Why Monitor Business Transfers in California?

If you are an unsecured creditor, business broker or wholesale distributor in California, it is crucial that you are notified prior to the business sale or transfer of your active accounts.

As an unsecured creditor or wholesale distributor, no matter the amount of your active accounts, the chance of missing an escrow is high , especially if one doesn’t actively look. According to the California Commercial Code, unsecured creditors have a 12-day time frame to submit claims. Otherwise, you lose the opportunity to collect on unpaid invoices.

Also, as a business broker, the failure to monitor your active accounts will result in lost commissions. That’s why it is important to utilize services like Alert Notification Monitoring to prevent any potential revenue lost.