Creditor Rights

Best Practices in Keeping Accounts Receivable from Default

Many businesses allow their customers to purchase goods and services on issued credit. Rather than requiring cash up front, the business will ultimately allow the customer to pick up the goods or acquire said services without paying first. Instead, the business will invoice the customer after the fact, and hope that payment will then be …

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UCC Financing Statements: Blank Space . . . I’ll Write Your (Correct) Name

As a creditor, you want security to ensure that you get paid the amounts owed you when you lend money or extend credit. One way to do that is through filing a Uniform Commercial Code-1 financing statement. Simply put, a financing statement is a way to put on record that a creditor is using something …

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