Commercial Collections Blog

Collections Back Into Full Swing

With the major holiday season behind us, debt collections has gotten back into full swing. After closing out 2006, businesses are ready to take a serious look at collecting debt that is still open. This is an excellent time to contact an SAS70 certified commercial collection agency such as Burt & Associates. Our outstanding professional commercial collections staff and National Account Executives are prepared to take the strain off of you and get your money collected quickly. Contact us today.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today’s Credit Executive
How Lien Status Is Achieved

The means of achieving lien status and the length of time the lien is in effect vary from state to state. In New York, for example, a judgment becomes a lien on the debtor’s property once it is docketed by the clerk of the court of the county in which the debtor’s real property is situated from the time of the filing of a notice of levy pursuant to an execution. The lien then becomes effective for ten years. In contrast, in Tennessee certain judgments become liens once a certified copy of the judgment is registered in the county in which the debtor’s real property is located and the lien is effective for only one year.

The Credit Manager’s Q&A Corner

QUESTION: Discuss political risk insurance.

ANSWER: Political Risk Insurance is designed to protect the insured’s ability to repatriate capital, whether in the form of profits, dividends, monetized equity or trade payments. Utilized by direct foreign investors and exporters alike, political risk insurance indemnifies the policyholder from such perils as currency inconvertibility, confiscation, expropriation, contract frustration, sovereign risk and political violence.

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