THE LAWS OF CREDIT AND COLLECTIONS
Back Home

 

Back
Home

e-mail

THE LAWS OF CREDIT AND COLLECTIONS

What To Do In Advance Of A Sale

  • Cash in advance of shipment

  • COD

  • Letters of Credit

  • Guarantees (Guaranties)

  • Security Agreements

  • Payment Bonds

  • Joint Check Agreements

 

Methods to Collect

  • Refer to a Lawyer or to a Collection Agency

  • Place the Customer into an Involuntary Bankruptcy Proceeding

  • Mechanics Liens

  • Repairman's Liens

     

    How To React To A Bankruptcy Filing

     

  • Stop Goods in Transit
  • Assert a Mechanics Lien
  • Assert a Repairman's Lien
  •  Reclamation Notices
  • Seek Payment from a Payment Bond, Letter of Credit or a Guaranty
  • Withhold Payment Pursuant to the Right of Setoff
  •  Executory Contracts
  •  Serve on the Unsecured Creditors' Committee

          

Free Legal Advice

Words of Wisdom