Video

  • 27 minutes

Assessing and Minimizing Credit Risk

 
Planning ahead is key to avoid getting into a situation where you have a customer that is not paying and you need to invoke the legal process. If you do need to invoke the legal process to collect an obligation you will be giving your attorney as much help up front as possible. Many of those who have difficulty with the collection process can attribute at least some of it to inadequate prior planning. One of the most important documents that any business should try to obtain from any customer to which it’s extending material credit is the credit application. A credit application should be completed by the customer before any goods of services are sold to them on credit. You can find credit applications from many sources or have your attorney help you create your own.

In this 26-minute video our speaker, Robert W. Pontz, reviews critical information for entity customer including the type of business entity they are, the state of registration, the identity of owners, the length of time in business, the principal place of business, trade names and real estate holdings. He also discusses backup for credit extended and protection for sellers of inventory.

Robert W. Pontz is a founding partner of Brubaker Connaughton Goss & Lucarelli, Lancaster, Pennsylvania. His practice emphasizes commercial collections, representation of creditor interests in business bankruptcies and business counseling. Mr. Pontz is a frequent local and regional speaker at seminars covering advanced collection topics and commercial bankruptcy.
Runtime: 26 minutes

Faculty

Robert W. Pontz

Robert W. Pontz

Brubaker Connaughton Goss & Lucarelli

Agenda

Faculty

Robert W. Pontz

Robert W. Pontz

Brubaker Connaughton Goss & Lucarelli

  • Founding member of the law firm of Brubaker Connaughton Goss & Lucarelli LLC, Lancaster, Pennsylvania
  • Practice emphasizes commercial collection, representation of creditor interests in commercial litigation and bankruptcy proceedings, and business counseling
  • Frequent local and regional speaker at programs covering advanced collection topics and commercial bankruptcy
  • Admitted in the Commonwealth of Pennsylvania and federal courts for the Eastern and Middle Districts of Pennsylvania
  • Active member of the American Bankruptcy Institute and Eastern and Middle District of Pennsylvania Bankruptcy Conferences
  • Named a ‘Select Lawyer’ in bankruptcy and creditors’ rights by Susquehanna Style magazine
  • J.D. degree, cum laude, Washington and Lee School of Law; B.A. degree, with honors, majoring in history, College of William and Mary

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