- English
- PDF
- Available on iOS & Android
eBook - PDF
Essentials of Credit, Collections, and Accounts Receivable
About this book
Mary Schaeffer is considered an industry expert and writes a newsletter that focuses on credit, collections, and accounts receivable.
* Provides an overview of the credit, collections, and accounts receivable functions for senior level managers.
* Provides tips and techniques as well as case studies.
* Shows how to stream line the credit process and how to make this area as efficient as possible.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Essentials of Credit, Collections, and Accounts Receivable by Mary S. Schaeffer in PDF and/or ePUB format, as well as other popular books in Business & Managerial Accounting. We have over one million books available in our catalogue for you to explore.
Information
183
After reading this chapter you will be able to
•
Understand the differences between the different types
of bankruptcy
•
Fully understand your rights as a creditor
•
Recognize the importance of filing proof of claims
•
Recognize the implications of reclamation
•
Work with preference claims against your firm
D
ealing with bankrupt customers is one of the more unpleasant
aspects of the credit and collection professional’s job. However it
must be done. Thus, a good understanding of what’s involved and
what can be done when a customer goes bankrupt is crucial. It is impor-
tant to realize that just because you have been paid, you are not free and
clear. As implausible as it may seem, under certain circumstances the
bankruptcy court can and does require creditors to pay back funds received
from a customer who has filed for bankruptcy protection.While some
find the topic unpleasant, many others find it fascinating.
A Caveat
Like any other legal topic, bankruptcy issues can be intricate and are
continually changing.What is presented here is an overview that attempts
CHAPTER 10
Bankruptcy
Table of contents
- ESSENTIALS of Credit, Collections, and Accounts Receivable