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Global Payment Delays And Bankruptcies: Causes, Consequences, And Solutions

MNS Credit Management Group

After demonetization, the government closed all the channels for the creation and transfer of black money, resulting in stringent requirements for the accounting evidence supporting each transaction. Bankruptcies can also have a significant impact on the B2B debt collection industry. What exactly is certainty?

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RMAI Update August 2024

RMAi Blog

The bill would broadly define medical debt to mean “a debt related to, in whole or in part, a transaction, account, or balance arising from a medical service, product, or device.” The plaintiff financial institution reimbursed its customers for the unauthorized transactions as mandated by the federal Electronic Fund Transfer Act (EFTA).

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Using Collateral to Make the Sale

Your Virtual Credit Manager

Growth is down, interest rates continue rising, small businesses are facing a credit crunch, commercial bankruptcies are skyrocketing and experts see an emerging threat: Washington Post: U.S. The headlines paint a grim picture. economy grew at 1.1% economy grew at 1.1% it just might help them pay you sooner!

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

Bankruptcy Filings: When a business debtor files for bankruptcy, or other creditors force your customer into bankruptcy, your collection efforts must cease. Collection Activity: Consult with legal counsel to understand the implications of the bankruptcy filing on debt recovery.

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5 Tips for Small Business Owners to Assess and Improve Their Bookkeeping

Due

Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. In other words, you need to lay out clear, consistent bookkeeping procedures to track your small business transactions on both sides of the ledger.

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Second Circuit’s Latest 546(e) Safe Harbor Decision in Boston Generating Answers Open Questions After Nine West

Reorg Blog

The Second Circuit affirmed district court and bankruptcy court rulings dismissing fraudulent transfer claims because the transaction in question qualified for the Bankruptcy Code’s safe harbor for securities contract transactions.

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Online Credit Reports & How They Are Tracking Everything You Do

Due

What to look for in credit inquiries: In addition to checking your credit report, you should make sure that there are no “funny business” transactions going on. Examples include: Bankruptcies. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed.