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ABC-Amega Articles

ABC-Amega Articles

After more than 95 years in the commercial credit and collections industry, we know our stuff. But we believe it’s important for our clients to be educated as well.

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Ask the Attorney: ABC-Amega’s V.P. of Legal Collections is Here to Assist ›

If your inbox is anything like ours, you are receiving a lot of emails – multiple per day – on the latest news about the Coronavirus and its impact on the world economy. Every day it seems there is new

Ask the Attorney: Outlook for Bankruptcy Filings in 2022 ›

Q: With so few bankruptcies in 2021, what is the outlook for filings in 2022? The business bankruptcy roller-coaster ride of 2020 and 2021 has continued through the beginning of 2022. After a 48 percent reduction in business Chapter 11

Ask the Attorney: Credit Card Fraud Investigation ›

Q: If a financial institution conducting a credit card fraud investigation contacts our company, what are our legal obligations; are we required to participate or support the investigation, is there any information we are required to provide in this scenario?

Ask the Attorney: Warning Signs From a Distressed Customer ›

Q: With an expected recession, what are the trends you are seeing?  What to watch for and where? The last few years witnessed the unprecedented flow of trillions of dollars in direct federal and state stimulus programs; rent and student

Ask the Attorney: Considerations for Reducing or Revoking Credit ›

Q:  Is there a legal protocol or process a supplier has to go through to reduce or take away open terms from a customer? While there is no specific legal approval process required before reducing or revoking a customer’s credit

Ask the Attorney: Deciding Whether To Sell Your Bankruptcy Claim ›

Q: When a company files bankruptcy, how do I know if I should sell my unsecured claim to a claim buyer or hold on to it and get paid through the bankruptcy process? Businesses often face situations where a customer

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Glossary of Terms

Brush up on your credit and collections terminology. Cut through the jargon jungle and learn what d/p at sight and d/a payment terms actually means in international sales transactions.

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