Bankruptcy

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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Financially-troubled companies that want to liquidate may use an Assignment for the Benefit of Creditors (ABC) procedure that is available under some states' laws, instead of filing for Chapter 7… Read More

For AR and credit professionals, assessing the financial health of critical suppliers means extending the expertise of your AR and credit functions beyond their traditional area of investigating the

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When OnLive debuted, the California-based cloud gaming company created lots of buzz. Web sites, blogs and numerous media outlets featured its plans to stream video games over the internet to… Read More

By Johnny White This article provides an overview of the potential issues that can arise in this context, as well as specific pointers for AR and credit professional to avoid countersuits. While the

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A recent AR&O2C study found more than half – 56 percent – of the respondents had a customer who was not seriously delinquent file for bankruptcy. Some 52 percent reported they had been… Read More