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Third-party Collection Agencies

Can third-party agencies collect more for your organization? The answer is a resounding yes! With potential decreased operating costs and less overhead, outside help can be a viable and attractive option for many organizations.

Essentially, your goal in evaluating and selecting a third-party agency should be to answer the question – “Does the agency have the infrastructure, systems, people, and processes in place to collect efficiently and effectively on my portfolio to maximize return?”

Burt & Associates meets all of these criteria. With state-of-the-art technology, resources, well-trained seasoned professionals, Burt & Associates is a logical choice. As members of ACA International, The Commercial Law League, an INC. 500 recoginzed company and SAS70 Type II Certification, you can depend on us to handle your business as you would handle it. Do not hesitate to call your National Account Representative today.

With warmest regards,

Jerry Curtis
President & CEO

Educational Tidbits For Today’s Credit Executive
The Importance of a Liquidation Analysis in a Chapter 11 Filing

When a company files Chapter 11, the creditors’ committee should determine the likely distribution to unsecured creditors from the standpoint of the liquidation of the debtor’s business. The committee should update that analysis if the situation changes. Such an analysis should be made even if liquidation is inadvisable and not considered, since the results of a hypothetical liquidation are an essential factor of both the rights and the bargaining power of the unsecured creditors. It should be noted that a reorganization plan can be confirmed only if it promises unsecured creditors at least as much as they would get from a Chapter 7 liquidation.

The Credit Manager’s Q&A Corner

QUESTION: Explain some of the main factors that can lead to small-business failures.

ANSWER: There are many reasons why a small business might not make it. Not only can small-business owners make questionable business decisions, but they may also sometimes tend to overestimate the amount they know about starting and operating a company. Of course, many small-business owners know that a business startup entails a lot of work and close tracking of finances, but also important is a business owner’s willingness to seek out information on starting up a business. Many classes and books on strategies are available to help out small-business owners, but many of the best lessons involve learning how to properly manage a company during growth, often learning that is done on the job. This can come in large part from building up a team of dedicated workers, being patient and being willing to try new ideas.

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