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NCS COVID-19 State and County Updates
July 12, 2021
Originally published in The Credit Research Foundation’s Perspective newsletter (June 2021) The Credit Research Foundation recently surveyed their membership on the use and impact of securitization (UCCs, mechanic’s lien, etc.) …
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February 15, 2021
In January 2021, Loves Furniture, Inc. (Loves) filed for Chapter 11 bankruptcy protection. The bankruptcy petition indicates Loves has between 100-199 creditors, estimated assets between $10,000,001-$50M, estimated liabilities between $10,000,001-$50M, …
January 11, 2021
The events of 2020 will not soon be forgotten. A year that began with hope and optimism was quickly darkened by a pandemic that locked down economies for weeks and …
November 9, 2020
OK, so “trickle-up effect” may not be a thing, but retail bankruptcies are on the rise and the impacts aren’t limited to the suppliers of inventory and the retail employees. …
August 31, 2020
In June, 24 Hour Fitness, a national gym chain, filed for Chapter 11 bankruptcy protection; another business casualty courtesy of COVID-19. Although the bankruptcy filing isn’t a surprise, since 24 …
July 6, 2020
We recently asked our clients whether the COVID-19 pandemic is impacting their credit-granting processes. While I expected to see an increase in collection efforts and more stringent credit-granting processes, I …
June 15, 2020
It’s “officially” unofficial, we are in another recession. Think back to 2008 and you’re sure to remember the painful increase in debtor defaults and bankruptcies; virtually no creditor’s AR escaped …
March 19, 2020
If you extend credit, you are vulnerable to risk — whether furnishing to a single construction project or selling on revolving terms. This vulnerability grows exponentially in the midst of …
January 6, 2020
Happy New Year! It’s 2020: a new year, a new decade, and a new opportunity for me to share some of my favorite commercial credit management tips from NCS. In …
November 15, 2019
“The Retail Bankruptcy Apocalypse!” A phrase you have likely heard or read in the news; perhaps written in scary font from a 1950’s horror movie. The consistent roll call of …
November 4, 2019
Lower patient volumes, declining reimbursements, Medicare/Medicaid funding cuts, growing healthcare costs, political uncertainties, and industry lawsuits are just a handful of reasons cited for healthcare bankruptcies. “Too big to fail” …
October 4, 2019
You want to be a secured creditor! This is our mantra, it’s what we do: Securing Your Tomorrow. We want your company to always be in the best possible position …
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