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Welcome
to the Feature section of the FASŪ newsletter. Our plan
for this section is to keep you, our client, fully informed
of the latest and uptodate collection techniques and
interesting articles that have a direct impact on how
the credit professional accomplishes his or her goals.
This
month, we are going to start off by offering you information
that is available to you and should be discussed when
your FASŪ representative calls. Some of these items are
available in pamphlet form.
"NOTICE OF BANKRUPTCY: WHAT ARE THEY, HOW TO
RESPOND"- Every creditor's worst nightmare.
Discusses what to do if a bankruptcy trustee demands
repayment of an alleged preferential payment.
"RECLAMATION"- What should you do
when you ship merchandise only to discover that your
customer may be insolvent? This is required reading
for anyone who sells goods on open account.
"THE CREDITORS' COMMITTEE"- One
of the more powerful tools for all creditors involved
in a Chapter 11, the rights and duties of the creditors'
committee is discussed in depth.
"TEAMWORK APPROACH: IN PROVING COLLECTIONS
THROUGH PROPER DOCUMENTATION"- It is your
claim and you, the creditor, initially decide to loan
the money or ship the goods on credit. What information
and documents you obtain before the transaction goes
bad can be crucial to collecting.
"A GUIDE TO EFFECTIVE COLLECTION PROCEDURES"-
Preventing delinquency is one of the best ways to
maximize your cash flow. We can discuss ten helpful
tips to avoid bad debt problems.
"WHAT TO EXPECT IF YOU WANT YOUR CLAIM TO GO
TO COURT" - The costs you may need to pay to
professionals as well as to the court, what witnesses
you need to provide, and the prospect of counterclaims
are covered in this information.
Please feel free to discuss any or all of the above
information with your FASŪ credit representative. The
staff at FASŪ, headquartered in Louisville, Kentucky,
is always available to help you.
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