Commercial
January 3, 2013
If you have ever dealt with slow or late paying business accounts, you may recall the occasional customer who was in “receivership”. But just what does this term mean? In this edition of A/R Insider, we’re setting the record straight to help you avoid any future uncertainty or confusion when dealing with such cases.
October 30, 2012
You may be aware there are several classifications of bankruptices, but do you know what each type means and what distinguishes them from one another? Having a basic understanding of bankruptcy classifications and their restrictions could play an important role in your collection efforts.
August 29, 2012
As long as your accounts are getting collected, why should it matter to you that your collection agency is properly licensed, bonded and compliant? That’s their concern, right? In short, yes, it is something the agency should have at the top of their mind. They should be able to tell you what safeguards have been put into place to remain compliant, as well as provide you with licenses for any state in which they collect and their bonding information. So is your collection agency licensed, bonded and compliant?