Have you ever been tripped up by a blanket lien? Members of the Iowa-Nebraska Equipment Dealers Association are increasingly confronting issues regarding security interests held by banks in equipment they either purchase outright or accept in trade on other equipment from customers. Samuel I. Kreamer, J.D., C.P.A. of Kreamer Law Firm has put together three… Read More »
[Source: INEDA, 11.2016 | Keywords: Business Operations, Liens] Sometimes it is necessary to exercise your legal rights when a customer fails to pay for parts and service. This article will help you understand those rights under Iowa and Nebraska law, and how those rights are exercised. While the employee who actually provides the services and/or… Read More »
[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] As we are all aware, banks (or other lenders) take a VERY dim view of customers who do not repay their loans. To increase the odds that their loan will get repaid, lenders routinely require borrowers to grant the lender… Read More »
[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in… Read More »
[Source: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 05.2016 | Keywords: Trade-In, Collateral] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in… Read More »
[2013 | Keywords: Business, Operations, Liens] When the farm economy starts on a downhill trend, most dealers begin to worry about accounts receivable and how they will get paid when their service department makes major repairs to a customer’s equipment. Many dealers hire a third party company, such as Farm Plan or Case Credit, to… Read More »