Qualco
SEPTEMBER 12, 2023
This approach involves taking proactive measures, even when the credit is still in good standing, and the creditor has not yet taken possession of the collateral. This categorisation is pivotal in effectively monitoring the collateral portfolio and ensuring consistent practices when performing valuation calculations.
Nexa Collect
JUNE 19, 2020
Most Concrete Pumping companies do not require collateral for their accounts receivable; however, the Company may file statutory liens or take other appropriate legal action when necessary on construction projects in which collection problems arise. Typically, the Company does not charge interest on past-due trade receivables.
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PBWT
AUGUST 16, 2022
The Bankruptcy Court for the District of Hawaii ruled that the extension was constructively fraudulent, and thus avoidable under Bankruptcy Code section 548. The Makaha Valley project was meant to include two golf courses, a country club, and the development of individual plots surrounding the golf courses for residential construction.
ABI
JANUARY 19, 2024
In evaluating the Texas Business & Commerce Code and title 11 of the United States Code (the “Bankruptcy Code”), the United States Bankruptcy Court for the Southern District of Texas, in In Re Burts Construction, Inc., In 2017, Allegiance Bank loaned Burts Construction, Inc. the “Debtor”) $1.5
Hudson Weir
SEPTEMBER 11, 2023
To reduce the lender’s risk exposure, a secured business loan provides them with collateral – a company asset. Company assets could include anything from equipment and constructions to vehicles and intellectual property. In contrast, an unsecured loan provided by a lender does not involve a company asset’s usage as collateral.
Hudson Weir
FEBRUARY 28, 2023
This company property can be anything from equipment and constructions to apparatus, vehicles, and intellectual property. Essentially, this group involves people or creditor organisations that offer money but who won’t attain certain assets as collateral. Secured creditors include leasing companies and banks.
Collections Law
AUGUST 11, 2020
Likewise, if you are operating in the construction industry as a subcontractor, materials supplier, or design professional including without limitation architects, and the general contractor fails to pay the debt they owe to you for the services rendered or goods provided, we can help. A mechanics lien serves like collateral.
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