Business Credit articles from May 2009

Business Credit archives from May 2009

June.(Calendar)
May 1, 2009... Jun 1 Paperwork Deadline for Nationwide Certification (CBA/CBF/CCE) Exams NACM Education Dept. 410-740-5560 Jun 1 Online Course Registration Opens for the September Sessions of Accounting, Business Law and Credit Law ...

July.(Calendar)
May 1, 2009... Jul 6 Teleconference: Construction Credit: Credit's Role in Negotiating Fair Contracts Presenter: Greg Powelson NACM Meetings Dept. 410-740-5560 Jul 16 CFDD Audio Teleconference NACM Meetings Dept, 410-740-5560 ...

Why now is the time for business credit advocacy.(commentary)
May 1, 2009... This year, there has been a growing interest on Capitol Hill regarding the impact of the Bankruptcy Code on the economy and on the ability to realize a timely and vigorous economic recovery. To this end, the House Judiciary Committee convened a...

Liquidate or rehabilitate?(credit column)(Company overview)
May 1, 2009... Bankruptcy has never been a popular subject, or at least never something to brag about, but the rap it's received recently from regulators, legislators and the press has been somewhat vicious. Say what you will about the worth of the process...

The great 21st century depression: one credit manager's perspective.(extra credit)
May 1, 2009... It seems that our economy has reached a tipping point, spiraling down to a crash not seen since the Great Depression of the 1930s. In addition, many people would say we as a nation have lost our work ethic. Everyone wants to retire at 50, and...

Clearing the haze: addressing some lingering concerns about the FTC's Red Flags Rules.
May 1, 2009... The woes of identity theft for both businesses and individuals have been compounded to near numbing levels. Billions upon billions of dollars each year are bled out of the nation's economy through a variety of crimes and schemes, and it's now...

Small claims is a breeze.(extra credit)
May 1, 2009... My first position as a credit manager was at a local seafood company here in St. Louis. It was decided in the interest of saving money, that I would do all of my own small claims cases. After a few days of training I began haunting the...

Preference dynamic duo II: whatever happened to the small preference venue limitation? And yes, there is an ordinary course of business defense!(credit column)
May 1, 2009... Boy, with the increase in bankruptcy filings starting in the middle of 2007 and accelerating in 2008 and 2009, preferences are not going away, and continue to be a source of aggravation for trade creditors. Many pundits predicted that the...

Spring cleaning: improving collections results in a tough economy.(selected topic)
May 1, 2009... Commercial collectors are facing one of the most challenging collections environments in a generation. With the economy now more than a full year into an official recession and with many banks unable or unwilling to provide debt financing,...

Building your network strategically.(extra credit)
May 1, 2009... We all know that the economy has shifted; how could you not know it? The economy is what the economy is; we can stay up nights worrying about it, but that achieves nothing. As I network and have the opportunity to speak with people, I have...

Hot Spots: Iraq.(international)
May 1, 2009... While the collapse of world market prices for oil has clearly worsened the outlook for Iraq's external accounts, the country is not facing any insuperable problems on this score. Its old foreign debt has been largely forgiven or rescheduled....

Report for March 2009: NACM credit managers' index.
May 1, 2009... Combined Sectors The seasonally adjusted Credit Managers' Index (CMI) rose another 0.5% in March after rising by 2.5% in February. This two-month increase broke a lengthy string of negative readings and matches up well with other data that...

Creditors' committees: what you should consider before deciding to serve.(credit column)
May 1, 2009... With the rapid increase in Chapter 11 filings, creditors are likely to receive invitations to organizational meetings for creditors' committees. The question arises again and again--should a busy credit professional take the time to participate...

Your customer files bankruptcy: a checklist of what to do.(TRADELINE)
May 1, 2009... Just when you begin to think all is right with the world, you are told that one of your customers has filed for bankruptcy. Here is a checklist of some actions you should take immediately and others you should consider taking to help protect...

Legal migration: what's different and what's not in international insolvency.(international feature)
May 1, 2009... Air travel no longer constitutes the glamorous gig it once might have, due mainly to the indignities that flyers suffer at the hands of stringent and frequently humorless security personnel. Other changes dulling the allure of plane travel...

Results from the economic impact on business credit & A/R survey February 2009.(selected topic)
May 1, 2009... The Credit Research Foundation (CRF) conducted its second survey of business-to-business credit professionals in North America from February 2 through February 27, 2009 to examine how the current economic downturn may be affecting credit...

Stepping in time: unifying cross-functional relationships to mitigate risk and improve cash flow.(credit column)
May 1, 2009... The ultimate priority of the credit department is to mitigate risk--to protect the company's largest asset, which is typically accounts receivable (A/R). The task is not an easy one, as a customer's creditworthiness, ability to pay and even...

Dear Andy.(credit @ work)
May 1, 2009... [ILLUSTRATION OMITTED] Although my department currently has a hiring freeze in place, I am told I am authorized to bring in temporary staff as needed to manage through busy periods. Do you have any suggestions for getting the most out of...

Make your workplace a magic kingdom: business lessons from Walt Disney.(extra credit)
May 1, 2009... Even though the name "Walt Disney" is synonymous with creativity and the Walt Disney Company is one of the largest and most successful media and entertainment corporations in the world, many business professionals scoff at the idea of embracing...

Let's make a deal!(credit column)
May 1, 2009... To sell or not to sell your claim. That is often the issue confronting unsecured creditors in medium to large corporate bankruptcies. The buying and selling of claims is often referred to as "claims trading." This somewhat hidden and virtually...

New designees.
May 1, 2009... Congratulations to all who earned a designation by passing the March 9, 2009 exams! CBA Michael Altman I-Behavior, Inc. Louisville, CO Janet Ames Crescent Electric Supply East Dubuque, IL Amanda Aragon ...