agency - And Knowing When to Find a New One
- New Law Related to Bankruptcy Filings You MUST Know About
- How One Simple Email Can Land You in Court
- Being Sued by a Debtor - Best Practices
Who Will Benefit:
All professionals who want to expand their knowledge in the fields of consumer and commercial debt collection strategies. Case studies and interactive exercises will reinforce concepts learned. Best for Accounts Receivable staff, Controllers, and Collection Agency personnel.
Course Outline:
Day One (8:30 AM – 4:30 PM) | Day Two (8:30 AM – 4:30 PM) | ||
Registration Process: 8:30 AM – 9:00 AM Session Start Time: 9:00 AM
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Meet Your Instructor
Scott Transue Owner, Freedom Day Tax and Accounting LLC Scott has presented seminars in over 30 states. He holds Enrolled Agent licensure through the Internal Revenue Service, giving him unlimited representation rights for taxpayers experiencing collection issues with the IRS. He holds a Master of Public Administration degree from SUNY-Albany and is a Continuing Education instructor for ComplianceOnline. He has co-authored one book and is contributing author to two others. He owns his own tax firm, Freedom Day Tax and Accounting LLC. |
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Please contact us at +1-888-717-2436 to get details of wire transfer option.Terms & Conditions to Register for the Seminar/Conference/Event
Your registration for the seminar is subject to following terms and conditions. If you need any clarification before registering for this seminar please call us @ +1-888-717-2436 or email us @ [email protected]
Payment:
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to MetricStream Inc. (our parent company).
Cancellations and substitutions:
Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund — less a $200 administration fee. No cancellations will be accepted — nor refunds issued — within 10 calendar days before the start date of the event.
On request by email or fax (before the seminar) a credit for the amount paid minus administration fees ($200) will be transferred to any future ComplianceOnline event and a credit note will be issued.
Substitutions may be made at any time. No-shows will be charged the full amount.
We discourage onsite registrations, however if you wish to register onsite, payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available, we will send the material after the conference is over.
In the event ComplianceOnline cancels the seminar, ComplianceOnline is not responsible for any airfare, hotel, other costs or losses incurred by registrants. Some topics and speakers may be subject to change without notice.
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After we receive the payment from the registered attendee, an electronic event pass will be sent to the email address associated with the registrant 5 working days before the seminar date. Please bring the pass to the venue of the event.
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