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June 23, 2017
Mechanic’s lien rights in Illinois can be “an unpaid contractor’s best friend” according to author William Holthaus Jr. in Illinois Mechanic’s Liens: An Overview of Common Deadlines and Notice Requirements. …
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May 1, 2017
If you are furnishing to a private project in Arizona, read this post to learn five things you should know to secure your right to payment. I recently learned …
April 21, 2017
A prevalent supporting document for UCCs and mechanic’s liens is a personal guarantee; this document frequently makes its ‘grand debut’ once an account is past due and collection proceedings are …
April 7, 2017
In the article Two Ontario Law Reform Changes of Note to Lenders and Lessors, author Jennifer E. Babe reviewed two notable changes to the most recent legislative change for the …
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 …
February 17, 2017
Joint Check Agreements are a common credit tool in the construction industry. We discuss them frequently at NCS. In fact, you can learn more when you review our infographic and …
October 24, 2016
You’ve heard about the Tappan Zee Bridge project, yes? Well, this project has been going on for quite some time, various parties have come on and off the job, some …
August 9, 2016
If you are furnishing to a construction project in Florida, you should bookmark this post! This post is dedicated to serving preliminary notices in Florida and includes pertinent deadlines and …
July 19, 2016
Today’s topic was suggested by colleagues in our Collection Services Group. Because you are a credit professional, it is important you familiarize yourself with a few of the bankruptcy claims …
July 15, 2016
You may recall our previous posts about securing receivables in Mexico via the RUG (if you don’t, check out this blog post & this infographic). Modeled after our Article 9 …
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Education Center