State Credit Managers Optimistic on Economy

By Morrow, Darrell | THE JOURNAL RECORD, October 28, 1994 | Go to article overview

State Credit Managers Optimistic on Economy


Morrow, Darrell, THE JOURNAL RECORD


Optimism for business growth through the fourth quarter is running high nationally and even higher in Oklahoma.

That is the conclusion of the National Association of Credit Management and its Oklahoma division following a third quarter survey, said Michael Brittain, president of the state division.

"The indicators we are seeing in the Oklahoma area, between Tulsa and Oklahoma City, is that the general trend of the turn of receivables is a little faster," Brittain said.

"There isn't as much delinquency and there isn't as much that the creditors are dealing with in terms of past dues. Business bankruptcies seem to be down fairly well in the Oklahoma area.

"I think we are a little ahead of the median of the national survey."

Bankruptcies have slowed in the past 12 to 24 months and are having less disastrous effect on creditors, he said.

"I am not saying we don't have bankruptcies," he noted, "but there seem to be some different trends now. When they happen now there doesn't seem to be much warning. It seems like companies, especially the large ones, are filing Chapter 11 bankruptcies to protect the assets they have.

"While they still have assets, still have cash, but know they are headed for trouble because they have lost their market or lost a big customer, they will file bankruptcy. We don't see this very often, but when we do there hasn't been any red flags that we are used to looking for _ no slow trends, no excuses or problems."

On the other side of that, he said some of the creditors aren't being hurt nearly as badly.

"They get the temporary shock of getting a bankruptcy notice," he added, "but they still come out pretty close to whole on those bankruptcies now, while they didn't used to come out with anything at all.

"Comparing us with the national averages, Oklahoma creditors are, we believe, ahead of the game. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

State Credit Managers Optimistic on Economy
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.