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
Check Kiting constitutes a type of bank fraud very popular before the early 2000’s. A federal regulated called Check 21 prevented most check kiting schemes since its passed in 2004. Even though not as common as it used to be, check kiting is still present in many fraudulent transactions. Here we explain to you everything there […]
What Is an Accredited Investor?
230.501 Definition of Accredited Investor as used in Regulation D A section 501 accredited investor means someone that fits the criteria of Section 501’s definition of “accredited investor.” A legal term of art defined under Regulation D found in Section 5 of the Securities Act of 1933. An “accredited investor” means a person or legal […]
Justifiable or Reasonable Reliance Under Section 523 of the Bankruptcy 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 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?
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 […]
