Down but Not Out, Houston on the Mend From Hurricane Ike
Hurricane Ike began life as an easterly wave in mid-August. The trough of low pressure made its way across Africa and into the Atlantic Ocean, where at the start of September it would become the inauspicious sounding "Tropical Depression Nine." In an extremely short amount of time, the storm became one of horrific magnitude as it set its sights on the Gulf Coast of the United States. Thankfully, before making landfall…[More]

NACM Survey Shows Government Business Popular, Albeit Painstaking
NACM's most recent monthly survey, which asked "Does your company do business with the local, state or federal government?" showed that government business is popular among participants with 70.8% of respondents answering "yes" and the remaining 29.2% responding "no." Comments left by many participants, however, indicate…[More]

The Basics of Filing Financing Statements
With the nation's economy in turmoil, there is an ever-increasing need for creative solutions to recover payments and ensure that creditors are getting what they are owed. The Uniform Commercial Code (UCC) was designed more than 50 years ago as the business world was expanding, with partners no longer limited to a single city or state, to cope with the changing nature of commerce. The lengthy and complicated code… [More]

Getting Involved in a Creditors' Committee When a Purchaser Goes Into Chapter 11
Joining a creditors' committee can often give a commercial creditor whose customer has gone into Chapter 11 a front row seat into the filing company's reorganization and a chance to work with other like creditors in working to get the most money for unsecured creditors. The process of joining and participating… [More]

Countdown to Red Flag Deadline
As the November 1st deadline approaches for the Federal Trade Commission's (FTC) "Red Flag Rules" to go into effect, there are still some questions about compliance among NACM members. The Red Flag Rules mean that a number of businesses, as part of the Fair and Accurate Credit Transaction Act of 2003 (FACTA), are now required to develop and implement written identity theft prevention programs. These company programs must… [More]