DIP Financing: What Is It? Who Provides It?
DIP Financing: What Is It? Who Provides It? What If You Filed a UCC? DIP stands for Debtor in Possession. When a business files for chapter 11...
Credit Risk Management (4)
Unsecured Creditors in Retail Bankruptcy Lose Out
The Importance of Being a Secured Creditor in Today’s Retail Climate In today’s highly credit-based economy, the looming threat of debtor bankruptcy...
UCCs and Liens Make Your Company a Payment Priority
Use UCC Filings and Mechanic’s Liens to Make Your Company a Payment Priority Businesses prioritize how, when and which vendors are paid and often pay...
Carefully Review Settlement Agreements
Carefully Review the Settlement Agreement & Be Prepared to Accept the Terms of the Agreement In Degraw Const. Group, Inc. v. McGowan Bldrs., Inc.,...
Four Signs Your Customer May Be in Financial Distress
Four Signs Your Customer May Be in Financial Distress Business failure is inevitable. It is imperative that you, as a creditor, protect yourself from...
3 in 3 Bankruptcy Proof of Claim
3-in-3 Topic is Bankruptcy Proof of Claim Today’s 3-in-3 features Danielle Moon. Read on to learn more about the ABCs of a Bankruptcy Proof of Claim.
Standby Letter of Credit Shows Willingness & Ability to Pay
What is a Standby Letter of Credit? A Standby Letter of Credit is a written guarantee issued by a bank to pay on behalf of their customer in the...
Credit Survival Guide: Proof of Claim
Credit Survival Guide: Proof of Claim Maybe you heard it from a colleague, maybe you were notified by your customer’s bank, maybe you saw it online...
What Should I Know About Attorney Collection Expenses?
Today’s 3-in-3 Topic is: What Costs Should I Expect with Attorney Collection Efforts? Today we sat down with Danielle Moon to discuss attorney...
Learn More about Contingent Collections
Learning More About Contingent Collections: What Is a Contingent Collection? You may be asking yourself what is meant by a contingent collection....