accounts receivable collections

Strategies for Effective Debt Prevention and Collection in the Manufacturing Sector

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Managing cash flow remains critical to sustaining a thriving manufacturing business in today’s competitive marketplace. However, the specter of unpaid commercial debts often looms large, impacting the financial stability of manufacturers and suppliers alike. To navigate these challenges, businesses must adopt measures to safeguard against debt accumulation and ensure timely accounts receivable collection. Understanding the Landscape […]

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alternative dispute resolution - mediation

Exploring Alternative Dispute Resolution (ADR) Methods in Commercial Debt Collection

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When it comes to commercial debt collections, navigating the complexities of creditor’s rights and judgment enforcement can be challenging. Unpaid debts can significantly impact a business’s financial health, making resolving these matters crucial. In such cases, Alternative Dispute Resolution (ADR) methods emerge as invaluable tools, offering viable alternatives to traditional litigation for resolving commercial disputes. […]

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Business Owners

Ten Terms Every Business Owner Should Know

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1. acceleration clause – A provision normally included in loan document that gives the lender the right to demand the entire loan amount (principal plus interest) to be paid at once, in case the borrower fails to make payments (defaults) or gets into serious financial difficulties. 2. accounting method – A set of rules to determine when and how […]

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Rosenthal Goldhaber