With Chapter 11 filings on the rise amid an ongoing pandemic, Tennessee businesses and creditors face a murky future.
In a newly published Tennessee Banker article, Sam McAllester introduces the “principles of preparedness” for these creditors to consider to protect themselves against potential bankruptcies. McAllester’s seven tips include correcting document issues immediately, ways to strengthen position, monitoring troubled accounts, methods to improve borrower interactions and more. You can read more about the “principles of preparedness” in The Tennessee Banker: https://www.tnbankers.org/news/sm_files/21MarchAprilWEB.pdf.
Sam brings four decades of experience in banking and financial services, commercial lending and creditors’ rights, and more.