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.Continue reading "FMCA Insights: How Sound Credit Practices Can Set Your Home Furnishings and Accessories Industry up for Long Term Success"
The North Carolina U.S. Bankruptcy Court recently ruled that a chapter 11 trustee for a bankruptcy estate could assert avoidance actions to recover propertyContinue reading "Strike Back at the Empire: Creditors Fight the Strong Arm of the Chapter 11 Trustee (Madoff Update, Too)"
FMCA Insights | Debtors facing collections have several payment options available to resolve the open balance on their account.Continue reading "FMCA Insights: Pros and Cons of Various Payment Options for Furniture Credit Collection Companies"
Success as a manager in the furniture credit industry requires a unique set of skills. Learn how to become a great credit manager here.Continue reading "Essential Knowledge for Every Great Credit Manager"
Residential real estate saw a huge boom, with more than 800,000 new homes sold in 2020. See how this directly boosted home furnishing sales.Continue reading "2021: The Rise of Home Furnishings – How Home Buying Correlates with Home Furnishings Sales"
There is ultimately one thing that motivates people in business to take action – money. That’s why it is important to consider implementing a credit incentive program.Continue reading "How to Encourage More Sales through Credit Incentive Programs"
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.Continue reading "How the Recent Stimulus Will Affect Furniture Retailers"
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 […]Continue reading "A “Black Swan Event”: New York Federal Court Rules that Lenders are Entitled to Keep $500 Million Mistakenly Paid by Citibank"