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credit management

FMCA Insights: How Sound Credit Practices Can Set Your Home Furnishings and Accessories Industry up for Long Term Success

Posted on Education, Collections, Newsby David Johnston

From time to time, it’s good to step back and think about how properly managing credit in your home furnishings company can help drive greater results in the years to come. Let’s look at what a healthy credit department can mean for a home furnishings and accessories company over the long haul.

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stimulus

How the Recent Stimulus Will Affect Furniture Retailers

Posted on Collections, Education, Newsby David Johnston

One of the many measures used to counteract the effects of the COVID-19 pandemic has been direct economic stimulus payments to millions of Americans. While the amount received by each person or family depended on variables like income level and number of dependents, the vast majority of Americans received multiple payments during the pandemic.

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money_lenders

A “Black Swan Event”: New York Federal Court Rules that Lenders are Entitled to Keep $500 Million Mistakenly Paid by Citibank

Posted on Newsby David Johnston

Written by David Conaway, Attorney at Law, Shumaker We are closely following Revlon on behalf of several creditor interests. In the context of Revlon’s series of complex re-financings and roll-up transactions in May 2020, human error caused a $500 million loss for Citibank. On February 16, 2021, in the case of In re Citibank August […]

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