Marion County, IN – Brian Fenner had big plans for his Indianapolis towing company, Sperro Towing and Recovery. His goal was to build a national network of bankruptcy attorneys who would let him know if a struggling client had a vehicle they couldn’t afford to keep. Fenner would pay the bankruptcy fees in exchange for […]
Next Thursday, May 12, 2016 10:00 a.m. PST, 11:00 MST, 12:00 CST, 1:00 EST (Estimated 120 minutes) Creditors love them. Debtors’ attorneys hate them. Debtors often don’t understand them. Courts vary on whether they will approve them. Congress was wary of them and established very specific rules for documenting them. Failing to comply with […]
FOR IMMEDIATE RELEASE Irving, Texas, April 27, 2016 – American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce that ARA members who participate in the exclusive ARA insurance program have an average loss ratio 20% below the industry average. This program-wide loss ratio allows a dividend back […]
“Honestly, I think it’s kind of creepy. I would use the word ‘stalking’ almost,” said Assemblyman Jeffrey Dinowitz, D-Bronx, who has introduced a bill to limit the way police may use plate readers and make New York one of the few states prohibiting their use by private companies. Read More!
Guest Editorial Are you being contacted by clients you have not heard from in years, or even clients you have never heard of? There seems to be a scurry of inquiries about our services all around the nation lately. Could this mean clients are becoming disenchanted with the forwarding model that took over not so […]
Guest Editorial In my 30 plus years in the repossession business I have seen so many changes that has affected the way we do business. Auto auctions have set up companies to solicit the handling of repossessions for the major banks and captive finance companies. Their purpose is to increase their sales of recovered collateral. They […]
Lansing, MI – March 23, 2016 – Despite clear administrative and judicial rulings from 2014 & 2015, declaring PAR to be a “Debt Collection Agency” by definition under Michigan Law, PAR appears undaunted and continues in it’s attempts to thwart any attempt to limit its doing business in the State of Michigan or be defined […]
March 15th, 2016 – The U.S. Court of Appeals for the Third Circuit rejected allegations that two repossession companies violated the federal Fair Debt Collection Practices Act, holding that the companies had a right to repossess a vehicle as collateral for an unpaid loan. Read More!
A large national forwarder is attempting to change 493 PRESS RELEASE Fellow recovery agents, just like they tried last year, a large national forwarder is attempting to change 493 and attempting to create an exemption for themselves from licensure! For the second year in a row they are attempting to change the definition of what a recovery agency […]
Guest Editorial Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help […]