Recently added articles from Business Credit:
Keep trucking with humor.(member greeting)
Jun 01, 2009; ... Sometimes managing business risk isn't about buying the right amount of credit insurance, obtaining a credit report, or analyzing financial statements, but rather dealing with the totally unexpected things that happen in the course of conducting business: the customer who's having a bad ...
Taking the fear out of financial statements.(credit column)
Jun 01, 2009; ... There's a lot to be afraid of in this economy as defaults, delinquencies and insolvencies are on the rise. Markets, both globally and domestically, continue to sputter and sink, placing greater emphasis on the ability of credit managers to recognize the strengths and weaknesses of ...
Traveling for the company.(LIGHTER ACCOUNTS)
Jun 01, 2009; ... Many of us travel, and most of us do so by airplane. At one time I was making about 45 trips a year, and seemed to always be on my way to the airport. The following experience took place during a trip from Atlanta to Greenville, SC. I had finished my business and went back to ...
Credit cards and the credit crisis.(selected topic)
Jun 01, 2009; ... The term "credit crunch" has been used generically to refer to the global banking crisis and, more specifically, to the scarcity of available credit in today's business world. It implies a lack of financing and it's true that loans and credit are hard to come by at the moment, but if you ...
A duck day afternoon.(LIGHTER ACCOUNTS)
Jun 01, 2009; ... I had been on my new job as district credit manager with a steel service center for just a short while when Dick, the group credit manager, decided to accompany me to a credit luncheon and then follow up with a visit to a slow paying customer. After the luncheon, we headed off to the ...
Demystifying Chapter 15 of the Bankruptcy Code.(credit column)
Jun 01, 2009; ... It has been nearly three-and-a-half years since the enactment of the cross-border provisions of Chapter 15 of the Bankruptcy Code. Since then, many Chapter 15 cases have been commenced in the United States Bankruptcy Courts. However, despite the large number of Chapter 15 filings, there ...
Thinking globally, working locally: a new era in credit insurance to manage risks in a changing economy.
Jun 01, 2009; ... [ILLUSTRATION OMITTED] The United States has quickly grown from a string of fledgling colonies trying to buck the rule of one of the world's most influential nations into a global economic, military and political powerhouse. On July 4, 1776, the budding U.S. declared its ...
Cashing in on a pickled IOU.(LIGHTER ACCOUNTS)
Jun 01, 2009; ... While underwriting credit risk for a previous employer, one of our customers in a poor island country experienced a fire at his food production facility. As a result of this fire, production was lost for several months and the customer, who had previously sported a stable but weak credit ...
I.C.E. Conference offers executive education and accommodations.(international: FCIB)
Jun 01, 2009 ... Some of the sharpest minds in the world of international credit management recently gathered at the Drake Hotel in Chicago, IL for FCIB's International Credit Executives (I.C.E.) Conference. Attendees were treated to a wealth of rich networking opportunities in the Drake's elegant ...
Be careful what you say.(LIGHTER ACCOUNTS)
Jun 01, 2009; ... I worked for a large firm that, many years ago, decided to sell their carpet manufacturing division. When it did so--even though I was not previously charged with that division--I inherited the balance of A/R, which was not sold as part of the deal, and the claims/chargebacks associated ...
Just when you think you've seen ... or smelled ... it all.(LIGHTER ACCOUNTS)
Jun 01, 2009; ... I have been a credit professional for over 25 years. I, like most of us, did not set out to be a credit manager, but rather was funneled into the position via accounting. In the beginning, I never expected that a career in credit management would afford me so many varied experiences with ...
Dear Andy.(credit @ work)
Jun 01, 2009 ... [ILLUSTRATION OMITTED] Dear Andy, My credit department is working harder than ever but is under continually increasing pressure to meet business targets. My team members are stressed, but we're not in a position to add staff right now. Do you have any tips on how I ...
A return to form: in the wake of the global financial crisis: tradition is the new innovation and credit risk management is ready for its close-up.(International feature)
Jun 01, 2009; ... [ILLUSTRATION OMITTED] If all the financial world is a stage, then it could be argued that credit controls the curtains. As a profession, credit and risk management has operated in the wings, charged with protecting a company's assets and judging who sees what of their goods and ...
Pay to play: liquidation of assets using Chapter 11 should provide unsecured creditors with a share of the proceeds.(credit column)
Jun 01, 2009; ... Most Chapter 11 cases are filed in today's economic downturn to sell assets under Section 363(b) of the Bankruptcy Code. This section allows a debtor to sell its assets to a purchaser after notice and a hearing. The purchaser is able to obtain the assets free of any liens or claims of ...
Mechanic's liens and bonds--it's a simple concept: part 1.(selected topic)
Jun 01, 2009; ... It's a simple concept: the owner of a piece of real property should not be able to retain the benefits of an improvement without paying for it. Mechanic's lien laws are the result of a policy intended to protect unpaid contributors to an improvement of real property against the unjust ...
Hot spots: Kazakhstan.(international)
Jun 01, 2009; ... After spending large amounts from shrinking official foreign exchange reserves, the government decided last February to devalue the tenge. Contrary to the rumors that preceded this decision, it opted for a straight, one-shot debasement instead of copying the Russian policy of letting the ...
It makes cents for all of us.(NACM Scholarship Foundation Donors)
Jun 01, 2009 ... Thanks to all who have extended the possibilities to others. Your support helps keep the business credit community strong and united. * ACM Payment Processing Solutions Aero Products International Jerry Ahlrich, NACM South Central Region Renee ...
Credit card payments as preferences: the Sixth Circuit joins the bandwagon.(credit column)
Jun 01, 2009; ... The law never stands still. That's what's so great about it! Eighteen months ago, the courts were debating whether a debtor's use of a credit card to pay off the debtor's indebtedness to another credit card issuer or other third party is a transfer of an interest of the debtor in property ...
FTC delays mandatory compliance with "Red Flags" rules.(EYE ON THE HILL: NACM)
Jun 01, 2009 ... After realizing a persistent haze of uncertainty still exists regarding some of the ambiguous wording in its "Red Flags" Regulations, the Federal Trade Commission (FTC) has decided to delay enforcement until August 1, 2009 and will soon release a template to help affected companies plan ...
Managing during the credit crunch: five best practices for effective credit and collections management.(selected topic)
Jun 01, 2009; ... Companies all over the globe have been seeking alternatives to borrowing and at the same time are looking to improve their cash collection practices. While challenging, these goals can be met by leveraging best practices and automated order-to-cash solutions. By automating workflows around ...