Chapter 11 vs. Chapter 7 Bankruptcy Depending on the type, or “chapter,” of bankruptcy, debts are treated differently. In Chapter 11 bankruptcy, debts are restructured in a way that debt repayment becomes more achievable. In Chapter 7 bankruptcy, which is the most common form of bankruptcy, many debts are forgiven, and a variety of personal […]
Happy Thanksgiving!!!! We would like to take this opportunity and give thanks in the most fitting meaningful way possible and that’s by sharing it with everyone who has made this year special. We would like to wish everyone a Happy Thanksgiving and blessed holidays. Sincerely, Contract Resolve Group
We are pleased to announce that starting Monday August 18, 2014 we will be partnering with Time Warner Cable and the Better Business Bureau to advertise our company and its services here at Contract Resolve Group. These commercials will air in the most highly viewed television shows on popular cable networks. This is a terrific […]
Knowing Your Needs The first step in accurately assessing your collection agency’s performance is determining what factors in the relationship are most important to you and your company. Of course, bringing in the cash is going to be high on the list. But there are other qualitative and quantitative components to consider. Quality factors to […]
Effectively managing accounts receivable has its challenges, delinquent accounts is one of them. Here’s a list of nine things you can do to meet that challenge head-on. In fact, make these steps a regular part of the way you handle receivables and you’ll start to see real results in terms of a decrease in the […]
Uncollected dollars nibble away at your company’s cash flow and profitability. Over time, they can threaten its growth and sustainability as well. The solution is to adopt a proactive approach to dealing with past due accounts. A survey by the Commercial Collection Agency Association (CCAA) revealed that, after three months, the probability of fully collecting […]
The Three C’s of Credit Your credit score is a measure of factors that may affect your ability to repay credit. It’s a complex formula that takes into account how you’ve repaid previous loans, any outstanding debt, and your current salary. A credit score is dynamic and can change positively or negatively depending upon how […]
Cash is King, or at least it should be, for all businesses – no matter the size. Still, many companies focus on profit, rather than on working capital (cash). Profit is important, but positive cash flow is what keeps the company going. By now, we should have all learned that lesson. A lack of working […]
Have you ever calculated your costs for resolving receivable disputes? If you have, you’ve probably discovered that the process is quite expensive. Here’s why. A misstep in any department involved in a sale can result in a discrepancy that delays payment and drives up costs. Disputes, discrepancies and exceptions are “nonstandard” transactions that require additional […]
We want to extend our deepest condolences to the families and victims at Fort Hood. Everyone here at Contract Resolve Group is praying for the people at Fort Hood and to everyone in the community affected by this horrible tragedy. During mourning, it is crucial for us to extend our support to the grieving […]