NACM's First Monthly Survey Shows Most Creditors No Longer Receiving Sub-$5,000 Preferences
The results of NACM's first monthly survey question illustrated that preference claims for under $5,000, forbidden by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), have all but vanished since the law's enactment. Of the responses to the survey... [More]

Challenge and Payment Bonds
The boom days have subsided. The construction sector is facing dark times with the downturn in both the residential and commercial real estate markets. For credit managers operating in the industry, securing payment is becoming a paramount issue, meaning mechanic's liens and other... [More]

FASB and China Accounting Standards Committee Sign Memo of Understanding
The China Accounting Standards Committee (CASC) and the Financial Accounting Standards Board, the U.S.-based organization responsible for establishing financial and accounting standards, recently issued a Memorandum of Understanding that establishes a commitment to strengthen... [More]

Fed Cuts Rates, But Signals Change in Strategy
The economy has emerged as the number-one concern for Americans as housing woes continue, foreclosures gaining numbers, and food and energy costs skyrocketing. It has been a rollercoaster ride in the stock markets while jobs are slashed and the dollar deflates on the world stage... [More]

U.S. Chamber of Commerce Releases Report of Benefits of U.S.-EU Regulatory Cooperation
In anticipation of the upcoming meeting of the Transatlantic Economic Council (TEC), the U.S. Chamber of Commerce recently released a report entitled, "Unleashing Our Economic Potential" that illustrates the benefits of regulatory cooperation between the U.S. and the European Union (EU)... [More]