The short answer is yes, but that does not mean they will succeed. In order for a company to file for bankruptcy, they must be either cash flow insolvent balance sheet insolvent. Furthermore, a court will be the one to … Read More »
As we discussed a few days ago, we always recommend you have an agreed upon and signed credit agreement. Sadly, there are many instances in the marketplace where far less formal agreements occur. Many companies may use a collection of … Read More »
What are your standard, go-to questions when questioning a credit candidate? Finding a great credit professional can be a challenge. They both must understand the business and financial aspect, but also be personable and work well with customers. Someone with … Read More »
It is easy to get busy and rely solely on someone’s word or a few emails to provide the structure of a deal, but this can be very dangerous. In the event of a dispute or unforeseen circumstances, you may … Read More »
As a credit manager, you are responsible for the entire credit granting process. This not only includes implementing a consistent credit strategy, reviewing the creditworthiness of new companies and other credit-related duties, but it also includes managing your whole department. … Read More »