Tag Archives: collect

Letters of Credit v. Security Deposits

Posted by on November 5, 2013 at 11:29 pm.

By Dana Farmer. Smith Knowles, PC Some creditors find that maintaining security deposits for marginal customers is a convenient method to protect against default. However, security deposits are still considered to be the property of your customer and if the customer files bankruptcy the bankruptcy trustee has the authority to take the security deposit. Therefore, […]

Avoid Expensive A/R Credit Lessons with Education

Posted by on August 5, 2011 at 5:07 pm.

Lessons learned in a credit department of a business may be costly. How often could a bit of knowledge have saved thousands of dollars – if only they’d known.

The Basics That Every Credit Department Should Know: