When you offer credit to a customer, the last thing you want is to eventually turn that customer over to a collection agency. Unfortunately, collections are an inevitable part of […]
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As we move into 2021, it’s safe to say that no one has a good handle on the world’s economy. Sure, there are plenty of opinions, and you may have […]
Continue reading "Risk Management in 2021: How the World’s Volatility is Changing the Landscape"
New York Federal Court Rules the Lenders are Entitled to Keep $500 Million Mistakenly Paid by Citibank Written by David Conaway, Attorney at Law, Shumaker We are closely following Revlon […]
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Collecting delinquent accounts is a challenge. For home furnishings suppliers, it’s vital to build and maintain positive relationships with retail partners – and collecting on an account will only serve […]
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As a furniture manufacturer, offering furniture credit to your customers is necessary. Retailers who want to sell your products will not always have the cash on hand to purchase inventory, […]
Continue reading "Top 5 Ways NOT to Make Dumb Furniture Credit Decisions"
Bankruptcy Code Temporarily Tilts in Favor of Supplier and Landlord Preference Defendants Written by Ronald D.P. Bruckmann of Shumaker, Associate. rbruckmann@shumaker.com For a limited time only, the “Consolidated Appropriations Act, […]
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Chapter 11 Bankruptcy Filings Surge: Winning Solutions for Suppliers in a Zero-Sum Game -Written by David Conaway, Attorney at Law, Shumaker, dconaway@shumaker.com According to the American Bankruptcy Institute, 3,600 companies […]
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Traditional Commercial Collection Agency Vs. Member-Owned Collections What do Neiman Marcus, Stein Mart, and JCPenny all have in common? They each filed Chapter 11 bankruptcy this year (Neiman, luckily, emerged […]
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Trade creditors enter into consignment arrangements with their financially distressed customers to increase the likelihood of payment of their claims.
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In managing credit risk with an insolvent customer, the seasoned credit team also appreciates not just the A/R risk, but the preference risk should the customer […]
Continue reading "Supply Chain Preference Releases in Chapter 11 Retail Cases"