by Jeff Folkersen | Nov 16, 2008 | Blog
The New York CLLA meeting is always busy. This year, there was a buzz of excitement relating to a few areas. First, everyone was taking about how the economy affects them. For a group of collection and bankruptcy professionals, it was interesting to hear the...
by Jeff Folkersen | Nov 1, 2008 | Blog
I loved all the discussion this week about whether we were in a recession. Any of us in the credit, collections and bankruptcy world know we’ve been in a recession for months. Whether the economists can agree on what the definition of what “is” is...
by Jeff Folkersen | Oct 28, 2008 | Blog
Okay, it’s a shameless plug for the book (Get P.A.I.D. a Guide to Getting Paid Faster) and the system, but it is also a reminder of how important it is for businesses to pay attention to their credit extension, monitoring and collections when things are tight. ...
by Jeff Folkersen | Oct 25, 2008 | Blog
I suppose the lowering of LIBOR is an indication to some that credit is easing, at least on Fleet Street! Most of the “main street” businesses probably don’t feel that yet. Not sure if that is a measure of credit that will filter down anytime...
by Jeff Folkersen | Oct 17, 2008 | Blog
When a company files a Chapter 11 case (or even before-when there is time), a big issue is how to fund operations post-filing. The Debtor-in-Possession (DIP) needs to make arrangements with its current lender(s) or a new lender to take on the additional risk (and...
