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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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Breaking Bankruptcy News ...
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Chapter 9 Bankruptcies (States Too?) on the Rise? What it Means to the Credit Professional
By Scott Blakeley, Esq. & David M. Mannion, Esq.
Trade creditors can no longer assume that trade credit extended to a municipality is risk free. Bankruptcies filed under Chapter 9 of the Bankruptcy Code, which allows municipalities to discharge debts and reorganize, are becoming more common as the financial crisis continues to affect counties, cities, and agencies. Even the propriety of a State being eligible to file Chapter 9 is being debated. This article considers the recent headlines of the debate of a municipality evaluating a Chapter 9 filing, a Chapter 9 in action, and the impact trade creditor extending credit. The article also considers the federal debate of States being eligible to file Chapter 9. The article also considers whether the trade creditor should reevaluate the amount of their credit lines to municipalities and public agencies, as well as the percentage of their accounts they have with these agencies. . . .
keep reading
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Litigation as a Predictor of Bankruptcy
It just makes sense that corporations headed for bankruptcy are more apt to be in litigation with shareholders and others than corporations that are in better shape. Now Audit Integrity has quantif . . .
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20-Day Period For Administrative Claims a Good Thing? Not Really, Says This Leading Bankruptcy Pro
Strapped customers often don't admit they've lost their bank lines of credit. While requesting or demanding more help from you, they may even claim their banking relationships are just fine. How do you check that out? "It's a real challenge," says Attorney Lynnette Warman of the Dallas firm of Hunton & Williams, LLP. "Public companies have to disclose if they're in default or have a waiver with their lender. But, if they're a private company, they don't. With public companies, you can check their SEC filings. If it's a private company you just have to rely on agency reports, your industry trade group and the Internet and other media to try to figure out what their ability is to pay you back." . . .
keep reading
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New Decision Requiring Disclosures For Informal Committees in Bankruptcy Cases
December 14, 2009
In a recent decision from the United States Bankruptcy Court for the District of Delaware, Judge Mary Walrath has required that members of an informal committee of noteholders comply with expansive disclosure requirements beyond the standard established for official committees. In a written opinion issued on December 2, 2009 in the case of In re Washington Mutual, Inc., Case No. 08-12229 (MFW), Judge Walrath granted a motion to require an informal group of noteholders to comply with Rule 2019 of the Federal Rules of Bankruptcy Procedure. . . .
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Sources for Bankruptcy Stats?
February 18, 2009
I am giving a talk to some sales people and need some facts, graphs on bankruptcy and different stats on what types of businesses have been affected the most or least. Credit Today may have some stats. Are there any other sources? . . .
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Can a Solvent Company File Bankruptcy?
August 5, 2008
If a company is solvent can they file bankruptcy? I am talking about one of the major retailers whose sales are failing. My company is thinking of going down the credit insurance route with this customer and they have money according to published reports. . . .
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Bankruptcy Question: Re, Preference Risk AFTER Chapter 11 Filing?
August 5, 2008
I am currently assessing the risks of doing business with a customer that has filed for Chapter 11 bankruptcy. If we decide to extend some credit and are successful in collecting payment, do we still face the 90-day preference period risk if the DIP subsequently files for Ch. 7 liquidation? . . .
keep reading
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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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