Accounts Receivable Management & Consultation
Working with our expert legal advisors, with the full scope of expertise to respond to all business needs related to creditor issues, can have a significant beneficial impact on the quality, effectiveness and cost of creditor representation.
KMKSC offers a valuable blend of specialized knowledge and expertise that establishes it as a preferred source for businesses in need of legal assistance.
Common areas of consultation include:
- Credit applications and invoice forms and procedures.
- Protection and liquidation of commercial accounts receivable.
- Standard terms and conditions and procedures for their utilization.
- Distributor and supplier agreements.
- Promissory notes.
- Personal guarantees.
- Contracting via electronic means.
- Collateralization of account balances to secure past, present and/or future debts.
- Best practices for in-house commercial collections efforts.
- Direction relating to arbitration and litigation venues.
- “Work-out” services range from implementing arrangements for the liquidation of the account balance and termination of the customer account to implementing arrangements to enable the client to reduce credit exposure while continuing to sell goods or services to the customer.
- Pre-bankruptcy or pre-receivership planning to put the account into a posture to reduce the account balance and minimize exposure to preference or other avoidance claims.