Overview

In a unanimous decision, the U.S. Supreme Court ruled that secured lenders had the right to credit bid – or use their secured collateral in lieu of cash – at bankruptcy auctions. Under credit

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“In spite of assurances from the government to the contrary, U.S. banks aren’t lending to small and medium sized businesses,” notes The CFO Alliance, a professional network of finance leaders.

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Overall, use of credit insurance in the United States has been growing by 20 percent to 25 percent annually for the past five years, reports Atradius, a provider (see listing at end of article).… Read More

When Senate Banking Committee chairman Chris Dodd and Massachusetts Representative Barney Frank proposed the Dodd-Frank Wall Street Reform and Consumer Protection Act on Dec. 2, 2009, the legislation… Read More

AR managers who work at affected corporations should immediately alert their CFOs and tax attorneys to the new rule. Under its terms, companies that have not utilized the valuable tool of factoring

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Below are lists of proven credit department best practices. By attending credit group discussions and joining networks you can learn what other companies in your field are doing. Proven Credit… Read More

One way to sell to less creditworthy customers without taking on excessive risk, gaining a significant competitive advantage in the process, is to sell under a form of secured transaction known as

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What a history! For more than 135 years, industry credit groups have been meeting, exchanging information and ideas. Today, many of these credit circles, as the early peer-to-peer meetings have… Read More

We live in a Googled world, where people check each other out before first dates, and lost classmates refuse to stay lost. Businesses, however, have more than a nosy interest in researching

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A new client is great news, right? Well, except when it isn't. Sometimes you have to make the call not to extend trade credit to a new business, or to stop extending credit to an already established… Read More