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News Federal Management


Firm Owner Summoned Over Debt Collection

A BUSINESSMAN is to be subpoenaed to appear before the High Court next week after a judge was told gardaí had received information that a “well-known criminal family” had engaged a Limerick person “known to the gardaí” for debt recovery reasons from another businessman. Mr Justice Brian Mc

Huge Increase in Receiverships From Banks

As Irish banks look to debt recovery methods, the number of companies that passed into receivership more than doubled in 2009. In a recent release of figures by the InsolvencyJournal.ie it was revealed that there was an increase of 118% in the amount of receiverships and the total number of insolven

Brighter Outlook for Outsourced Debt Collection

A recent survey has revealed that businesses around the world have an increased likelihood of outsourcing their debt collection requirements in the aftermath of the recent financial crisis. The figures, recently released as results from the Global Collections Review which surveyed over 3500 companie

Collection Industry Braces For CARD Act Challenges

The US debt collection industry is wired as the implementation of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act moves closer. Many debt collectors are expecting large changes as of Feb. 22, when many provisions of the Act take effect, with the primary focus now on adaptin

Debt Collectors Hunt Dubai Defaulters Abroad

Across the UAE, lenders are hiring international debt collection agencies to hunt down customers who owe them money as they attempt to recoup huge losses incurred when thousands of expats skipped the country without clearing their debts, Emirates Business reported on Tuesday. In one example cited b

New Jersey Assembly Consider Debt Collection Bill

For the second time in less than a year, the New Jersey Assembly will consider legislation concerning the debt collection bill. It is being argued that revising the Fair Debt Collections Act would help eliminate harassing, intimidating and abusive debt collection practices and it would also give tho

Federal Management Recruitment Update

LEAD GENERATOR Description We are an ambitious and fast growing National Credit Management company. We currently have a requirement for a dynamic and assertive sales individual for the purpose of lead generation. Key duties will include: Direct contact with new & existing clients. Lead generatio

Optimising Collections While Reducing Costs

As consumer debt stands at an all time high, many financial institutions are under serious pressure to recover these unpaid debts in order to stock up on monetary reserves. Unfortunately, the debt collection process requires company resources which many companies don’t have available. However, wit

US Firm Expands With Purchase of DCA

Collection Associates LLC, a portfolio company of LaSalle Capital Group, has acquired Money Recovery Nationwide, a Landsing, Mich.-based provider of debt collection services to the healthcare industry. No financial terms were disclosed. PRESS RELEASE LaSalle Capital Group, L.P.’s (”LaSalle Capit

Debt Collection Notices Giving IRS Trouble?

Are debt collection notices giving troubles to the IRS? Accoring  to a new report from the Government Accountability Offices, they are! The IRS estimated that in 2001 there was $23billion in unpaid individual income tax debt, which was the agencies most recent figure on the matter. The notice pha