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Suppose you're buying a warehouse in another state. Or entering into a merger and acquisition agreement. Or have a criminal or child support situation. In every case you, or your client, may need legal help in a territory or state where they are not familiar with firms. But you'd prefer to hire a law firm that's known and trusted.

Visit True, it's primarily a law list featuring firms that specialize in collections. But many of our listees are also full-service law firms. The American Lawyers Company has already screened and approved them. And if you hire one of our listees and money changes hands, you may be covered by our bond — up to $3.5 million. How to search:
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 Industry News

Piercing the corporate veil: A general overview of the exception creditors can use to find individual shareholders liable for corporate debts
by David S. Brown, Esquire
A fundamental rule of corporate law is that shareholders, officers and directors are not liable for the debts of the corporation. In this respect, individuals find the corporate form useful because it creates a division between shareholders and their business concerns. Simply put, the corporate form insulates individual shareholders from being held liable for corporate wrongdoings or debts. The Ohio Supreme Court summarized this concept by stating that, "the corporate form has been introduced for the convenience of the company in making contracts, in acquiring property for corporate purposes, in suing and being sued, and to preserve the limited liability of the stockholders, by distinguishing between the corporate debts and property of the company, and of the stockholders in their capacity as individuals."
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Changing the bankruptcy code
The Deal Pipeline
With the Bankruptcy Code now 35 years old, 2013 looks to be a key year in developing a replacement. The American Bankruptcy Institute Commission to Study the Reform of Chapter 11 was organized last year to analyze the chapter and recommend changes to the current law, after there was consensus that Chapter 11 needed a reboot during the 2009 event "Chapter 11 at the Crossroads: Does Reorganization Need Reform?"
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FTC releases top 10 complaint categories for 2012
PRNewswire via Yahoo News
Identity theft is once more the top complaint received by the Federal Trade Commission, which has released its 2012 annual report of complaints. 2012 marks the first year in which the FTC received more than 2 million complaints overall, and 369,132, or 18 percent, were related to identity theft. Of those, more than 43 percent related to tax- or wage-related fraud.
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NACM opposes Virginia bill that would cool exchange of commercial credit information
Review Panda
A bill in the Virginia House of Delegates would create new problems throughout the commercial credit industry while failing to address the concerns of Virginia's small businesses, according to the National Association of Credit Management. The bill, HB 2198, sets up a lose-lose proposition for businesses well beyond the borders of the "Old Dominion."
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Bringing suit against a debtor: What you have to prove to win
Credit-to-Cash Advisor
You've decided to proceed with legal action against a delinquent customer. The complaint has been filed and the debtor has been served. Unfortunately, a default judgment was not rendered and the debtor continues to dispute the case. You're headed for a hearing or trial. What will you have to prove in court to win the case?
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Former bank executive charged in collection agency bribery case
Collections & Credit Risk
Wilbur Tate III was charged Wednesday with taking bribes from Oxford Collection Agency.
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Experian enhances skip-tracing service for delinquent commercial accounts
Experian®, the leading global information services company, recently announced new enhancements to its Collections Recovery Tool℠, a commercial skip-tracing service that increases opportunities for collections professionals to collect on outstanding obligations. The newly enhanced service provides users with alternative contacts and business locations, greater insight into a debtor's credit relationships and access to a debtor's payment behavior to identify those most likely to pay off existing debt.
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What our clients have to say:
I have been a listed attorney for many years with ALQ. I have always been treated very professionally and have never had any problems with the services and referrals. ALQ has provided me with regular, steady and lucrative referrals since the last century.

— Brian M. Sullivan, Attorney, Sullivan & Terranova, Portland, Ore.

In the business of debt collection the creditors I represent count on my company to not only produce good results but to also provide value added good quality service. For the past 40 years the professionals at the American Lawyers Company have helped my business to do just that by listing and bonding top quality legal professionals. If and when I experience any problem with a lawyer listed with ALQ I know that I can count on ALQ to resolve it.

— Jon R. Lunn, Chief Operating Officer, Sko Brenner American, Baldwin, N.Y.

Upcoming Events

March 19, 2013
CLLA Eastern Region 2013 Installation Dinner
The Water Club, New York City

April 11-14, 2013
Commercial Law League of America 83rd Chicago/Spring Meeting & 119th National Convention
Westin Michigan Avenue Hotel — Chicago

May 8-11, 2013
National Association of Retail Collection Attorneys Spring Collection Conference
Caesar's Palace — Las Vegas

Complete schedule of events

Missed last week's issue? See which articles your colleagues read most.

    Mike Ginsberg on the future of collections (
Temporary suspension extends time to collect aged bad debt in New York (Jocelyn R. Nager, Esq., President, Frank, Frank, Goldstein & Nager, P.C., New York)
Does an IRS lien trump your interest in a debtor's property? (Amanda R. Yurechko, Attorney, Weltman, Weinberg & Reis Co., LPA)
Now we know: How much proof do you need for that unsecured claim? (Weltman, Weinberg & Reis Co., LPA)
A mechanic's lien isn't good enough so protect yourself with a bonded stop notice (Howard Goodman)

Don't be left behind. Click here to see what else you missed.


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Thomas W. Hamilton, Executive Vice President, ALQ
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