Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 112, No. 5, May

Attachment Disorder: Is Contrary Virginia Mechanic's Lien Ruling a Rogue Decision with Little Reach or the Opening of the Flood Gates?
[ILLUSTRATION OMITTED] Although the language of mechanic's lien statutes varies from state to state, it has almost universally been held that only materials directly annexed/ attached to the physical structure qualify as items eligible to be included...
Can a Paid Supplier Be Worse off under the Bankruptcy Code Than If Unpaid?
In United Rentals, Inc. v. Angell, the U.S. Fourth Circuit Court of Appeals has held that a bankruptcy preference occurred when a creditor with both mechanic's lien and bond rights received a payment ("Transfer") during the preference period. The creditor...
CICP Designation Spreading throughout the Globe
So, just how valuable is a Certified International Credit Professional (CICP) designation in the world of international credit and trade finance? Perhaps more importantly, with more than 1,000 credit professionals in at least 42 nations who have earned...
Collecting for Commercial Accounts
One of my Malaysian clients played me a voicemail he received from an American collector. He said, "Steve, this is how I want my guys to sound." The American collector sounded warm but serious. She needed the money now but would gladly work with the...
Credit@work
Dear Andy,As everyone knows, the job market has changed a lot in the past year, with many people pursuing fewer open positions. Given the number of resumes I get each week, is there really any reason for me to take the time I used to take in responding...
Flexible Staffing Options Offer Advantages Year in and Year Out
With economic news changing from one day and week to the next, businesses in every industry continue to try to read the economic tea leaves. One of the most pressing issues for many is whether it's time to hire staff. No company wants to be caught...
Gaining a Clearer Picture of Small Business Risk in an Uncertain Market
One of the most pressing questions credit managers and lenders face today is, "Are we seeing the light at the end of the proverbial economic tunnel, or is that really just another oncoming train?" For small businesses in particular, there are indications...
Hot Spots: Chile
Just minutes before recently elected President Sebastian Pinera formally donned the sash of office, several severe aftershocks, following the devastating earthquake in February and rattling Santiago and Valparaiso, reminded him and his entourage that...
Hot Spots: Chile
Just minutes before recently elected Sebastian Pinera formally donned the sash of several severe aftershocks, following the earthquake in February and rattling Santiago and paraiso, reminded him and his entourage that he not have the luxury of a political...
Jobs, Exports and the Yuan: Pressure Builds on China for Currency Reform
Following two decades of economic liberalization, the World Trade Organization (WTO) accepted China into its ranks in 2001 and the country officially became a permanent member in 2006. But even before the country joined, China's GDP growth had been...
Judgment Brings Victory
Recently, I had a building contractor who had been a satisfactory customer for a couple of years. He and his partner were building multi-family housing units in several areas in Waco. I thought I had collected all the information I needed, the legal...
Legislative Lookout: Measures Proposed and Enacted That Could Affect B2B Credit
[ILLUSTRATION OMITTED] Both sides of the political aisle were left battered and bruised in the wake of the passage of health care reform. The process dominated headlines for the first third of the year, with the GOP condemning the legislation...
New Designees
Congratulations to all who earned a designation by passing the March 8, 2010 exams! CBA Pam Borden Olin Corp Athens, TN Pamela Bowman NACM-National Columbia, MD Diane Brand H D Supply Waterworks, Ltd. Puyallup, WA Jennifer...
No Good Deed Goes Unpunished: Weighing the Exercise of Prudent Collection Techniques against Future Preferential Exposure
Savvy credit professionals frequently find themselves caught between remedies exercised under Article 2 of the Uniform Commercial Code (UCC) - as a customer slides into bankruptcy and later defending these actions when sued for receiving alleged preferential...
No Good Deed Goes Unpunished; Weighing the Exercise of Prudent Collection Techniques against Future Preferential Exposure
Savvy credit professionals frequently find themselves caught between remedies exercised under Article 2 of the Uniform Commercial Code (UCC)--as a customer slides into bankruptcy and later defending these actions when sued for receiving alleged preferential...
One Ring, to Go!
A few years ago, our company was selling food to a small restaurant located in a motel about ten miles from our office. The restaurant owner had not been paying her invoices on a timely basis and finally failed to pay any invoices. After several demand...
Past Accounts
75 years ago. ..1935"The rewards for business in the years ahead will be more conservative. The participation in these rewards will be selective rather than general. The profits will go to the alert and the industrious rather than to those who drift...
Report for March 2010
The most striking aspect of this month's Credit Managers Index (CMI), issued by the National Association of Credit Management (NACM), is that sales in both the manufacturing and service sectors jumped--and at a pace not seen in over a year. This reinforces...
The History of Credit Cards
The credit card industry is undergoing a major transformation as a result of the Credit CARD Act and significant policy changes by issuers. Credit card loans are much more expensive as issuers make changes to bring in the most revenue possible through...
The Need for Speed: Is the Rapid Pace of Filings in the New Era of Bankruptcies Setting the Stage for More Failures?
Expedited bankruptcy proceedings continue to seem as much a rule of late as the exception for struggling companies, at least large ones, as the economy continues to search for a robust recovery. And while a research study from ratings agency Standard...
The Preference War of 2004
It was just over five years ago that I completed one of the most challenging and unique tasks in my career. The company that I was with had just completed their defense of a seven-figure preference lawsuit. While it was not a complete victory for our...
Vendors Beware: The Risk of a Debtor's Unauthorized Post-Petition Payments for Post-Petition Goods or Services
You like horror stories? Well here is a doozy! Close your eyes and just imagine that your company had sold goods on cash-in-advance terms to a Chapter 11 debtor. The debtor paid approximately $1.9 million to your company in exchange for your sale and...
What's Happening Globally
World trade is rebounding strongly from the depressed levels of 2008-09. The projected growth in world trade for 2010 has been revised upwards from 5.6% to 6%. This follows a decline of 9.4% in 2009. While protectionism has mostly been contained up...
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