Burr Forman
AUGUST 10, 2020
Derek regularly represents debtors, creditors, committees, asset purchasers and other clients in matters related to insolvency, financial distress, and bankruptcy, both in and out of court. He often represents secured lenders, typically after a borrower’s default.
Jimerson Firm
MAY 5, 2021
Some small businesses debtors will close without reorganizing and before having received forgiveness for or paying off the funds they received through the PPP loan and/or EIDL programs. When a business defaults on a loan with the federal government, the government “lender” may report the business to credit scoring companies.
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Credit Management Company
JUNE 4, 2019
While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit. Monitoring when certain debtors become solvent. Offering online payment options. Prioritizing accounts most likely to pay.
Debt RR
OCTOBER 13, 2019
It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. DSCR is just one of many metrics lenders use to determine an organization’s ability to pay, however, it’s the most important. Debt-service coverage ratio (DSCR) is a vital corporate finance tool.
Collection Industry News
SEPTEMBER 29, 2020
million in light of the unprecedented financial distress being experienced by small businesses all across the county, including especially by small retailers and manufacturers, restaurants and services providers. million to $7.5 The increased debt limit, which became effective February 20, 2020, includes a one-year sunset.
Troutman Sanders
MAY 17, 2021
The bill “establishes temporary limitations on lenders’ remedies for borrowers’ failures to make payments on obligations secured by mortgages, trust deeds or land sale contracts for certain real property” due to “loss of income that is related to the COVID-19 pandemic.” On May 12, Oregon H.B.
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