Debt

Life, Liberty and the Pursuit of Payment

Many corporate professionals have never had the misfortune of experiencing a preference demand. Most companies have become accustomed to filing claims for invoices that remain unpaid due to a bankruptcy filing. The shock comes when the company receives a preference demand letter stating that pursuant to §547 of the U.S Read more…

By Mikaela Parrick, ago
Debt

Financial Advice From Top Wealth Advisors

Each year, Forbes releases a list of the top 100 wealth advisors in the U.S. by each state, ranking them based on factors like client retention, experience, compliance, revenue generation and more. This year’s top advisors manage nearly $700 billion in cumulative client assets and maintain strong relationships with the country’s wealthiest Read more…

By Mikaela Parrick, ago
Debt

Is Your Collection Agency Licensed?

The overwhelming majority of commercial collection agencies are NOT licensed to conduct business in all 50 states. Lack of sufficient licensure not only severely impedes collection results and efforts but more importantly exposes creditors to potential nuisance litigation and financial liability. Even if debtors are located within states that do not require collection firms to Read more…

By Mikaela Parrick, ago
Debt

7 Turnaround Management Myths Busted

According to Investopedia, a turnaround refers to steady, positive movement experienced after a significant period of performance decline. There will always be distressed businesses that need saving in our competitive, ever-changing economy, which is exactly what a turnaround is intended to do. Yet, there are many misconceptions about turnaround management Read more…