Sun.Jan 23, 2022

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6 reasons for adding credit control to your service

Debtor Daddy

Bookkeepers (and accounting firms who offer bookkeeping services), are perfectly positioned to add credit control as a core service. However many still shy away from this. It’s often dismissed as something too hard to implement or too time consuming once up and running – others simply haven’t even considered it. Bookkeepers already help clients with a range of financial and administrative services, adding a credit control service is a logical extension to this business.

Debtor 84
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Fireworks in the Sky but not in Court: Bankruptcy Judge Takes a Practical Approach to the Ordinary Course of Business Defense

PBWT

A recent decision applied the ordinary course of business defense to a preferential transfer claim where the parties had engaged in only two transactions. In re Reagor Dykes Motors, LP, Case No. 18-50214, Adv. No. 20-05031, 2022 LEXIS 70 (Bankr. N.D. Tex. Jan. 11, 2022). The court took a practical approach to the defense, given the absence of a detailed history of invoicing and payments between the parties.