Out of Shape? The ’24 Hour Fitness’ Financial Failure
Out of Shape? The ’24 Hour Fitness’ Financial Failure In June, 24 Hour Fitness, a national gym chain, filed for Chapter 11 bankruptcy protection;...
Bankruptcy (3)
Your Credit-Granting Processes & COVID-19
The Impact of COVID-19 on Your Credit-Granting Processes We recently asked our clients whether the COVID-19 pandemic is impacting their...
Your Credit Management Arsenal & COVID-19
COVID-19 and Your Credit Management Arsenal If you extend credit, you are vulnerable to risk — whether furnishing to a single construction project or...
Commercial Credit Management Tips for Collections
10 Tips for Commercial Credit Management of Collections I’m excited to share some of my favorite commercial credit management tips from NCS. In this...
The Retail Bankruptcy Apocalypse
Run! It’s the Retail Bankruptcy Apocalypse “The Retail Bankruptcy Apocalypse!” A phrase you have likely heard or read in the news; perhaps written in...
Not a Secured Creditor? Aim To Be Critical Vendor
If You Aren’t a Secured Creditor, Maybe You Can Be a Critical Vendor You want to be a secured creditor! This is our mantra, it’s what we do: Securing...
Construction Lienholder Group Wins in Bankruptcy
Grab Your Rally Cap! Construction Lienholder Group Wins in Bankruptcy If ever there were a time in construction litigation for folks to put on their...
Close Call with Terminated UCC Filing
Close Call with Terminated UCC Filing In a recent bankruptcy case, one creditor squeaked by and maintained its secured position despite accidentally...
There’s No Ice Cream in Bankruptcy. Wait, What?!
There’s No Ice Cream in Bankruptcy. Wait, What?! In bankruptcy, we frequently hear terms like preference payment, claw back, and new value. What do...
UCCs Have Priority Over 503(b)(9) Claims
503(b)(9) Claims & Consignment Agreements are No Match for Properly Perfected UCCs Businesses file for bankruptcy protection; it is an unfortunate...