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Government & Collections



Government & Collections



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IRS Taxpayer Advocate Ramps Up Criticism of Private Debt Collection Program
Submitted 1308 days ago
The national taxpayer advocate, Nina Olson, last week expressed a new round of concerns over the IRS private debt collection program in her latest report to Congress. Olson said that monitoring the program was a top priority for her in the coming fiscal year. In a report detailing her office’s agenda for FY 2009, Olson claimed that the IRS is giving the private collectors too much credit f
 
Topic: Government & Collections
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Vallejo Faces Debts of $17 Million in Bankruptcy
Submitted 1351 days ago
As expected, Vallejo, Calif., filed for bankruptcy Friday. The city council had approved the action earlier this month ("Vallejo, Calif. Files for Bankruptcy," May 8).The filing, with the U.S. Bankruptcy Court, Eastern District of California, claims that the municipality “has negotiated in good faith with creditors,” but “these efforts resulted in short-term concession
 
Topic: Government & Collections
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ARM Industry Well-Prepared to Collect for IRS
Submitted 1380 days ago
Our guest blog today is from Kimberly A. Mahoney, a corporate development manager with collection law firm Weltman, Weinberg & Reis Co. Kimberly responds to opponents of the IRS privatization program. I have been following the progress, or considerable lack of it, on the IRS outsourcing issue for the past five years. I have a few comments on recent developments and the opinions expressed by th
 
Topic: Government & Collections
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State-Owned German Bank Sending Collectors after Zimbabwe
Submitted 1380 days ago
A state-owed development bank in Germany is sending an international commercial debt collector after the government of Zimbabwe to recover some $150 million in loans made to the country for infrastructure projects. The action comes two weeks after the collection agency made headlines by attempting to seize a shipment of weapons bound for the African nation. KfW, a German state-controlled d
 
Topic: Government & Collections
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Global Asset-based Financier Launches New Clean Technology Financing Business
Submitted 761 days ago
Wayne, PA -- De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that it has launched a new clean technology financing business focused on the commercial and government space."In a time when many financial institutions are being forced to scale back, De Lage Landen is expanding
 
Topic: Government & Collections
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Senate Passes Health Care Bill; Reconciliation Will Bear Final Benefits
Submitted 775 days ago
On a 60-39 party line vote, the U.S. Senate early Thursday morning passed a bill that will extend health care coverage to more than 30 million Americans. Congress must now reconcile an earlier bill passed by the House with the newly-passed Senate measure.Health care industry and policy experts say any bill that gets more people insured is good for health care providers and the account receivable m
 
Topic: Government & Collections
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Ohio AG Sets Record for Debt Collection with $344 million in Fiscal 2008
Submitted 1296 days ago
The office of the Attorney General of Ohio announced Friday that it had exceeded its own goals for debt collection in 2008 by setting a new record for the fiscal year: $344 million in debt collected for various government agencies in the state. More than 47 percent of the total was collected by private, third-party collection vendors and legal counsel. The state, which saw its 2008 fiscal year e
 
Topic: Government & Collections
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Gila Corporation Recognized as a Compassionate Employer
Submitted 1371 days ago
Gila Corporation, d/b/a Municipal Services Bureau (MSB), has been honored by The Compassionate Friends as a recipient of the 2008 Compassionate Employer Award. The Compassionate Friends is the world’s largest self-help bereavement organization, providing support and friendship to families who have experienced the death of a child. Nominated by one of their own employees, Gila Corporation
 
Topic: Government & Collections
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ED Prepared to Become Student Lender of Last Resort
Submitted 1373 days ago
The U.S. Department of Education is notifying state agencies that it will be ready to process emergency student loans by June 1, according to a report in The Wall Street Journal today. The Journal reports that the government letter is an initial step in the DOE becoming a “lender of last resort” for student loans. The authority to provide these emergency loans was authorized by the l
 
Topic: Government & Collections
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Mila Kunis Video 2011
Submitted 198 days ago
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Topic: Government & Collections