Commercial Collections Blog

A/R Outsourcing

Times are tough for companies. We all hear of companies’ budgets getting cut and having to lay off people every day. One service we offer that you may not be aware of is A/R Outsourcing.

If you find that you don’t have the time or staff to make written demands for payment, send copies of bills, make collection calls or do follow up on payment promises, perhaps you need a professional to outsource them for you. A/R Outsourcing may be your answer.

Whether you want to outsource just one function or your entire receivables department, we are able to accommodate you!

By retaining Burt & Associates, a SAS-70 Type II Certified commercial collections agency, to manage your A/R Collections, you pay only a flat fee for our services, and your bottom line shows a DRAMATIC change for the better! Call me today to find out how we can work for you!

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today’s Credit Executive
No-Asset Chapter 7 Bankruptcy Filings

In a no-asset Chapter 7 filing, there are no nonexempt assets and most unsecured debt will be discharged. Therefore, the only creditors that will participate in the case are the ones who hold security. Those creditors can file motions for relief from the automatic stay in order to foreclose on loans or repossess property securing those loans. The U.S. Bankruptcy Court generally holds a hearing on such a motion at which creditors can contest the proposed action.

The Credit Manager’s Q&A Corner

QUESTION: Describe a preference as it relates to payments in a bankruptcy filing.

ANSWER: A preference is a payment by a debtor made during a specified period, such as ninety days to one year, prior to the filing that favors one creditor over others. Usually, preference payments can be recovered and returned to the debtor’s estate.

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