United States: Credit Control and Cashflow

GASB’s proposed amendment to Statement No. 34 could significantly change how infrastructure assets in governmental financial statements are defined, depreciated, and disclosed.

Businesses and individuals facing contract breaches, unpaid debts, or harmful conduct often turn to demand letters and cease-and-desist letters as powerful legal tools. Understanding when these formal notices can resolve disputes efficiently—and when they might backfire—is crucial for protecting your interests and avoiding costly litigation.

Fund managers face significant challenges preparing Form ADV and Form PF filings under tight first-quarter deadlines, requiring extensive financial data extraction and coordination with compliance providers. Early preparation, organized data management, and strategic support can help reduce errors, mitigate regulatory risk, and streamline the complex SEC filing process.

Your sales team closes a custom order for a new customer. Then, the production crew works diligently to meet the order's two-week deadline.

Any time you buy, build or remodel a building, there's an opportunity for a cost segregation study.

Accounts receivable is often one of the biggest assets on a manufacturer's balance sheet.

"Cram down", the non-consensual restructuring of secured debt, has just become much easier for a debtor in reorganization due to the Supreme Court’s adoption of a "prime plus" rule. While the May 14, 2004 opinion deals with a chapter 13 "wage earner" case, it will apply in commercial chapter 11 cases.

The Texas Comptroller has determined that a service provider that mails overdue letters to debtors and makes courtesy calls to debtors on behalf of and in the name of a creditor is providing taxable "debt collection services," even though it collects no funds from the debtor and all actual collection arrangements are handled solely between the creditor and the debtor.

The United States Supreme Court recently held, in Tennessee Student Assistance Corp. v. Hood, 124 S.Ct. 1905, 541 U.S. ___ (2004), that a proceeding initiated by a debtor to determine the dischargeability of a student loan debt owed to a State is not a suit against a State for purposes of sovereign immunity under the Eleventh Amendment.