How to read a cash flow statement

How to read a cash flow statement

Knowing how to read and interpret a cash flow statement may help you extract valuable information about a company’s financial health, whether you’re a working professional, business owner, entrepreneur, or investor. Is your cash balance higher or lower than it was a year ago? What caused it to rise in the first place, and why […]

How To Stop Check Kiting Scams

How to stop check kiting scams

Check kiting is one of the many ways your financial securities can be violated.   It constitutes a type of bank fraud very popular in the early 2000’s, that was in its majority shut down by a regulation called check 21 act.  Even though not as common as it used to be, check kiting is […]

What Is an Accredited Investor?

accredited investor

An accredited investor is a person or legal entity with a special status under financial laws, who is allowed to participate in non-registered investments, since being considered an individual with the experience and means to participate in riskier investments and bear any potential losses. The Securities and Exchange Commission (SEC) concedes companies and private funds […]

Justifiable or Reasonable Reliance Under Section 523 of the Bankruptcy Code

justifiable reliance 523 code

Was your reliance justifiable  or reasonable when lending money to a dishonest debtor that. later ends up in bankruptcy. Collateral Base Attorney Tom Howard recently helped our client win a $1.8 million dollar verdict in a bankruptcy case out of the Central District of Illinois. The case, liura v. Brady (In re Brady), concerned several […]

Filing Financing Statements and Determining Priority

Determining Priority of Perfected Security Interests

Determining Priority in Perfected Security Interests Who’s on first? This question decides what creditor gets paid, and what becomes an unsecured creditor whose best option is to recover pennies on the dollar for the money loaned to a business that purportedly had collateral. Priority to collateral needs determination to see who can seize it in […]

What is an Agricultural Lien under the UCC?

agricultural security interests (1)

What is a UCC Agricultural Lien As we detailed in our introductory article on security interests, a security agreement gives a creditor some form of legal right over the property of a creditor. While this definition is fairly straightforward, there are all kinds of quirks which are unique to agricultural liens. Under the 2001 amendment […]