Bankruptcy

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What specific steps do AR and credit pros need to take to protect their companies’ interests when dealing with an insolvent Canadian commercial debtor? (For an overall description of Canada’s

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In 2015, the U.S. exported over $280 billion worth of goods to Canada, and imported over $295 billion. In terms of U.S. exports, Canada is the number-one U.S. trading partner, and in terms of U.S.

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By Bob SeftonThe ultimate threat to AR—and risk to the company—is the notification of a bankruptcy issued by the courts for one of the customers that owes you money. If this happens, there are

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While overall U.S. corporate bankruptcies fell in 2015 for the 7th  consecutive year, rock-bottom interest rates maintained by the Fed during that period have been a key factor in this trend,

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Suppliers want their customers to succeed, thrive even. Good business for the customer means good business for the supplier. Unfortunately, even the seemingly best of customers can lose their grip on… Read More

By adopting the following set of best practices when a customer files for bankruptcy protection, AR and credit pros can adjust their department’s policies to fit the concrete circumstances and

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The first official bankruptcy laws were created under Henry VIII in 1542. Unlike modern bankruptcy laws, the early English bankruptcy laws were designed to punish the debtor. In fact, being bankrupt… Read More

By Ronald Clifford Failure to carry out your responsibility to submit proofs of claim to the bankruptcy court by the “bar date” can put your company’s claim for payment against the debtor at

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Customer bankruptcies are inevitable. In 2012 alone, there were over 40,000 business bankruptcies filed with the United States Bankruptcy Courts. But with a little preparation, credit managers can… Read More

By Bradley Blakeley Whether an e-mail will hold up in court as evidence and aid your company's case is far from a given. To be admitted as evidence, such documents must be "authenticated." The recent

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