Credit Today is the fastest growing publication in the credit field, favored by more and more top credit executives. We cover the world of business, or trade credit, with concise, yet in-depth, reporting. We also publish the most in-depth salary survey in the industry, covering all major credit positions.   
Home     Credit Jobs!     Search     Help     Resource Directory     Tell a Friend     Contact     Subscriber Area
 Join Us
We invite you to join the private subscribers-only Credit Today community and discussion area. Click here to learn more.
 Departments
Webinars
Credit Crisis
Bankruptcy Issues
Benchmark Central
Best Practices
Checklists
Collections Today
Credit Cards
Credit Dept Profiles
Credit Mgmt Today
Credit Mgr's Letter
Credit Scoring
Deductions Today
Downloads
Dr. Credit
Financial Analysis
Forum Archives
Fraud
Glossary of Terms
HR Issues Today
International
Legal Issues
Member Profiles
Resale Certificates
Resource Directory
Subscriber Tools
Technology Today
Tip of the Week
Vendor Articles
Press Releases
 Special Reports
Tech Buyer's Guide
Staff Benchmarking
Salary Survey
Book Store
Credit Stats
 About Credit Today
Mission Statement
Member Benefits
Sample Articles
Testimonials
Help
Submissions
Tell a Friend
Our Staff
Editorial Advisors
Contact
 Subscription Activation
If you are a current subscriber to the print edition of Credit Today, and have your subscriber ID number, click here to activate your Free subscription to CreditToday Online.
 Sponsors
Kreller Group

===============

Our Subscribers Say...

"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

"As a corporate credit manager with over two decades of experience, I consider Credit Today to be one of the best credit newsletters. Whether it is because of Credit Today's management, its distinguished panel of advisors, or the caliber of Credit Today's subscribers, it would be fair to say that some of the best and brightest minds in our profession are represented. The credit issues, technologies, news, credit department profiles, etc. are interesting and useful. Credit Today is a valuable reference and communications tool which I look forward to reading each month."
Paul Brunner
Corporate Credit Manager
Mitsubishi Electric Automation, Inc.

Home | Bankruptcy Issues Search 
Collectile Dysfunction?
Bankruptcy Resources For Credit Managers

Here we've compiled a resource center on bankruptcy issues for trade credit managers - everything you'll need to know to face that unfortunate occurrence.

10 Questions to Ask Before Hiring Counsel For a Creditor's Committee
Navigating the "Beauty Contest" When Selecting Counsel For Unsecured Creditor's Committee The decision . . . keep reading
Two Great Sources of Bankruptcy Info
Gathering Intelligence on Bankruptcies How do you keep up with bankruptcies? As a credit exec, it's critically important to be on top of the latest filings in your customer base, and many get . . . keep reading
How Do I verify That a Business Has Shut It's Doors?
May 13, 2009
We shipped a very first order in December to an account that defaulted payment and was placed on collections. We were notified by collection agency that account is out of business/shut doors. How do w . . . keep reading
In Bankruptcy Situations, Should Unsecured Amounts be Written Off Immediately?
April 23, 2009
We hold unsecured accounts that have filed bankruptcy in our active portfolio until we file a claim. At that time we write them off to our bad debt reserve. Is this typical? What is the norm? Should unsecured amounts be written off immediately? . . . keep reading
We Paid for Jigs and Fixtures Needed for Manufacturing Our Product. How Do We Recover Them in Bankruptcy?
April 22, 2009
If a vendor required purchasing jigs and fixtures to produce material for you --what are the steps to recover these if the vendor files Chapter 7 Bankruptcy several years later? . . . keep reading
US Bankruptcy Code Sec 503(b)(9)
April 27, 2009
Intended Benefit to Creditors Illusory at Best In 2005, the U.S. Bankruptcy Code was amended by the Bankruptcy Abuse Prevention and Consumer Protection Act (BACPA). At that time, an important section (Section 503(b)(9)) was added with the presumed intention of improving protection for a certain class of creditors. Unfortunately, that protection has failed to materialize. . . . keep reading
Working With Distressed Customers
Some customers need help, know they need it and ask for it. Others go into denial until they're beyond help. This year you may face the dual challenge of figuring out how to help the first group and how to prevent losses with the second. Here we talk with two experts who have long experience in working successfully with distressed credit customers. . . . keep reading
"Protect Your Interests"
In a recent discussion on Credit Today's ListServ (our email-based forum), a member detailed a situation that is all-too-common these days. After numerous attempts to collect a past-due balance, he was just notified by the customer that their bank had just called the loan that day and his contact advised that a receiver would likely be appointed by end of week." His contact went on to suggest that he take appropriate measures to protect his interests. So, he asked the List's 'Brain Trust,' . . . keep reading
Want to Sell a 26-year-old Bankruptcy Claim?
March 20, 2009
Has anyone heard of American Arbitrage Inc.? I have received offers to purchase our claim in a bankruptcy case-a case that dates back to 1983. The offer is not unusual, just the age of the case. The purchase price offered is miniscule, but what amazes me is the fact that the bankruptcy is 26 years old. Does anyone have any idea as to what value this firm could be looking at? This case dates back prior to my joining L&P by two years, but everything I heard about this case "way back when" indicated that it had been discharged. Just curious if anyone had encountered something along these lines. . . . keep reading
With Customer's Bankruptcy on the Horizon, Do I take the Money and Risk a Prefernce?
March 16, 2009
If we have a customer where bankruptcy appears to be on the horizon ( 3 to 6 months) but they need product now, is our best course of action to ask for wire payment? This particular customer also owes us a small balance that was just shipped out. Am I better to take the money for the new product and risk the preference? . . . keep reading
An Officer of the Company "Alerted" Me About Their Impending Receivership. What Can I Do?
March 11, 2009
Although I likely know the answer to this question, however, here goes. After numerous collection attempts on a past-due balance, I have just been notified by the customer that their bank has just called the loan today and my contact advised that a receiver would likely be appointed by end of week. He went on to suggest I take appropriate measures to protect my interests. Being an unsecured creditor, what measure can be taken in advance of a pending "receivership" only days away? I have never been "alerted" to an impending receivership, especially by an officer of the company, so I wanted to see if I had any options available on such short notice. Unfortunately, the most effective option would be a pending order that I could use as leverage, however, no pending orders, etc. . . . keep reading
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? . . . keep reading
Defending Yourself from 'Defensive' DIPs
Time was when DIP actually meant Debtor-in-Possession financing, money made available to get a distressed company through a Chapter 11 workout. Now, when it's available at all, it's most often defensi . . . keep reading
Proofs of Claim: Hot Topics and Filer Beware!
By Diane P. Furr & Lisa P. Sumner
Proofs of Claim: Hot Topics and Filer Beware! Preparing and filing a Proof of Claim is not always as simple as one might think considering that the form is a simple one page document with instructions attached. However, there are potential pitfalls involved in preparing and filing a Proof of Claim. Creditors who fall victim to these pitfalls have been the subject of unpleasant surprises in recent bankruptcy cases. Be sure to file where directed: Proofs of Claim generally are filed with the Clerk of Court in the district and division of the bankruptcy court where the debtor's bankruptcy is filed. Often in large Chapter 11 cases, though, claims are directed . . . keep reading
Must an Officer of Your Company Sign All Bankruptcy Forms?
January 9, 2009
I just had a disagreement with a VP where they claimed that an officer of our company has to sign all bankruptcy forms. Is anyone else having officers sign the form? . . . keep reading
What's the Time Limit is for a Bankruptcy Trustee To File a Preference Claim Suit?
January 9, 2009
Does anyone know what the time limit is for a Bankruptcy Trustee to file a preference claim suit? We were sent a letter nearly a year ago by a trustee demanding payment. We felt we had valid defenses to the claim but never responded. We never heard from the trustee again. The case is still open. . . . keep reading
More HeadlinesMore Headlines
Collectile Dysfunction?
 This Month's Survey
This month's benchmarking survey:

Benchmarking invoicing: costs, time required, methods, best practices
 Tip of the Week
Sign up here for...
Credit Today's
Free Weekly
Newsletter 
Name :
Email:
  • News
  • Surveys
  • Jobs
  • Tips
 Credit Jobs Today
 NEW: Discussion Groups
About our ListServ
Collection Forum
ListServ Signup
Forums
Recent posts from Collection Forum:
· Risk rating system
· Escrow accounts
· Sales Returns and Allowances Reserve Calculations
· Credit Card Charges verses ACH transfers
· How to sniff out the financial solvency of big box
· New name, new owner, new account?
· Cash in Advance transactions
· Credit card Usage Fee's
· Credit application for foreign accounts
· Refunds when bankruptcy filed
· Involuntary bankruptcy
· Call Center Collections
· Cash Burn Ratio
· Tip sheet for excuses
· Messages on voice mail?
 Credit Calendar
Previous Month July 2009 Next Month
S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
 SUBSCRIBE TODAY!