By Dr. Chris Kuehl, PhD
Managing Director – Armada Corporate Intelligence
Thus it began – at least formally. What kind of economic growth does the Trump administration seek and how has that changed over that first 100 days? What kind of shape is the economy as he has settled in – as compared to what other Presidents before him faced? What are the chances his goals will be met and what are the factors that will make accomplishing these goals tough and perhaps even impossible? In the most general terms he inherits an economy that has clearly started to recover from the grinding recession that started in 2008 and it is in far better shape than when Obama took control.… Read the rest
The NACM Northwest Foundation Board is doing an outstanding job at creating support for credit professionals through scholarship opportunities for NACM members. Why not take part in upcoming educational opportunities? The Foundation has funds available to assist you financially.
The Foundation program opens its scholarship application dates twice a year for credit conferences. All other scholarships for educational classes are open year-round. Here’s the application to apply!
The Western Region Credit Conference (WRCC) this fall is October 12 – 14th in San Diego, CA, and looks to be an outstanding program. You will find initial details on the conference posted in this blog. The open dates for the 2017 WRCC applications are June 15 – July 15, 2017.… Read the rest
Recent Article on the Nuts and Bolts of Section 503(b)(9) Claims in Chapter 11 Cases.
David Conaway, Partner – Shumaker, Loop & Kendrick, LLP
The so-called 20-day administrative priority claim (set forth in Section 503(b)(9) of the Bankruptcy Code) is perhaps the best remedy available to vendor creditors in Chapter 11 cases.
In 2005, Congress amended the U.S. Bankruptcy Code and added Chapter 15 (cross-border insolvency), and the game-changing Section 503(b)(9) claim, which functionally eclipsed the reclamation claim. At its essence, Section 503(b)(9) claims allow vendors to convert a portion of their pre-petition claims (arising from goods delivered within 20 days prior to filing) from near valueless general unsecured claims to administrative priority claims, which are generally paid in Chapter 11 cases.… Read the rest
Whether managing 30 accounts or 1,000, credit professionals can often feel that there are just not enough hours in the day to get everything done. Setting goals to maintain performance is nothing new for any profession, but given the demanding pace, those in credit must establish realistic goals to prevent falling behind from setting unrealistic ones.
The following objectives are important to keep in mind to ensure that the credit profession continues to add exceptional value to the business world.
Credit professionals can plan their work every day, but the business world can often move in the opposite direction, at odds with strategic planning. Unforeseen and urgent credit opportunities often dictate what requires immediate attention, but tools are available to assist in accomplishing daily tasks and assigning priorities.… Read the rest
Credit professionals in industries that involve commodities should keep a close eye on a variety of factors—from the cost per bushel of corn to the value of the U.S. dollar to worldwide weather patterns—in order to secure themselves against the constantly fluctuating nature of these products.
This year, for instance, thanks to lower prices for many commodities, including corn and soy beans, Kevin Stinner, CCE, CCRA, credit manager with Crop Production Services, of Flora, IL, said he expects to see a sharp rise in bankruptcies among his customers. And as loans from traditional banks have not been as plentiful as they once were, more farmers will likely be asking for lines of credit
At about $3.50 per bushel in early 2017, corn is down roughly 50% of what it was three or four years ago he said.… Read the rest
2016 was a big year for designations! It takes a lot of hard work and studying to get earn these accreditation. Congratulations to these 16 amazing individuals who earned a new designation last year! If you are interested in learning more about these designations and how you can earn yours please contact: Shawna Kelly: email@example.com (Portland) and Sierra Smith: firstname.lastname@example.org (Spokane).
03/14/2016 Douglas Grimwood, CBA (Kellwood Company)
11/07/2016 Jody Johnson, CBA (Star Rentals)
11/07/2016 Jodi Martinez, CBA (AllStar Glass Co)
11/07/2016 Ashlee Lawrence Minty, CBA (Northwest Natural Gas Company)
03/14/2016 Terri R. Griffin, CBF (Helena Chemical Company)
11/07/2016 Beverly Ann McCluskey, CBF (JELD-WEN, Inc.)
03/14/2016 Debora D. Diamond-Burt, CCE, CICP (Schnitzer Steel Industries, Inc.)
03/14/2016 Kathleen A.… Read the rest
We want to take the time to say Thank You to the following people for their multiple years of service to the NACM Northwest Board of Directors. They have put in many hours to NACM Northwest on the board, teaching classes, and more.
… Read the rest
||Years of Service
|Steve Amiel, Tektronix, Inc.
|Raeann Binau, CICP/RGCP, Columbia Machine, Inc.
|Tony Ceniga, Industrial Finishes & Systems
|John Hardy, Emerson Hardwood Co.
|Allen Husch, Husch & Husch
|Brenda Kivett, WCP Solutions
|Caron Munsen, CBA, Haskins Steel Co., Inc.
|Sheryl Rasmusson, CCE, Kilgore Architectural Products
|Scott Smithhisler, US Bank Global Trade Services