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Increasing Material Costs and Escalation Clauses

The COVID-19 pandemic has had a tremendous impact on many different industries across the world, including the Construction Industry. In particular, the COVID-19 pandemic has affected the supply chain for many construction materials which has caused dramatic increases in pricings…

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Types of Judgments

When a creditor desires to collect a debt from a debtor, they must first receive a judgment.  There are several types of judgments that will suffice in this situation.  The pretrial types of judgments are as follows: Confession of Judgment,…

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Post-Judgment Process Simplified

You have successfully obtained a judgment against a debtor. Now what do you do?  There is a process to collect on the judgment. Once a judgment is obtained and the Defendant, (the debtor) is served, the debtor has 30-days to…

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Bankruptcy Preference Amendments

Have you ever tried to be nice to a struggling customer only to have a bankruptcy trustee later send you a letter telling you that you have to return money that customer paid in the 90-days before they filed bankruptcy?…

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Credit Card Processing Fees: What Are Your Options?

For many years, credit card agreements forbade merchants from passing along the cost of accepting credit cards. With airline miles, cash back, and other incentives for consumers to use credit cards, merchants are experiencing ever increasing fees as more and…

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Bankruptcy Preference Claims 101

For the past 5 years or so, the economic recovery resulted in fewer business bankruptcies. For many creditors, this lull provided a needed opportunity not to consider what happens when a customer files a bankruptcy petition. While the numbers remain…

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What You Need to Know If You Deny Credit

Over the past few years, the economy has hummed along and picked up speed. As the economy recovered credit standards relaxed a bit. Also, credit departments hired new staff who do not remember the Great Recession in terms of how…

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Lien Law Primer

Is the new lien law working or is the economy simply humming along?  A good question for all those involved in the construction industry right now.  As April arrives, we complete the fourth year under the new age of the…

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