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5 Proactive Steps to Protect Accounts Receivable Before Customer Bankruptcies

Learn great strategies and tools to prevent your company from bad debt in case your customer files for bankruptcy!

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About this course

promoImage
description
lessonOverview

As companies continue to reopen their business, trade credit grantors are being asked to extend credit, sometimes even with a larger dollar exposure! Thus, it is critical that credit executives safeguard their company's receivables, even before they become due. 

In this case, utilizing the tools already available can prevent bad debt exposure in the future. But, which among them will best suit your business or need? 

Watch this course as Wanda Borges talks about various tools like General Security Interest, PMSI, Consignment, Personal Guaranties, Cross-Corporate Guaranties, and Letter of Credit. 

Key Takeaways: 

1. How to pick the best tools for your business
2. What are the essential components of these tools
3. What are the do's and don'ts while using these tools

BONUS: Get an exclusive UCC Article 9 document checklist.

 
instructor
name title image description
Wanda Borges Member at Borges and Associates, LLC Wanda is an experienced attorney concentrating her practice in the fields of commercial litigation and corporate creditors rights in corporate bankruptcies. She also provides educational programs for professional organizations such as the National Association of Credit Management, RiemerPlus Cantalupo and Sherman, Commercial Law League of America, and various bar associations.
recommendation
image tag title description link duration
Bankruptcy Attorney Insights: Riding the Bankruptcy 2.0 Wave in 2022 Watch this tutorial as the attorneys discuss SBRA, preference law, consignment, and reclamation rights to help a trade creditor protect their business against bankruptcy proceedings. https://academy.highako.com/credit-department-riding-the-bankruptcy-wave-in-2021 60 Min
Bankruptcy The Small Business Reorganization Act: What it Means to the Credit Grantor Watch this tutorial to learn about the latest revisions made in SBRA and how to secure your receivables while dealing with small businesses. https://academy.highako.com/the-small-business-reorganization-act-what-it-means-to-the-credit-grantor?next=%2Fthe-small-business-reorganization-act-what-it-means-to-the-credit-grantor%2F816419 60 Min
Bankruptcy Ask The Attorney: Latest Legal Issues In Credit & A/R Get expert insights about newest laws and regulations in credit and find the best ways to prevent any account receivable frauds. https://academy.highako.com/latest-legal-issues-in-credit-and-account-receivables 70 Min

Curriculum60 Mins

  • Secured Transactions Under UCC Article 9 [~ 20 Mins]
  • Preview
    Overview: Secured Transactions
  • Preview
    Need for Security Interest
  • Getting Started with Security Interest
  • Recent Changes to Article 9
  • Essential Components of Security Agreement [~ 5 Mins]
  • Essential Components
  • Purchase Money Security Interest [~ 10 Mins]
  • Purchase Money Security Interest
  • Complexities of Security Agreement
  • Consignment Agreements [~ 4 Mins]
  • Overview: Consignment Agreements
  • Personal Guarantees [~ 3 Mins]
  • Overview: Personal Guaranty
  • Cross Corporate Guaranty Contract [~ 2 Mins]
  • Overview: Cross-Corporate Guaranty
  • Letters of Credit [~ 8 Mins]
  • Overview: Letter of Credit
  • Q & A: Open Discussion [~ 13 Mins]
  • Audience Q & A
  • Assessment
  • Quiz
  • Certificate and Feedback
  • 5 Proactive Steps to Protect Accounts Receivable Before Customer Bankruptcies

About this course

promoImage
description
lessonOverview

As companies continue to reopen their business, trade credit grantors are being asked to extend credit, sometimes even with a larger dollar exposure! Thus, it is critical that credit executives safeguard their company's receivables, even before they become due. 

In this case, utilizing the tools already available can prevent bad debt exposure in the future. But, which among them will best suit your business or need? 

Watch this course as Wanda Borges talks about various tools like General Security Interest, PMSI, Consignment, Personal Guaranties, Cross-Corporate Guaranties, and Letter of Credit. 

Key Takeaways: 

1. How to pick the best tools for your business
2. What are the essential components of these tools
3. What are the do's and don'ts while using these tools

BONUS: Get an exclusive UCC Article 9 document checklist.

 
instructor
name title image description
Wanda Borges Member at Borges and Associates, LLC Wanda is an experienced attorney concentrating her practice in the fields of commercial litigation and corporate creditors rights in corporate bankruptcies. She also provides educational programs for professional organizations such as the National Association of Credit Management, RiemerPlus Cantalupo and Sherman, Commercial Law League of America, and various bar associations.
recommendation
image tag title description link duration
Bankruptcy Attorney Insights: Riding the Bankruptcy 2.0 Wave in 2022 Watch this tutorial as the attorneys discuss SBRA, preference law, consignment, and reclamation rights to help a trade creditor protect their business against bankruptcy proceedings. https://academy.highako.com/credit-department-riding-the-bankruptcy-wave-in-2021 60 Min
Bankruptcy The Small Business Reorganization Act: What it Means to the Credit Grantor Watch this tutorial to learn about the latest revisions made in SBRA and how to secure your receivables while dealing with small businesses. https://academy.highako.com/the-small-business-reorganization-act-what-it-means-to-the-credit-grantor?next=%2Fthe-small-business-reorganization-act-what-it-means-to-the-credit-grantor%2F816419 60 Min
Bankruptcy Ask The Attorney: Latest Legal Issues In Credit & A/R Get expert insights about newest laws and regulations in credit and find the best ways to prevent any account receivable frauds. https://academy.highako.com/latest-legal-issues-in-credit-and-account-receivables 70 Min

Curriculum60 Mins

  • Secured Transactions Under UCC Article 9 [~ 20 Mins]
  • Preview
    Overview: Secured Transactions
  • Preview
    Need for Security Interest
  • Getting Started with Security Interest
  • Recent Changes to Article 9
  • Essential Components of Security Agreement [~ 5 Mins]
  • Essential Components
  • Purchase Money Security Interest [~ 10 Mins]
  • Purchase Money Security Interest
  • Complexities of Security Agreement
  • Consignment Agreements [~ 4 Mins]
  • Overview: Consignment Agreements
  • Personal Guarantees [~ 3 Mins]
  • Overview: Personal Guaranty
  • Cross Corporate Guaranty Contract [~ 2 Mins]
  • Overview: Cross-Corporate Guaranty
  • Letters of Credit [~ 8 Mins]
  • Overview: Letter of Credit
  • Q & A: Open Discussion [~ 13 Mins]
  • Audience Q & A
  • Assessment
  • Quiz
  • Certificate and Feedback
  • 5 Proactive Steps to Protect Accounts Receivable Before Customer Bankruptcies