CFDD & NACM: Supporting Both Organizations

Nov 15, 2018

Posted by & filed under Credit, Education, Leadership.

Republished from the CFDD National Newsletter

Having served on both my local NACM Affiliate Board and CFDD Chapter’s Board, you might think I would have a unique perspective on both organizations, but actually, there are quite a few CFDD Portland Chapter members, past and current, that have served on both boards. We have a uniquely wonderful relationship here in the Pacific Northwest between CFDD Portland Chapter and our local NACM Affiliate – NACM Commercial Services. We support each other. Our local affiliate handles the Portland Chapter’s billing and sends out our monthly newsletter. Five of their staff are members of CFDD and we have an NACM liaison at all our monthly education meetings. When we hold a credit retreat, we work with NACM on scheduling, so that they do not offer a class on the same day as our retreat.… Read the rest

The Risky Business of Extending Credit to Ch. 11 Debtors

Nov 14, 2018

Posted by & filed under Bankruptcy, Credit.

Once a thriving toy retailer, Toys R Us is no more. Debt struggles repeatedly struck the popular chain store in 2016 and led the company to hire a law firm for corporate restructuring the following year. In September 2017, the century-old New Jersey-based company filed for Chapter 11 bankruptcy, only to decide to liquidate in March 2018.

Despite the impending downfall, suppliers stayed supportive of Toys R Us by extending hundreds of millions of dollars in trade credit and lengthening invoice payment periods, hoping the retailer would turn around—an objective Toys R Us vocally expressed to its suppliers. Instead, Toys R Us left suppliers high and dry after announcing plans to liquidate its assets, close hundreds of stores across the U.S,… Read the rest

Oregon Economic Forecast

Nov 14, 2018

Posted by & filed under Economics, Rainmakers Government Strategies.

Today, the Office of Economic Analysis presented its sixth of eight economic and revenue forecasts of the 2017-2019. This forecast is somewhat critical in that it is used to develop the Governor’s Recommended Budget for the 2019-2021 biennium which will be released in early December. 

For the current biennium, revenues continue to beat predictions and as a result, the tax kicker in 2019 has been increased for the 2nd time from the previous forecasts. As you will recall, the kicker is provided in the form of an income tax rebate. One of the primary drivers for the kicker was the Federal Tax Cut that was enacted earlier this year. However, this return of money will also cause some strain on budget writers who are predicted to face nearly a $1 billion structural shortfall in meeting current service levels. … Read the rest

Congratulations to Our Latest Designee Holders!

Nov 15, 2018

Posted by & filed under Certification.

Congratulations to the following people who just passed their designation exams!

Travis Worthen, CBA – Hajoca Corporation
Timothy Reilly, CBA – Canfor Wood Products Marketing Ltd
Melissa Garcia, CBA – Bridgewell Resources LLC
Julie Gieber, CBA – OrePac Building Products
Alaina Worden, CBA – OrePac Building Products… Read the rest

Oregon Election Results

Nov 9, 2018

Posted by & filed under Oregon, Rainmakers Government Strategies.

Clearly, the Blue Wave came from the Pacific Ocean with the largest swell crashing onto Oregon. And it was extreme with voter turnout thus far higher than 60% – higher than any previous mid-term election in Oregon.

In a close race, Governor Brown was re-elected to serve a second term – the timing of her taking over for Governor Kitzhaber makes this the last four years she can serve. All of Oregon’s Congressional members will return to DC and new BOLI commissioner, Val Hoyle, was a shoo-in after the primary vote.

At the legislature, a supermajority for Democrats soaked all hopes of Republicans to garner more relevance.

Currently 17 Democrats to 13 Republicans in the Senate, that division will move to at least 18 to 12 in 2019 with one race still hanging on final vote counts that may make the Senate 19 to 11.… Read the rest