Artificial intelligence (AI) has taken on a life of its own, integrating itself into almost every facet of our daily lives. Over the years, its use has only increased in both professional and personal settings. However, AI is only as…
We don’t have a lot of legal accounts … for now, fortunately, but we have a few tied up in collections. When I was reviewing them recently, I noted that there were things our collection agency might try doing that…
Bankruptcy poses a great challenge for credit professionals—a tangled web of risk and recovery that tests every creditor’s strategy and patience. In Chapter 11 cases, unsecured trade creditors face a high risk of receiving little or nothing and have minimal…
Across the business world, the days of landing a job based solely on a prestigious degree or a narrow set of technical expertise are largely behind us. Today, hiring managers aren’t just looking for people who have specialized knowledge—they’re looking…
It has been an odd couple of months for somebody that relies on information. The data flow simply stopped as the government shut down and that left the prognosticating crowd more dependent on guessing than usual. Granted, it has been…
When most people think of bankruptcy, they picture Chapter 7—the liquidation chapter. Under Chapter 7 of the U.S. Bankruptcy Code, a trustee is appointed to take control of the debtor’s assets, sell property, and distribute any available proceeds to creditors. …
A cursory look at the headlines will likely leave you a bit confused. On the one hand, there are reports of mounting consumer fear and trepidation over everything from the job market to inflation, economic growth, tariffs, taxes, etc. At…
Not every customer has a perfect credit score or strong balance sheet, but that doesn’t mean they aren’t worth doing business with. Marginal customers often stand in a gray area: high potential, but higher risk. The challenge is to identify…
There has always been a struggle at the heart of American business development. On one extreme there is the notion that business should be completely unfettered and allowed to do whatever is necessary to promote greater revenue and profit. It…
Imagine you’re a buyer and you want to purchase a high-value shipment from a seller overseas. You don’t know each other well, so you bring in a letter of credit (LC)—your trusty financial bodyguard from a bank. The bodyguard promises…