Business Credit articles from May 2008

Business Credit archives from May 2008

Must-have legal skills: thoughts on what credit managers should know.(commentary)
May 1, 2008... Several credit and legal professionals were asked, "What are the legal must-have skills for credit professionals? What should they know inside and out?" It really came as no surprise that the answers varied as widely as the industries involved...

Domestication of judgments.(selected topic)
May 1, 2008... You went to court and got a judgment against your debtor. That should be it, right? If the debtor does not voluntarily pay the judgment, you will still have to execute on the judgment through a garnishment, levy or other attachment of the...

Is a debtor's credit card payment a preference?(credit column)(MBNA America Bank N.A.)(Case overview)(Column)
May 1, 2008... It is fun to witness, and sometimes be part of a debate among the courts and pundits on an interesting legal issue. This is currently playing out for whether a debtor's payment by credit card is a transfer of an interest of the debtor in...

The devil is in the details.
May 1, 2008... [ILLUSTRATION OMITTED] With the current downturn in the economy anchored to the sinking housing sector, the country is in the midst of some hard times for contractors. Profit margins are shrinking, sales volumes are tumbling, capital is...

How to turn your business around amidst a changing economy.(extra credit)
May 1, 2008... Many business owners and managers report that their industry is changing rapidly and they feel that it's more difficult to do business today than it was just a few short years ago. Certainly, the nightly news is complete with stories of...

Combating payments fraud, treasury and finance professionals tighten controls.(HEADLINE)(Survey)
May 1, 2008... Payments fraud continues to challenge treasury and finance professionals, with almost one-third of respondents to a AFP survey reporting that incidents of fraud increased in 2007 compared to 2006. With 71% of organizations having experienced...

10 things for exporters to keep in mind when arranging standby letters of credit: tips, tricks and facts regarding bid and performance bonds and advance payment guarantees.(international)
May 1, 2008... 1. A letter of credit is a bank's agreement o to pay a specified amount of money upon presentation of documents specified in the letter of credit. Think of it as a certified check that can be cashed by presenting it back to the bank with a...

Anticipatory repudiation: is the force with you?(credit )(Column)
May 1, 2008... Did you ever play the game "Chicken" as a kid (or watch some classmates with more bravado do so)? You know, the game where two people run directly at each other hoping the other will flinch at the last minute and avoid the inevitable and...

Multinational insolvency: chapter 15 and a foreign representative's rights to administrate debtor's assets in the United States.(international)
May 1, 2008... Chapter 15 of the Bankruptcy Code provides a powerful tool for the foreign creditor in seeking satisfaction of a debtor's debts in the United States. One of the most important concerns for local U.S. creditors is the amount of payoff that maybe...

Spotting some simple vulnerabilities.(credit )(Column)
May 1, 2008... The face of business is forever changing. Innovations And technology are constantly taking commerce to new levels and increase the speed at which transactions take place, disregarding county, state and country lines. The world has emerged from...

Hot spots: Brazil.(international)
May 1, 2008... What a difference a few years can make! The economy is about to enjoy another year of strong growth with relatively low inflation. Real gross domestic product expanded by 5.4% in 2007. While wage increases that outstripped inflation powered...

Credit event monitoring: more powerful, flexible and easier to use.(selected topic)
May 1, 2008... When the economy falters, credit managers face trying times--and there's no doubt that this is one of them. After years of cheap and readily available funding, businesses are finding credit harder to come by. For example, U.S. structured...

Credit @ work.
May 1, 2008... Dear Andy, As a relatively new manager, I am finding that dealing with difficult personality types on my staff is easily the most challenging aspect of my job. Do you have any tried-and-true tips for addressing problem employees? ...

A wrench in the gears? Basel II, the credit crunch and an economic slump: what export credit professionals should know.(International feature)
May 1, 2008... [ILLUSTRATION OMITTED] While mainstream media outlets have worked their hardest to paint an uncompromisingly gloomy picture of the global economy, one sector that's received little coverage is the world of U.S. exporters, that is currently...

A new view of the credit process.(selected topic)
May 1, 2008... A few years ago, a CEO asked me how his company can avoid credit losses. I said it was simple: he should act like a fast food restaurant, where the customer orders, then the customer pays, then the customer gets the product. No credit losses....

Low dollar, increased demand creates opportunity for berry exports: world-wide berry demand continues to blossom.(HEADLINE)(Report)
May 1, 2008... The low dollar combined with increased demand for berries has given U.S. farmers the opportunity to expand their exports, according to a recent Rabobank report. According to the report, "Ag Focus--U.S. Berries," the United States has room...

New designees.(Elliot Albirt appointed at LG Electronics U.S.A. Inc.)(Gregory Baltyn appointed at Salton Inc.)(Robert Biggs appointed at Rock-Tenn Co.)
May 1, 2008... Look who recently earned a designation! Congratulations to all. MARCH 10 2008 CBA Elliot Albirt LG Electronics USA Inc. Englewood Cliffs, NJ Keith Anderson Bradner Smith & Co. Elk Grove Village, IL ...

Business Credit Management Awareness and Appreciation Month.(member news)
May 1, 2008... Arizona Governor Janet Napolitano designated April 2008 as Business Credit Management Awareness and Appreciation Month. Congratulations Arizona NACM members!

NACM Gateway Region presents President's Award to David Becket, CCE.(member news)(Brief article)
May 1, 2008... In April, NACM Gateway Region presented its President's Award to David Beckel, CCE. David has been a credit manager for MiTek Industries a manufacturer of steel connectors, wood component manufacturing machinery and provider of software and...

It's a personnel problem: government staffing issues causing payment delays in Middle East.(international)
May 1, 2008... The stereotype of the disinterested, unproductive government employee is probably rooted in the idea widely-held among Americans that administrative processes and complications make it difficult for the government to dismiss its employees and,...

Mexican legal collection system provides poor protection to creditors.(HEADLINE)(Survey)
May 1, 2008... Mexico has a poor legal system when it comes to collection matters that provides little protection for creditors and others doing business there, according to the results of a recent survey. The survey assessed trade risks of emerging...

NACM Scholarship Foundation donors: we're giving credit where credit is due.(Amy Bates of Austin Powder Co.)(Adrienne Murphy of Sandberg Furniture Manufacturing Company, Inc.)(Anthony Dilemia of Aspen Publishers)
May 1, 2008... Thanks to all who have extended the possibilities for others. * [ILLUSTRATION OMITTED] 9ci, Inc. Adrienne Murphy, CCE, Sandberg Furniture Manufacturing Company, Inc. American Check Management American Express One Amy...

NACM Scholarship Foundation.(Rebecca Byerly of Eastman Kodak Co.)(Anthony Garside of Otis Spunkmeyer Inc.)(Larry Glenn of Farmland Foods Inc.)
May 1, 2008... Congratulations to our 2008 recipients EXECUTIVE ENDOWMENT SCHOLARSHIP (EES) RECIPIENTS Melissa Ballou, CCE Southern Graphics Systems Connie Barrett, CCE Northwest Farm Credit Services Holly Brown, CCE Carroll...

SEPA: a catalyst for corporate change.(international)(Single Euro Payments Area)
May 1, 2008... SEPA: Real Cost Saving in a More Certain Environment The past few years have seen corporate treasuries bombarded with material about SEPA (Single Euro Payments Area), much of it urging premature or irrelevant action. This has inevitably...

NACM Credit Manager's Index: report for March 2008.(Report)
May 1, 2008... For the first time since the seasonally adjusted Credit Manager's Index (CMI) was calculated in February 2002, the combined index has fallen below the crucial 50 level, indicating an economic contraction. It was the sixth decline in seven...