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NCS COVID-19 State and County Updates
November 15, 2019
“The Retail Bankruptcy Apocalypse!” A phrase you have likely heard or read in the news; perhaps written in scary font from a 1950’s horror movie. The consistent roll call of …
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July 19, 2019
In a bankruptcy proceeding, who has priority over the proceeds from consigned goods? Is it the bankruptcy trustee or the consignor of the goods? The answer in this case depended …
May 10, 2019
Consignment creditors in the Sports Authority bankruptcy have been dealt a crushing blow with the Court’s recent decision: Sports Authority was not “substantially engaged” in consignment sales. What does the …
December 17, 2018
As originally published in the Credit Research Foundation 4Q 2018 CRF News Businesses file for bankruptcy protection; it is an unfortunate and uncontrollable reality. Considering the likelihood of debtor default, …
August 10, 2018
The next time you take a trip to your favorite retailer, stop for a moment and think about the various goods for sale. Did the retailer order and pay up …
January 22, 2018
Consignment is often confused with Bailment and vice versa. While they are different, they do have similar characteristics. For example, under both consignment and bailment, the ultimate ownership of the …
April 24, 2017
Blanket Filings, Consignment Filings and PMSI Filings are commonly used by creditors who supply to the food, beverage and hospitality industries. As a matter of fact, we’ve already covered these …
April 4, 2017
Previously we discussed how Blanket Filings and Consignment Filings can reduce risk when supplying to the food, beverage & hospitality industries. Now let’s discuss PMSI in Inventory and PMSI in …
March 13, 2017
The restaurant, beverage and hospitality industries are massive. The National Restaurant Association projected the commercial restaurant services sales would reach $783 billion by the end of 2016, which is about …
February 24, 2017
“Bankruptcy? When the economy is doing OK? Nah, I don’t have anything to worry about; I only sell to good customers.” Good customers. Of course, why didn’t I think …
February 20, 2017
Statistic Brain reports that only 47% of retail entities are still in business after their 4th year. And grocery stores sit in the #3 spot of businesses with the worst …
December 23, 2016
If you allow customers to possess goods under a “consignment” agreement prior to the actual sale, you are at risk of losing your rights in the goods. Download this flipbook …
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