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Our Subscribers Say...
I think Credit Today is fantastic. You cover many practical topics in the credit field that I use regularly. Just one recent example—a conversation on the ListServ about preferential payments—gave me tips that I used in an actual case. The specific information I picked up from this one discussion saved me $10,000, enough to cover my membership for many years!
- Steve Savino
Manager of Credit & Collections, ASSA Abloy Americas Division, New Haven, CT
Credit Today's Resource Directory and their online e-mail forum (ListServ) provide information on almost any credit-related topic you can think of. It is a great way to exchange information with other credit professionals. As the saying goes, "You don't know what you don't know."
- Scott Goen,
Credit Manager, Big Lots Stores, Inc., Wholesale Division
"We've recently started using the ListServ tool within Credit Today. This is phenomenal and powerful forum for gaining immediate feedback, ideas, and suggestions, relative to any credit topic under the sun, all in a real-time e-mail format."
-Javier Vela, Senior Credit Manager, Global Credit Services, JDA Software Group Inc.
"Being a part of the Credit Today online community is like having the expertise of hundreds of credit managers at your fingertips. These credit execs are willing to help you solve topical business issues as they arise. In the current environment of ever increasing competing priorities which reduce our opportunities to meet peers out of the office face-to-face, this is the most valuable tool you can have on your desktop! It's important that we have a mechanism to reach out to our counterparts quickly to exchange knowledge as well as to stay on top of industry trends."
- Victoria Artis, Director of Customer Financial Services, Pfizer, Inc.
"Over the last 10 years I've seen Credit Today evolve from a monthly credit publication into a quality source of information and guidance for the B2B credit community. The website, with its user friendly form downloads, will take you from examples of new account credit applications to bankruptcy forms and everything in between.
The Credit Today ListServ has become the pre-imminent online forum, providing an opportunity for discussion and comments (and occasional humor) from an impressive list of credit professionals."
David Dungan, Director of Credit
Justin Brands, Inc. (A Berkshire Hathaway company)
Fort Worth, Texas
"There are numerous credit periodicals available to the credit professional today. How good is Credit Today? Is it relevant? I always have to read it late, or online because my credit analysts want to read it the minute it comes in. When my staff wants to read a publication before I have a chance to read it then something is working in that publication. We have cancelled our other subscriptions. When you have the best you do not need the rest."
Ron Woods
Corporate Credit Manager-World Wide
Thales Navigation, Inc.
"The newsletter, coupled with the website and the ListServ, are to us, more valuable than any other credit publication, bar none. I try to use at least one article out of each newsletter for departmental training/discussion sessions."
D. Mark Constantine
Corporate Credit Mgr
Fulton Paper Company
"I love Credit Today and read every issue cover to cover. For me, the greatest perk of a subscription is ListServ. I believe Credit Today's ListServ members may be the most knowledgeable Credit brain trust in existence today. I have saved and categorized hundreds of contributions on a wide variety of topics which I refer to often. It's an easy and cost effective way to network and learn."
Doug M. Thomas
Kimberly-Clark Customer Financial Services |
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What are the Disclosure Requirements for Bankruptcy?
"I'm sorry you had to see that," said Mattison. "I'm sure it wasn't easy watching your farm equipment and vehicles being sold off." "Nope," answered Chester. "But once you filed for bankruptcy, the bank had no other option. We had to repossess the collateral you had put up for the loans and sell them at auction," explained Mattison.
"Yep," answered Chester. "I mean, I'm sure you understand," Mattison continued, "that we followed the letter of the law on this one. We applied to the court and received a lift of the automatic stay. That meant we could legally repossess the equipment and liquidate it." "Yep," Chester replied. "Oh, and one more thing," said Mattison. "The sale of the repossessed items didn't generate enough money to cover the amount of your loans. That means the bank will be making a claim in your bankruptcy as an unsecured creditor, and claiming a deficiency from the sale of the equipment." "Not likely," said Chester. "Excuse me?" Mattison replied. "You made a big mistake," said Chester. "You didn't give me formal notice of the sale. That bars you from filing a claim for a deficiency judgment." "You couldn't be further off the mark," exclaimed Mattison. "You, of all people, can't claim not to have received notice of the sale. I told you about the sale, so that means you had actual knowledge of it. What's more, you attended the sale in person! What could be more evidence of your knowledge of the sale than that?" "It's not enough," Chester answered. "It's more than enough," fumed Mattison, "and you can expect to receive that claim for a deficiency judgment pronto!" Is the Bank right? Make your decision; then, click "Next" for the court's ruling.
Next >>
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Outlook 2012
This month's survey explores...
- What the top problems are facing credit execs currently, and
- What the top improvement initiatives are.
Click here to participate!
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February 2012
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