Secured Creditor Proof of Claim
Unfortunately, your customer has filed for bankruptcy. Fortunately, you are a secured creditor! Now, you need to complete your bankruptcy Proof of Claim.
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Lien on Funds, Stop Notice, and Public Improvement Lien
In some states, there are additional recovery remedies aside from mechanic's liens and bond claims. If you are furnishing to a construction project,...
Lien and Claim Deadlines Based on Completion
Often, mechanic's lien and bond claim deadlines are calculated from the date of your last substantial furnishing. But, did you know, 23 states...
Consignment Filings
Do you sell on consignment? If you allow customers to have possession of goods under a “consignment” agreement prior to the actual sale, you are at...
Demand Letters 101
Demand letters can expedite payment, allow you to maintain control of your collection process and save you money. A demand letter is a strongly...
UCC v PPSA
The U.S.’s Article 9 of the Uniform Commercial Code (UCC) and Canada’s Personal Property Security Act (PPSA) are sets of law that govern commercial...
Learn More about Lien Waivers
In this NCS Extra Credit installment, Jennifer Mach (NCS Customer Relations Specialist) and Jerry Bailey (Executive Sales and Education Services...
9 Collection Documents
Collecting a past due receivable can be difficult, but if your collector has the necessary documentation, debt recovery becomes easier. Providing the...
The Real Cost of a Write Off
It is important to understand the costs associated with a write off. It’s not as simple as “We wrote off $50,000 so we just need to make $50,000...
6 Security Agreement Mistakes
The subjectivity in evaluating credit worthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an...