Whereas bad checks are less of a problem when your customer base is mostly commercial as opposed to consumer, the potential is always there and you should be prepared to deal with bad checks when and if you receive them. Having the best collection letter is the most important thing. Read the rest of this entry »
In the face of today's changing economic climate, recognizing and managing future risks becomes a priority for credit professionals. Stevens & Ricci business credit solutions can provide a business with products and services to enhance cash flow. For corporate solutions, see our Resource Center. For third party collection services, see our section on Commercial Debt Recovery.
Tutorial: The Bad Check Collection Letter
February 20th, 2010Business Debt Recovery: My Customer Just Filed For Bankruptcy – Now What?
February 17th, 2010When it comes to business debt recovery in todays economy, business bankruptcies will normally account for the majority of business bad debt losses. Business bankruptcies have increased 54% from year end 2007 to year end 2008. Read the rest of this entry »
Corporate Debt Collection – Bad Check Writer Filed Chap 11, Do We Have Any Recourse?
February 13th, 2010When it comes to corporate debt collection, state and federal law can sometimes have separate implications to a commercial creditor. The following is in response to the question: If someone bounces a check to a commercial business then files Chapter 11 bankruptcy, do we have any recourse? Read the rest of this entry »
