Category Archives: Bankruptcy

Getting Paid from a company that moved!

Dear Michelle, We have a customer who we shipped (last year in September) a demo evaluation of a video security system.  After a long period (which was supposed to be just 60 days) he has not returned the demo unit. … Continue reading

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Posted in Ask Michelle, Bad Checks, Bankruptcy, Being a Great Collector, Business Credit, Credit Crisis, FAQ's, Getting Paid - Michelle Dunn - Business Finance Columni | Tagged , , , , , , | Leave a comment

How Forecasting can help your bottom line

One thing you can do is make sure that forecasting is something you do for your business or ask your accountant to help you with this.  Look for growth in real wages, which drives consumer spending, and which accounts for … Continue reading

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Posted in Bankruptcy, Being a Great Collector, Business Credit, Credit Crisis, Credit Policy Questions, Economic Crisis, Education, Excuses, FAQ's, Foreclosure, Getting Paid - Michelle Dunn - Business Finance Columni, Heard on the Street..., Recession, The Life of a Bill Collector, Training | Tagged , , , , , , , | Leave a comment

Understanding Bankruptcy

I get so many questions about bankruptcy and the different types of bankruptcy that I wanted to explain it a little here for my readers.  There are three types of bankruptcy: Chapter 13 – Wage earners, adjustment of debt or … Continue reading

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Posted in Bankruptcy, Business Credit, Compliance, Legislation | Tagged , , , , | 1 Comment

Collecting from a bankrupt co-debtor

To answer the question on whether you can continue collections against a co-debtor when the other co-debtor is in bankruptcy and/or against guarantors when businesses are in bankruptcy and/or against businesses when personal guarantors are in bankruptcy.  Here is an … Continue reading

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Lessening the blow of Bankruptcy

WHEN THE PRICE of oil nosedived more than 63% to below $10 a barrel in 1986, oil and gas entrepreneur Bill Bartmann lost everything. Practically overnight, he was forced to lay off all of his 70 employees and shutter the … Continue reading

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Bankruptcies continue to rise sharply

More than 8,700 businesses filed for bankruptcy during the first quarter of 2008, according to new federal court data released Tuesday. There were 5,233 new commercial bankruptcy filings in May which represented a 46% increase from May 2007, according to … Continue reading

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What is an Automatic Stay in a Bankruptcy?

An automatic stay is a federal court order that prohibits of any attempts by creditors to contact you or to collect a debt. It goes into effect the moment you bankruptcy petition is filed with the court. This is a … Continue reading

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Bankruptcy for Homeowners

2004 was the last “normal” year for the number of bankruptcy filings, the New York Times reports. 2007 filings rose 40% and have been rising steadily since then. There are two types of bankruptcy that can be filed, Chapter 7 … Continue reading

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Posted in Bankruptcy, Credit Crisis, Debt Collection in the News | Leave a comment