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Our website is best known as a place to access the premier law firms specializing in collections and bankruptcy. However, many visit for yet another reason: they have a need for a specific service or product.

On our home page you'll see a link called Industry Resources. One click reveals dozens of companies offering products and services of special interest to law firms, debt buyers, commercial and consumer collection agencies, credit manager associations, credit insurance companies and third parties acting on behalf of creditors. Many and diverse, these resources include background investigations, skip tracers, process servers, credit information services, collection software, bank account locators and many more.

I invite you to have a look sometime.

Thomas W. Hamilton

 Industry News

Supreme Court decision clears the air on recovering costs in successful FDCPA defense cases
WW&R Advisory
In a decision released on Feb. 26, 2013, the U.S. Supreme Court upheld a 10th Circuit ruling that a successful defendant in a Fair Debt Collection Practices Act suit may recover its costs incurred without having to show "bad faith" or "harassment" on the part of the plaintiff. The Supreme Court's affirmation will have sweeping effects for both FDCPA plaintiffs and prospective debt collector defendants.
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US Supreme Court rules for industry in ACA International-backed case
ACA International
On Tuesday, Feb. 26, 2013, the United States Supreme Court ruled 7-2 in favor of the ARM industry in the case of Marx v. General Revenue Corporation. Despite the filing of an amicus brief by the Consumer Financial Protection Bureau in support of the consumer's position, the Supreme Court ruled that a party who wins an FDCPA case with a successful defense is not prohibited by the FDCPA from being awarded costs even when the lawsuit was brought in good faith or without intent to harass. This means that a defendant who is successful in an FDCPA action may be awarded costs regardless of whether the case was frivolous or not.
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State shuts down two debt collectors in Buffalo, N.Y.
The Buffalo News
New York's state attorney general has ordered two Buffalo debt collectors shut down for deceptive practices. Attorney General Eric T. Schneiderman recently announced that he has ordered International Arbitration Services and Hearshe Kemp to close after investigators determined that the firms had lied about their credentials to intimidate consumers and avoid state oversight. The companies were also fined $10,000 apiece.
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Credit and risk management through 2010 to 2013
by Neil Wood, Chairman, GCS Risk
Risk management is a term that originated in the insurance industry back in the 1900's, and was used by those selling insurance services to describe how a person, or company, could reduce or mitigate the risk they, their families or company management may be exposed to.
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Big banks face investigation into whether they helped debt collectors pursue faulty judgments
Reuters via The Huffington Post
The largest U.S. banks face a multi-state investigation into whether they helped debt collectors pursue faulty judgments against credit card customers, according to people familiar with the matter. At issue is whether weak record-keeping by banks or a failure to pass accurate information to collection agencies harmed consumers.
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A deal between debt collectors
The Motley Fool
Recently, Encore Capital Group had announced that it would acquire Asset Acceptance Capital Corp for $6.50 per share, with the total transaction value of $200 million, a 13 precent premium to Asset Acceptance's recent closing price. Since November 2012, Asset Acceptance has risen by more than 65 percent, from $4.20 per share to $6.46 per share. Is a $6.50 price tag a fair value for Asset Acceptance? Is Encore Capital a buy after this acquisition? Let's find out.
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What our clients have to say:
Our company has been utilizing American Lawyers Quarterly for over 15 years to help build our network of collection attorneys. From the start, they took the time to learn the type of attorney we liked to work with and have always matched us with a firm which meets that criteria. If there has ever been a problem or issue, they have always been very prompt in addressing our needs. Over the years we have developed a great partnership with Tom and Nancy Hamilton and their staff and would recommend the ALQ to anyone looking to build a solid network of collection attorneys to represent their clientele.

— Tony Terry, President, CRF Solutions, Simi Valley, Calif.

Our law office works in 2 locations in Texas. We have been a listee with ALQ for years. ALQ has been and remains a placement service for those clients and agencies who look to collect obligations created in business. We have found ALQ to be one of the best servicing entities in the field. ALQ pays close attention to solving problems as they occur but is mostly noted for great service across the board. I strongly recommend ALQ to anyone in need of locating attorneys to assist in collections.

— D.M. Freedman, Attorney, Freedman & Price, P.C., Missouri City, Texas

Upcoming Events

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

July 13-14, 2013
IACC Midyear Conference
Manchester Grand Hyatt – San Diego

Complete schedule of events

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

    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)
Bringing suit against a debtor: What you have to prove to win (Credit-to-Cash Advisor)
Former bank executive charged in collection agency bribery case (Collections & Credit Risk)
NACM opposes Virginia bill that would cool exchange of commercial credit information (Review Panda)
Changing the bankruptcy code (The Deal Pipeline)

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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