Meet Our New President and CEO!

As many of our valued partners know, American Financial Management is a third-generation family owned business that specializes in commercial (b2b) collections. With our core values of Honesty, Empowerment, AFM Client Focus, Respect, and Teamwork, American Financial Management has been a leader of the commercial collection industry since 1964. It is with immense pleasure and [...]

Meet Our New President and CEO!2021-05-26T22:33:25-05:00

#You’veBeenServed: Service of Process in One Hundred Forty Characters or Less

The decision to file lawsuit against a former client is never easy.  Credit managers consider many factors, including the account balance and likelihood of recovery, the prospects of a future business relationship, the impact to the creditor’s reputation in the marketplace, and not least of all, the costs associated with legal actions.  Too often, a [...]

#You’veBeenServed: Service of Process in One Hundred Forty Characters or Less2020-10-25T15:16:55-05:00

Small Business Bankruptcy in a Post COVID-19 World

As the ongoing COVID-19 pandemic creates upheaval in the lives of individuals and business, attention has been focused largely on the Coronavirus Aid, Relief and Economic Stimulus Act (CARES Act) and its refunding and enlargement. However, even before most businesses rushed to banks, flooding the Small Business Administration with Paycheck Protection and Emergency Disaster Relief [...]

Small Business Bankruptcy in a Post COVID-19 World2020-05-07T09:19:05-05:00

The Legal Process – A Brief Overview

Most businesses avoid filing a lawsuit to resolve disputes.  However, judicial intervention is sometimes the only way to recover a debt.  As such, it is important that business owners and credit managers are aware of the basics of a civil action.  Generally, there are four stages to a legal action: 1) Pleadings/Service; 2) Discovery; 3) [...]

The Legal Process – A Brief Overview2019-06-07T16:06:24-05:00

Best Collection Practices for Financially Distressed and Out-of-Business Customers

When an invoice becomes past due, the goal of credit and collections professionals is to liquidate the claim most expeditiously or, secondarily, to learn the reason for nonpayment. But the methods one uses to do so can have dramatically different results. In AFM's September 2018 newsletter column, I shared some advice on how to complete [...]

Best Collection Practices for Financially Distressed and Out-of-Business Customers2020-05-06T13:10:05-05:00

Effectively Resolve Disputed Bills and Recover Monies Owed From Promise-Breaking Customers

When an invoice becomes past-due, the goal of credit and collections professionals is to expeditiously liquidate the claim or, secondarily, to learn the reason for nonpayment. The methods one uses to do so can have dramatically different results. Below are suggested recovery approaches that every credit and collections professional should utilize when handling two of [...]

Effectively Resolve Disputed Bills and Recover Monies Owed From Promise-Breaking Customers2020-05-06T13:12:01-05:00

Welcome

Since 1964 we have been proudly working to be the best accounts receivable management firm in the eyes of our clients, business partners and employees. Forward thinking, implementing new technologies and acknowledging important business trends are just some of the ways we ensure our company is keeping up with the game to ensure our client’s [...]

Welcome2017-02-08T14:54:58-06:00