Basic Bankruptcy for Creditors

It happens sometimes - one of our customers files bankruptcy. What does this mean to you as a creditor? Your first notice that this has happened is probably either going to be a verbal notice when you call for payment, or a notice from the court. If you receive a verbal notice, ask for the

By | July 2nd, 2015|Acquisitions, Articles, Financial, Taxes|

The Texas Usury Trap

It seems like every month I see invoices that say “1.5% interest per month on unpaid balance”;“Interest will be charged at 18% on accounts over 30 days,” “Accounts not paid in 30 days are subject to a 3/4% monthly service charge”, or similar language. However, the creditor may incur serious penalties if the interest is

By | July 2nd, 2015|Articles, Financial, International, Taxes|