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Business Collections Archives

What's factoring and should I use it for business financing?

"I'll gladly pay you Tuesday for a hamburger today." Fans of older cartoons will recognize that as the line used by Popeye's friend, Wimpy, to get a free meal. Apparently Wimpy, for all his apparent education, had a bit of a chronic cash flow problem.

Learning from the past can help avoid future collection issues

The term robo-signing got coined just five or six years ago. It is not a phrase that has positive connotations about the value of leveraging advanced technology. No, robo-signing is that practice by lenders that has come to be associated with abuses that contributed to the recent mortgage crisis and the Great Recession.

Money lent may amount to money spent without a promissory note

There was a time when a handshake was as good as a contract. In some cases, the deal might have involved the borrowing of a small amount of seed money to get a small business off the ground. In others, it might have been a local storeowner extending a line of credit to friends and neighbors.

Part II: Wave of Contract Disputes in the Cotton Market

As we discussed last week, the cotton market has become increasingly volatile over the past two years. Cotton farmers and mills have failed to honor the terms of their contracts when cotton prices changed in their favor. Consequently, the number of arbitration cases has risen sharply in recent years.

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Britton Law, P.A.
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Fayetteville, NC 28304

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