WDKY Holds that Service Charge on Delinquent Account Violates Kentucky Usury...
PSI, a debt collector, sought to collect a delinquent account from Grace, a consumer who had received medical services in the emergency room of a Louisville hospital. She failed to pay her bill, and...
View ArticleProtecting the Lender: Strategies for Extending Credit to Health Care Providers
Contrary to popular belief, lending to a doctor is risky business. The business of a health care provider is specialized, and therefore requires specialized lending. Lenders cannot simply repackage...
View ArticleCollecting Charge-Offs: A Valuable Source of Revenue (Part Two of Three-Part...
In this three-part series, Stites & Harbison (“S&H”) is examining the opportunities banks have to recover the large amount of loans that were charged off in the Great...
View ArticleJudge Vacates $22 Million Verdict and Orders New Trial
Jefferson Circuit Judge Jim Shake vacated jury verdicts against several banks in a major lender liability/mortgage fraud case in Louisville. The verdict, one of the largest ever in a Kentucky lender...
View ArticleIdle Threats of Bankruptcy after Ice House America, LLC
In almost every out-of-court workout situation, when the negotiations get tough and the debtor does not like the terms proposed by the creditor, it is more than common for the debtor to state:...
View ArticleFlorida Law Permits Limitations of Liability Clauses for Design Professionals
Florida enacted legislation making limitation of liability clauses for design professionals enforceable when certain conditions are met. The new law, passed last year, reverses the decision of a...
View Article8 Tips on U.S.P.T.O. Examiner Interviews
The author has practiced patent prosecution close to the U.S. Patent and Trademark Office for more than 30 years. He conducts examiner interviews on a regular basis and has conducted approximately...
View ArticleGet Your Disclosures On! - The FTC and Operation Full Disclosure
Sixty companies received warning letters from the Federal Trade Commission in September advising that disclosures, the so-called “small print” in advertising, were inadequate to...
View ArticleLabor Department Issues Final Rule to Establish a Minimum Wage for Federal...
On October 1, 2014, the United States Department of Labor issued a Final Rule to establish a minimum wage of $10.10 per hour for certain federal contractors beginning January 1, 2015. The rule...
View ArticleCollecting Attorney's Fees - To Sue or Not To Sue?
Some creditors believe that they can only collect contractual attorney’s fees if their attorney files suit against the debtor and obtains judgment. That is not the case. Creditors do not have...
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