The “I Can Do It” Trap When collecting past-due accounts receivable (A/R), there is a point of diminishing returns at which the efforts of a lay person just can’t produce the results that can be attained by a qualified… Read More ›
Commercial collections
How Creditors Use Accounts Receivable Aging Reports
Savvy credit grantors track the aging of their Accounts Receivable. This enables them to determine the financial health of their customers. They categorize them according to how long invoices have been outstanding. If an Accounts Receivable Aging Report shows that a customer’s receivables are being… Read More ›
Upfront Identifiers Key to Collecting Overdue Receivables
We recently wrote about the “Top 7 Pitfalls to Avoid with Overdue Receivables.” Not following the tip given to us recently by Mason, Schilling & Mason Co., LPA, could add Pitfall #8: “Not getting all the personal and business identifiers… Read More ›
Top 7 Pitfalls to Avoid with Overdue Receivables
Savvy commercial creditors, small business owners, account managers and forwarders have learned to avoid these 7 pitfalls that make it more difficult to collect overdue receivables. Check this list to make sure you haven’t overlooked something that could help you… Read More ›
Retail & Restaurant Bankruptcies: What are creditors’ options when they close?
Within the past year, I’ve driven up to three of my favorite casual dining restaurants—Applebee’s, Paradise Bakery, Sweet Tomatoes—only to find that they had closed. According to the Internet, which is not always up-to-date, some locations are still open. However……. Read More ›
How to Get Higher Returns for Non-Performing Judgments
Today’s blog was written with the help and expertise of Aaron A. Rose, President of CenterPoint Legal Solutions, LLC , Roseville, MN. Our editor, Marti Lythgoe interviewed Aaron by phone on 8/24/17. She also drew from information contributed by Lisa… Read More ›
2017 Robert E. Caine Leadership Award Goes to Long-Time NL Member
It is with great pleasure that we congratulate Leonard Abrams of Chicago, Illinois, for receiving the 2017 Robert E. Caine Leadership Award from the CLLA (Commercial Law League of America). The award will be presented at the Eastern Region Conference… Read More ›
TILA Emphasis Is Shift from “Let Buyer Beware” to “Let Seller Disclose”
The Truth In Lending Act (TILA) requires “meaningful disclosure of credit terms,” which translates to “simple and easy-to-read.” TILA applies to most types of credit, including closed-end credit—such as an auto loan or mortgage, or open-ended credit—such as a credit card. TILA does… Read More ›
Four Debts and a Funeral
Today’s Guest Blog was written by Crystal M. Duplay, Esq., Law Offices of Timothy Sullivan. You are attempting to collect a debt and learn that the debtor is now a decedent. How should you proceed? Do you immediately close the… Read More ›
Post-Judgment Recoveries Available to a Judgment Creditor
PART 4 of the series What to Expect when Retaining a Collection Attorney to Assist in Recovery of Delinquent Accounts. Today’s guest blog was contributed by Lisa H. Haster, Esq., Of Counsel/Marketing Director for Gurstel Law Firm P.A. Over a… Read More ›